August 2, 2019

Wall Street ends lower on trade fear revival

Wall Street extended its sell-off on Friday amid renewed trade fears, capping a week where the benchmark S&P 500 index and the Nasdaq saw their worst […]
August 2, 2019

‘Moving fast:’ Musk’s SpaceX eyes Florida for launch site for Mars rocket

Elon Musk’s SpaceX is expanding its facilities in Florida to make room for the space company’s forthcoming super heavy-lift launch vehicle dubbed Starship, according to a […]
August 2, 2019

China’s new U.N. envoy says Beijing ready to fight U.S. on trade

China’s new U.N. ambassador warned on Friday that if the United States wanted to fight China on trade “then we will fight,” and signaled that trade […]
August 2, 2019

JPMorgan set for historic majority stake in China funds JV: sources

JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting […]
August 2, 2019

U.S. tariff threat may compound Apple’s iPhone woes: BofA

Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump’s newly proposed 10% tariff on Chinese imports from Sept. 1, analysts […]
August 2, 2019

Exxon Mobil profit sinks on weakness in chemicals, refining

Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil […]
August 2, 2019

Levi’s slims down China supply chain exposure as trade war rages on

Levi Strauss & Co has been “deliberate and diligent” in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, […]
August 2, 2019

Ferrari shares fall after it fails to upgrade guidance despite earnings rise

Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first […]
August 2, 2019

Wall Street drops to one-month low on trade, growth fears

Wall Street’s main indexes sank to one-month lows on Friday after a sharp escalation in U.S.-China trade tensions and tepid job growth in July reinforced fears […]
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