Global shares mostly rise after Wall Street rally on Huawei
TOKYO (AP) — Global shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers.
Huawei expects no relief from US sanctions but is confident
SHENZHEN, China (AP) — The founder of Chinese tech giant Huawei said Tuesday he expects no relief from U.S. export curbs due to the political climate in Washington but expressed confidence the company will thrive because it is developing its own technology.
Department stores make room for used fashion
NEW YORK (AP) — Out with the new and in with the old. As department stores watch their customers flock to second-hand stores, some are trying to bring them back by partnering with online resale sites.
US airlines expect record crowds over Labor Day weekend
WASHINGTON (AP) — Airlines expect record crowds over the week-long Labor Day period. The trade group Airlines for America forecast Tuesday that 17.5 million passengers will fly on U.S.
Asian shares mostly rise after Wall Street rally on Huawei
TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers.
Writers union says talent agents are violating antitrust law
LOS ANGELES (AP) — The Writers Guild of America filed claims Monday in federal court alleging the entertainment industry's biggest talent agencies are violating antitrust and anti-racketeering laws, the latest move in a long and heated battle between those who write scripts and the agents who represent them.
Top US CEOs rethink the meaning of shareholder value
The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking.
Brand-name drug prices rising at slower pace, lower amounts
TRENTON, N.J. (AP) — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis.
Q&A: Recession jitters are rising. Is there reason to worry?
WASHINGTON (AP) — Nerves are being frayed by a global economy that increasingly looks breakable. Growth is stalling. Factory output is down.
Wide implications as Germany teeters toward recession
BERLIN (AP) — Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone and the United States.
Putin, Macron hold French-Russian talks before G-7
PARIS (AP) — French President Emmanuel Macron and Russian President Vladimir Putin vowed to give a new boost to peace talks with Ukraine and to improve Moscow's relations with the European Union during a meeting in southern France on Monday.
74% of economists in survey see US recession by end of 2021
WASHINGTON (AP) — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S.
US extends limited reprieve on tech sales to China's Huawei
The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant.
Trump calls on Federal Reserve to cut interest rates
WASHINGTON (AP) — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time," saying that such an action would make the U.S.
Where'd all the stocks go? Nasdaq's CEO on shrinking market
NEW YORK (AP) — The stock market is a much less crowded party than it used to be. In the late 90s, when a bevy of hot dot-com companies were rushing to sell their shares on public markets, investors had more than 7,500 U.S.
More eurozone stimulus expected after inflation revised down
LONDON (AP) — Inflation across the 19-country eurozone was revised down for July, official figures showed Monday, bolstering expectations that the European Central Bank will provide another shot of stimulus to the single currency bloc next month.
Global shares rise as investors watch trade war, economies
LONDON (AP) — Global stock markets recovered some further ground Monday after last week's turbulence when ongoing concerns about a trade war between the United States and China and an array of worries about waning growth across the world weighed heavily on sentiment.
Trump dismisses worries of recession, says economy is strong
BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week's steep drop in the financial markets.
Asian shares rise as investors watch trade war, economies
TOKYO (AP) — Asian shares were higher Monday, as investors continue to rejigger their read on President Donald Trump's trade war and growing worries about slowing economies around the world.
Japan's exports fell in July for 8th straight month
TOKYO (AP) — Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth.
Trump wields sanctions hammer; experts wonder to what end
WASHINGTON (AP) — Call it the diplomacy of coercion. The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever.
There's history behind worsening Seoul-Tokyo trade dispute
SEOUL, South Korea (AP) — A runaway train. Crashing billiard balls. A compound fracture. Journalists and academics in Seoul have been running out of colorful descriptions for an intensifying dispute between South Korea and Japan over history and trade that has sent always shaky relations plummeting further.
Iranian tanker sought by US heads to unknown destination
GIBRALTAR (AP) — An Iranian supertanker hauling $130 million worth of light crude oil that the U.S. suspects to be tied to a sanctioned organization lifted its anchor and begun moving away from Gibraltar late on Sunday.
Trump likens buying Greenland to 'a large real estate deal'
WASHINGTON (AP) — President Donald Trump said Sunday the idea of buying Greenland from Denmark has been discussed within his administration because of the strategic benefits for the U.S.
Tesla restarts its solar-panel business, offers rental plans
PALO ALTO, Calif. (AP) — Tesla is trying to spark its solar-panel business by letting consumers rent rooftop systems rather than buy them.