• Business Highlights

    26 days ago - By Chron

    US stocks tumble as US-China trade war rattles investors
    NEW YORK - The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off left the S&P 500 with its fourth straight weekly loss. Stocks tumbled after President Donald Trump demanded that U.S. companies with operations in China consider moving them to other countries just hours after Beijing announced new tariffs on $75 billion in U.S. goods.
    Trump raises tariffs on Chinese goods as trade war escalates
    WASHINGTON...
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  • Wall Street sinks on trade tensions

    26 days ago - By Reuters

    Wall Street tumbled Friday after the U.S.-China trade war escalated sharply, with President Donald Trump demanding that U.S. companies seek alternatives to doing business with China after Beijing announced its own retaliatory measures. Fred Katayama reports.
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  • Trump retaliates against China, says the US will hike tariffs on imports

    Trump retaliates against China, says the US will hike tariffs on imports

    26 days ago - By Business Insider

    The Trump administration said Friday it would retaliate against China's latest tariffs with a tariff increase of its own.
    The president tweeted that tariffs on the $250 billion of imports already in place will be raised to 30% from 25% on Oct. 1.
    Trump also said the remaining $300 billion of imports set to go into effect on Sept. 1 will be taxed at 15%, rather than 10%.
    That added to a rapid series of trade escalations between the world's largest economies.
    Hours earlier, China announced it would levy new tariffs on thousands of American products.
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  • Stock market down as US-China trade war grows

    26 days ago - By Review Journal

    Markets closed sharply lower on Friday after the latest escalation of the U.S.-China trade dispute.
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  • Gold and Treasuries surge as the escalating trade war sends investors fleeing from the stock market

    Gold and Treasuries surge as the escalating trade war sends investors fleeing from the stock market

    26 days ago - By Business Insider

    Safe-haven assets from Treasuries to gold surged Friday amid escalating trade tensions between the US and China.
    Tensions are likely to continue and add volatility to markets, said Bill Adams of MFS Investment Management.
    Commodities and oil slid as well. Stocks pared losses into the market close.
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  • Trump Lashes Out, 'Orders' All U.S. Companies To Move Out Of China

    26 days ago - By NPR

    President Trump promised to respond Friday after China said it will slap tariffs on $75 billion automobiles and other U.S. goods. He also "ordered" U.S. companies to stop doing business with China.
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  • US stocks fall sharply as US-China trade war escalates

    26 days ago - By Chron

    Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing's latest tariff increase later Friday.
    The Dow Jones Industrial Average sank nearly 500 points after the president made the announcements on Twitter.
    Trump also said he was "ordering" UPS, Federal Express and Amazon to block any deliveries from China of the powerful opiod drug fentanyl. The stocks of all three companies fell as traders tried to understand what the implications for them were.
    The...
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