WASHINGTON (Reuters) - The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. FILE PHOTO: A general view of an oil dock is seen from a ship at the port…
LONDON — Stocks are sinking, again, after disappointing earnings reports from US tech giants Amazon, Google and Snap weighed on an already gloomy global sentiment in markets this week. US stocks have been having a rocky "red October," with catalysts ranging from fears about a China trade war, the Fed raising interest rates, and a…
Image copyright Reuters Image caption The sanctions relate to China's purchase of 10 Russian Sukhoi Su-35 fighter jets China has told the US to withdraw sanctions on its military over purchases of Russian jets and missiles or "bear the consequences".The US says China has contravened US sanctions on Moscow introduced over Russian actions in Ukraine…
President Donald Trump teased a prospective trade deal with China on Friday, but many analysts are skeptical the trade war is going to end anytime soon. Trump told reporters before leaving the White House that the US is "close to doing something" with China to ease the ongoing trade war between the two countries. "I…
Here's an official Bolt press picture from Chevy. On Friday, General Motors wrote to the Trump Administration in support of a national zero-emissions vehicle (ZEV) program, which would require seven percent of automakers' sales to be zero-emissions by 2021. That percentage would increase by two percent per year until reaching 25 percent in 2030. The…
Media playback is unsupported on your device Media captionDonald Trump speaks with the Mexican leader on the phone through a translator The US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North American Free Trade Agreement.US President Donald Trump, a frequent critic of the existing…
A trade war with China carries “dangerous” long-term risks because companies and nations may pull back from doing business with the U.S., former Treasury Secretary Henry Paulson said. “The question really is: Is China going to start looking for new markets for which they’re going to buy soybeans?” Paulson said Thursday in an interview with…
Sears filed for Chapter 11 bankruptcy early Monday morning after a multiyear battle to stay afloat amid steep declines in sales and customer traffic. The company said that it would close 142 stores before the end of the year and that Eddie Lampert would step down as CEO while remaining the company's chairman. The more…
Mario Tama/Getty Images Stocks fell Wednesday as Wall Street sweats over global growth prospects and a bond selloff. The 2-year yield hit its highest level since 2008. Trade-sensitive industrial stocks also fell as tensions between Washington and Beijing persisted. Stocks fell Wednesday as concerns about global economic growth and ongoing trade tensions continued to hang…
Guillaume Payen/SOPA Images/LightRocket via Getty Images In recent weeks, both Uber and Airbnb have sent formal letters to the Securities and Exchange Commission, asking the regulatory agency to expand efforts that would allow drivers and hosts to also be paid in company shares. Exactly how this would work in practice remains unclear. The move comes…
