Pandemic fears grip Wall Street, Dow dives 800 points
(Reuters) – The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq…
Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal – for now
RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a…
Futures plummet as investors dump stocks on fears of pandemic
(Reuters) – U.S. stock index futures tumbled on Monday as investors scurried to perceived safe-haven assets after a surge in…
U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs
WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to…
U.S. expands use of coronavirus diagnostic test
(Reuters) – The U.S. Food and Drug Administration on Tuesday granted emergency use approval for state public health laboratories to…
Former executive of Taro Pharmaceutical indicted in U.S. for price-fixing
WASHINGTON (Reuters) – A former sales and marketing executive of Taro Pharmaceutical Industries Ltd, Ara Aprahamian, has been indicted for…
U.S. declares coronavirus health emergency, bars foreign nationals who visited China
WASHINGTON Reuters) – The Trump administration, while insisting the risk to Americans from coronavirus is low, nevertheless declared a public…
Earnings volatility set to kick in as coronavirus worries mount
NEW YORK (Reuters) – Concerns over the outbreak of coronavirus from China have largely overshadowed corporate results, but the back…
U.S. Supreme Court lets Flint, Michigan residents sue over water contamination
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday let residents of Flint, Michigan pursue a civil rights lawsuit against…
U.S. Supreme Court declines to fast-track Obamacare appeal
FILE PHOTO: The U.S. Supreme Court in Washington, D.C., U.S., June 17, 2019. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – The…
Supreme Court to hear Trump appeal in Obamacare contraception fight
WASHINGTON (Reuters) – The U.S. Supreme Court on Friday took up an appeal by President Donald Trump’s administration seeking to…
U.S. housing starts at 13-year high, factory output gains
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the…
U.S. job openings post biggest drop in more than four years
WASHINGTON (Reuters) – U.S. job openings recorded their biggest drop in more than four years in November, while hiring increased…
Toyota to move Tacoma truck production to Mexico from U.S.
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.…
Wall Street hits new highs in strongest week since August
(Reuters) – Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since…
Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition…
With market at record highs, eyes on reports from chipmakers
NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come…
U.S. Senate passes North America trade deal, Canada still to approve
WASHINGTON (Reuters) – The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that…
U.S., China reset trade relationship with Phase 1 agreement
WASHINGTON (Reuters) – The United States and China announced an initial trade deal on Wednesday that will roll back some…
Trump administration restricts some e-cigarette flavors
(Reuters) – The Trump administration on Thursday announced a ban on some popular e-cigarette flavors, including fruit and mint, to…
UK tobacco shares rise on U.S. e-cigarette ban exemptions
(Reuters) – Shares in British American Tobacco (BATS.L) and Imperial Brands Plc (IMB.L) rose on Friday after the U.S. health…
Democrats ask U.S. Supreme Court to save Obamacare
WASHINGTON (Reuters) – The Democratic-controlled U.S. House of Representatives and 20 Democratic-led states asked the Supreme Court on Friday to…
Chinese delegation plans to travel to Washington to sign trade deal: SCMP
FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of Transportation…
Novartis, Merck and Allergan join those raising U.S. drug prices for 2020
NEW YORK (Reuters) – Novartis AG, Merck & Co Inc and Allergan Plc were among companies that raised U.S. prices…
Wall Street slips from records as investors lock in year-end gains
NEW YORK (Reuters) – Wall Street’s major stock indexes slipped from record highs on Monday as investors booked profits from…
Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion
(Reuters) – California attorney Michael Avenatti, known for representing porn actress Stormy Daniels in a lawsuit against U.S. President Donald…
Record online sales give U.S. holiday shopping season a boost: report
(Reuters) – U.S. shoppers spent more online during this year’s holiday shopping season, a report by Mastercard Inc (MA.N) showed…
What’s in the U.S.-China ‘phase one’ trade deal
WASHINGTON (Reuters) – The United States and China have agreed on the terms of a “phase one” trade deal that…
U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases
WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that…
Fed holds rates steady, expects moderate economic growth next year
WASHINGTON, (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to…
