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Wall St. opens higher led by tech stocks

1 month ago   |   By

U.S. stocks opened higher on Tuesday, led by technology stocks, as upbeat earnings from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.
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Wall St. set to rebound on strong results from UnitedHealth, Goldman

1 month ago   |   By

Wall Street was set to recover on Tuesday as upbeat earnings reports from blue-chip companies helped ease jitters over the impact of an ongoing U.S.-China trade war and other global issues on corporate profits.
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Travelex Pay's new gift card service lets WeChat users from China shop in the U.S

Travelex Pay's new gift card service lets WeChat users from China shop in the U.S

1 month ago   |   By

London-based Travelex today announced a new partnership with gift card startup Swych that will allow Chinese consumers on the WeChat platform to make purchases from retailers in the U.S. The new service is called “Travelex Pay,” and will exist within the WeChat app, which has 800 million users. Until now, the ability of WeChat users to...
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A third of Japan Inc hurt by U.S.-China trade war - Reuters poll

1 month ago   |   By

A Reuters poll has found the number of Japanese companies affected by the U.S.-Sino trade war has jumped to a third, soaring from just 3 percent in May with firms fretting about prospects for their exports from China as well as slower Chinese demand. Michelle Hennessy reports.
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Global economy: China factory gate prices, Germany's ZEW point to trade gloom

1 month ago   |   By

China's factory-gate inflation cooled for a third straight month amid ebbing domestic demand, pointing to more pressure on the world's second biggest economy as it remains locked in an intensifying trade war with the US. As David Pollard reports, new data also shows Germany's economic outlook is being clouded by the dispute.
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How Trump's Trade War Is Driving China Nuts

1 month ago   |   By

TOKYO-Five years ago, China's Xi Jinping rocked the Communist Party establishment by pledging to let markets play a “decisive role” in decision making. Reformists rejoiced as President Xi signaled a revival of Deng Xiaoping's pro-capitalism revolution. Things haven't gone as planned. First, Xi slow-walked steps to reduce China's reliance on runaway credit, debt and an antiquated state sector. He prioritized short-term growth over long-term upgrades. And then Donald Trump came along to imperil both objectives. Initially, Xi's government figured the president was bluffing. Beijing's...
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Standard Chartered sees increased China-Africa trade due to U.S. trade war

1 month ago   |   By

China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China said.
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The Biggest Losers In a U.S.-China Trade War

1 month ago   |   By

Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday.
"The US-China conflict-it's not a positive, it's not something that is going to help growth but neither is it going to necessarily impact the overall macro economy," said Jonathan Woetzel, a senior partner at McKinsey and director of the consulting firm's McKinsey Global Institute.
He explained that much of the trade war's impact falls on global corporation that do manufacturing there-accounting for 40-50% of Chinese exports, and 70-80% of exports from...
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Trump says he'll deliver answers to Mueller questions next week

Trump says he'll deliver answers to Mueller questions next week

President Donald Trump said he would deliver his written answers to special counsel Robert Mueller next week. "They're all done," Trump told reporters outside the White House... Read more ...

Trump continues to blame fires on forest mismanagement even while traveling...

Trump continues to blame fires on forest mismanagement even while traveling to California

President Donald Trump again blamed California's wildfires, which have left at least 74 people dead and over 1,000 missing, on forest mismanagement hours before was due to... Read more ...

Yoga studio shooting hero to get $30,000 for law school

Yoga studio shooting hero to get $30,000 for law school

Florida State University officials have committed $30,000 of their personal money to a man credited with confronting a shooter. Read more ...

Trump continues Twitter campaign for Pelosi: 'I can get her as many votes as...

Trump continues Twitter campaign for Pelosi: 'I can get her as many votes as she wants'

President Trump tweeted Saturday: "I can get Nancy Pelosi as many votes as she wants in order for her to be Speaker of the House." Trump tagged Republican Rep. Tom Reed, who... Read more ...

The CEO behind IHOP and Applebee's perfectly illustrates how US restaurants...

The CEO behind IHOP and Applebee's perfectly illustrates how US restaurants could be one of the biggest winners of Trump's trade war

Dine Brands CEO Steve Joyce, whose company owns popular brands like IHOP and Applebee's, laid out how President Donald Trump's trade war is helping restaurants. China, Canada... Read more ...

Opinion: Amazon Deal In New York Creates Some Unlikely Allies

Opinion: Amazon Deal In New York Creates Some Unlikely Allies

NPR's Scott Simon reflects on Amazon's plan to open a headquarters in New York. It's prompted an unlikely coalition to unite in opposition, due to tax breaks and subsidies the... Read more ...

The odds of a second referendum on Brexit just rose sharply

The odds of a second referendum on Brexit just rose sharply

The odds of Britain holding a second referendum just went sharply up and are now a near coin-toss, according to HSBC. But Prime Minister Theresa May probably does have the... Read more ...

How it will play out if MPs vote down Theresa May's Brexit deal

How it will play out if MPs vote down Theresa May's Brexit deal

LONDON - As the dust settles on the most chaotic week of British politics in recent memory, one question has become increasingly important. What happens if parliament votes... Read more ...

Stacey Abrams says Brian Kemp will beat her in the Georgia governor's race...

Stacey Abrams says Brian Kemp will beat her in the Georgia governor's race, but calls his 'voter suppression' tactics 'appalling'

Republican Brian Kemp will become the next governor of Georgia after his Democratic opponent, Stacey Abrams, ended her bid on Friday evening after a tight and contentious... Read more ...

Trump alarms his confidantes with questions about Mike Pence's loyalty

Trump alarms his confidantes with questions about Mike Pence's loyalty

President Donald Trump has been asking advisers lately about whether Vice President Mike Pence is loyal, according to people familiar with the discussions cited by The New York... Read more ...