U.S. whiskey exporters struggle after year of EU tariffs
BRISTOL, Pa. (Reuters) – When Europe’s tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor…
White House says ‘no recession in sight’ despite market turmoil
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from…
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that…
Airbnb records 30% growth rate in first-quarter on booking strength: source
FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo (Reuters)…
U.S. surfboard makers not so stoked about China tariffs
LOS ANGELES (Reuters) – President Donald Trump’s decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China – but not…
Deere to slash costs after trade war hits earnings
CHICAGO (Reuters) – Deere & Co. (DE.N) on Friday announced a review of costs after a combination of the U.S.-China trade war and bad weather dented its quarterly profits, forcing…
U.S. drillers add oil rigs for first week since June: Baker Hughes
(Reuters) – U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks despite plans by most producers to cut spending on…
Rental firm walks away from Tesla order after quality dispute
FRANKFURT (Reuters) – Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla (TSLA.O) Model 3 electric vehicles following a dispute over…
U.S. housing market mired in weakness; consumer sentiment ebbs
WASHINGTON (Reuters) – U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to…