Stories about Markets

Jul 21 2018

Donald Trump Fulfilled his Promise to Impose Tariffs on Chinese Products

The U.S.is challenging tariffs imposed on some U.S. exports by China, the EU, Canada, Mexico and Turkey. Brookings reported that in comparison to the massive American...

Jul 18 2018

Now Theresa May faces recess rebellion (and another Brexit bill)

The close shave was May's third this week as she presents legislation on one of the most important and divisive decisions in modern British history with only a minority g...

Jul 16 2018

US ban on China's ZTE lifted

The Commerce Department reached a deal with ZTE last month, agreeing to lift its ban after the company paid a $1 billion fine and put $400 million in an escrow account. Z...

Jul 15 2018

China's US Trade Surplus Hits Record in June

These economies already face the threat that automation will foreclose job creation in export-oriented factories. In fact, a trade war would only accelerate a process a...

Jul 14 2018

'British PM May urges her party to back EU Brexit plan'

May, who has tried to keep calm and carry on, said in a tweet that it was a "productive Cabinet meeting" and that she was "looking forward to a busy week". In between, he...

Jul 13 2018

Comcast increases its offer for British broadcaster Sky

Comcast just raised its offer for European pay-tv giant Sky. Regulators are concerned that Fox's ownership of Sky News would give Murdoch and his family too much influe...

Jul 07 2018

Oil prices fall as Donald Trump demands OPEC ‘reduce pricing now’

International Brent crude oil futures were at $77.18 per barrel at 0043 GMT, down 21 cents, or 0.3 percent, from their last close. West Texas Intermediate crude futur...

Jul 04 2018

Walmart draws fire for 'Impeach 45' T-shirts

Since it went viral, Walmart removed them and all other "Impeach 45" merchandise from their online store. Walmart has apparently responded to the outrage by taking down a...

Jul 04 2018

Canada hits $13 billion of U.S. goods with new tariffs

Today is the first day that Canada's retaliatory tariffs against U.S. steel, aluminum and other products went into effect. Canada and Mexico have the additional chall...

Jul 03 2018

Cavaliers owner Dan Gilbert thanks LeBron James in statement addressing his departure

Speculation had been mounting over the National Basketball Association star's future after his player option with the Cavs expired over the weekend. ESPN's Adrian Wojn...

Jul 03 2018

Tesla finally hits Model 3 production target, sets the next one

To quickly put another assembly line in place, Tesla built a large tent at the factory site. According to the company, it expects to increase its manufacturing rate t...

Jul 03 2018

US Sanction Waiver for Iran Oil Imports Likely

Trump tweeted that after the two men had a phone conversation Friday King Salman had "agreed" to increase oil production, "maybe up to 2,000,000 barrels". sanctions are ...

Jul 03 2018

Mazda joins Toyota in condemning Trump's car-tariff plans

President Trump has ordered that department to investigate imported cars and vehicle parts as a national security threat , which could lead to new tariffs. "The overbro...

Jul 02 2018

Crew Member Overboard From Norwegian Getaway

Carnival Cruise Line President Christine Duffy calls the rescue "nothing short of miraculous". "Kudos to the Carnival Glory team for this unbelievable effort to rescue ...

Jun 25 2018

Online sales tax ruling to boost state, local budgets

Online sellers that haven't been charging sales tax on goods shipped to every state range from jewelry website Blue Nile to pet products site Chewy.com to clothing retail...

Jun 25 2018

Turkey election: Erdogan wins second term as President

State-run Anadolu news agency said the six were detained after videos posted on social media reportedly showed them shouting expletives against Erdogan. Turkey has been...

Jun 22 2018

As Trump Threatens $200 Billion in New Tariffs, China Rattles Saber

Taken together, the two measures would raise the effective price on almost half of all imports from China into the U.S. " Most observers outside the Trump administra...

Jun 22 2018

China accuses USA of trade ‘abuses’ as India hits back at Trump

Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broke...

Jun 21 2018

Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack

Bitcoin's value has fallen this morning after South Korean cryptocurrency exchange Bithumb revealed it lost millions in a cyber attack. The firm also added that all ...