U.S. Supreme Court justices lean toward insurers on $12 billion Obamacare claims
WASHINGTON (Reuters) – U.S. Supreme Court justices on Tuesday appeared sympathetic to claims made by health insurers seeking $12 billion…
Choppy markets leave U.S. bank bonus decisions in limbo
NEW YORK (Reuters) – December is always a month of suspense on Wall Street, as dealmakers, traders and money managers…
Mexico official lauds progress on trade deal but says work remains
WASHINGTON (Reuters) – Mexico’s deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made “good progress”…
Ericsson to pay over $1 billion to resolve U.S. corruption probes
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into…
China’s November trade surplus with U.S. at $24.60 billion vs $26.45 billion in October
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song BEIJING…
Mexico, U.S. draw closer to finalizing USMCA: source
FILE PHOTO: Trucks wait in a long queue for border customs control to cross into the U.S., in Tijuana, Mexico,…
Jeff Bezos says Amazon wants to work more with the Pentagon
SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as…
Trump says meetings, talks with China going well
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday the United States is having meetings and discussions with China…
Trump upbeat on U.S.-China talks as Beijing underscores tariff-cut demands
WASHINGTON/BEIJING (Reuters) – U.S.-China trade talks are “moving right along,” President Donald Trump said on Thursday, striking an upbeat tone…
United Auto Workers union names reformer Gamble president until 2022
(Reuters) – The United Auto Workers international executive board on Thursday named acting president Rory Gamble to head the union…
Wall Street inches higher as Dec. 15 tariff deadline looms
NEW YORK (Reuters) – Wall Street eked out slight gains on Thursday as investors waited for concrete news on a…
Wall Street bides its time, awaiting news from trade front
NEW YORK (Reuters) – Wall Street was largely unchanged on Thursday as market participants stayed on the sidelines, awaiting further…
House Democrats see progress on U.S.-Mexico-Canada trade deal, passage possible this year
WASHINGTON (Reuters) – U.S. House Democrats said on Thursday they ironed out some differences with the White House over a…
U.S.-based chip-tech group moving to Switzerland over trade curb fears
SAN FRANCISCO/WASHINGTON (Reuters) – A U.S.-based foundation overseeing promising semiconductor technology developed with Pentagon support will soon move to Switzerland…
Going whole hog: U.S. tells exporters to report pig carcass sales as China buying soars
CHICAGO (Reuters) – The U.S. Department of Agriculture said on Monday that commodity exporters must disclose sales of hog carcasses,…
Fed’s Powell: Monetary policy well positioned to support strong labor market
PROVIDENCE, R.I. (Reuters) – Monetary policy is “well positioned” to support the strong labor market, which is just now starting…
U.S. securities regulator proposes new rules on use of derivatives in exchange traded funds
WASHINGTON (Reuters) – The U.S. securities regulator on Monday proposed new regulations for the use of derivatives by investment funds…
Trump vague about whether he will veto bills that back Hong Kong protesters
WASHINGTON (Reuters) – U.S. President Donald Trump was vague on Friday about whether he would sign or veto legislation to…
Canada’s use of Huawei 5G would hamper its access to U.S. intelligence: U.S. official
HALIFAX, Nova Scotia (Reuters) – The U.S. national security adviser urged Canada on Saturday not to use Huawei 5G technology,…
Still hope for U.S.-China deal this year: U.S. official
HALIFAX, Nova Scotia (Reuters) – United States national security adviser Robert O’Brien said on Saturday that an initial trade agreement…
Wall Street Week Ahead: Conditions may be set for Santa Claus rally
NEW YORK (Reuters) – (This November 22 story has been refiled to add dropped word in paragraph 12.) A year…
No ‘phase two’ U.S.-China deal on the horizon, officials say
WASHINGTON (Reuters) – An ambitious “phase two” trade deal between the United States and China is looking less likely as…
China attacks U.S. at G20 as the world’s biggest source of instability
BEIJING (Reuters) – The United States is the world’s biggest source of instability and its politicians are going around the…
Warren proposes ‘corporate perjury’ law related to industry-funded research
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren on Tuesday proposed a new “corporate perjury” law that she would pursue if…
Investors left exposed as Trump’s SEC gives America Inc helping hand
WASHINGTON (Reuters) – The United States’ top market cop is slowly taking the shackles off corporations. FILE PHOTO: FILE PHOTO:…
U.S. Supreme Court rejects Charter appeal of Sprint patent verdict
FILE PHOTO: The U.S. Supreme Court building is pictured in Washington, U.S., March 20, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) –…