How tariff hikes are squeezing the U.S. furniture business
LOS ANGELES/CHICAGO (Reuters) – When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O’Brien was left with no choice but to add a 4%…
Exclusive: Space firm founded by billionaire Paul Allen closing operations – sources
SEATTLE/ORLANDO, Fla. (Reuters) – Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional…
Wall St. skids, jolted by Trump’s surprise tariff threat on Mexico
NEW YORK (Reuters) – U.S. stocks dropped on Friday, as the S&P 500 closed out the month with its biggest May slump since 2010, after President Donald Trump’s surprise threat…
Global stocks drop on fears of expanding trade war
NEW YORK (Reuters) – Global equities tumbled and safe-haven sovereign bonds surged Friday after U.S. President Donald Trump’s unexpected threat of tariffs on Mexican goods added to fears that escalating…
Struggles of transport stocks transmit caution to market
NEW YORK (Reuters) – Add this to worries about Wall Street: The index of planes, trains and trucking companies, considered an important stock barometer of the U.S. economy’s health, is…
U.S.-China trade war of words heads for Fox cable TV face-off
BEIJING (Reuters) – China’s war of words with the United States over their escalating trade dispute will reach a crescendo of sorts when a broadcaster from Chinese state television debates…
Pence, Trudeau to discuss Huawei and China trade issues in Ottawa: official
WASHINGTON (Reuters) – U.S. Vice President Mike Pence and Canadian Prime Minister Justin Trudeau will discuss their countries’ joint dispute with China over Huawei during a meeting in Ottawa on…
Wall St. loses early gains as trade concerns abound
NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday, with initial gains giving way to declines as the likelihood of a prolonged trade war between the United States and…
J&J’s greed helped fuel U.S. opioid crisis, Oklahoma claims at trial
NORMAN, Okla. (Reuters) – Johnson & Johnson’s greed led the drugmaker to use deceptive marketing to create an oversupply of painkillers that fueled the U.S. opioid epidemic, the state of…
France wants FCA-Renault job guarantees and Nissan on board
PARIS (Reuters) – France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on…