October 3, 2019

Trump hails ‘nice victory’ on trade as EU whisky, wine makers left reeling

President Donald Trump hailed a “nice victory” on Thursday after the United States got the green light to place tariffs on European Union goods in a […]
October 3, 2019

U.S. duties on French wine are bad news for all, exporters say

The U.S. decision to impose tariffs on French wines will penalize American consumers who will see a sharp rise in prices while severely hurting French producers […]
October 3, 2019

USTR plans no grace period for product in transit when EU tariffs take effect: cheese importers

The U.S. Trade Representative’s office has told industry it will not offer a grace period for goods that are still in transit when new tariffs on […]
October 3, 2019

Wall Street gains as services data raises odds on Fed rate cuts

Wall Street’s main indexes rose in volatile trading on Thursday as U.S. services sector activity slowed to a three-year low, fueling hopes of further easing in […]
October 3, 2019

U.S. seeks e-cigarette companies’ data on advertising, sales

The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the […]
October 3, 2019

Tesla drops 6% as quarterly deliveries underwhelm Wall Street

Tesla’s stock dropped 6% on Thursday after the electric car maker’s quarterly deliveries underwhelmed investors already concerned about slowing revenue growth and ongoing losses. Powered by […]
October 3, 2019

Corona maker Constellation hit by pot investment loss; shares drop

Constellation Brands Inc racked up millions of dollars in losses from its investment in Canadian pot company Canopy Growth, pushing the maker of Corona and Modelo […]
October 3, 2019

Facebook’s Instagram launches Snapchat-like ‘Threads’ app

Facebook Inc said on Thursday it was launching a separate camera-first messaging app, “Threads”, for its photo-sharing platform Instagram, stepping up the company’s social media war […]
October 3, 2019

U.S. services sector activity hits three-year low; labor market solid

U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, the latest sign that trade tensions were eroding economic momentum. […]
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