Liu He, China’s vice premier, left, and Robert Lighthizer, U.S. trade representative, wave to members of the media before a meeting at the Office of the U.S. Trade Representative in Washington, D.C., U.S., on Friday, Oct. 11, 2019. Andrew Harrer | Bloomberg | Getty Images President Donald Trump struck an […]
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Cramer on Trump vs. China: ‘Hate him or like him, he has them where he wants them’
President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more than the U.S. economy, CNBC’s Jim Cramer said Friday. “Hate him or like him, he has them where he wants them,” said Cramer, characterizing Trump and his hard line […]
Optimism is rising that some sort of US-China trade deal is coming — here’s what we know
The U.S. and China appear close to a limited trade deal, leaving more controversial issues for later negotiations. The trade talks, which President Donald Trump said were “going really well,” extended into the second day on Friday. A slew of media reports overnight suggest that the world’s two largest economies […]
US import prices rose modestly in September as non-oil prices fell
A container ship transporting goods leaving the port of Hong Kong, China. d3sign | Moment | Getty Images U.S. import prices rose modestly in September and were lower for goods excluding oil, suggesting that imported inflation could remain subdued. The Labor Department said on Friday import prices increased 0.2% last […]
When it pays to buy travel insurance and when you should pass
Airfare. Hotel. Rental car. When planning your next vacation, those are the first things you look to book. Yet there is one more item you may be missing: travel insurance. With prime booking season for holiday travel now getting underway, it could be a good idea to see what options […]
FAA failed to properly review 737 Max jet anti-stall system: JATR findings
An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration’s (FAA) review of a safety system on Boeing’s 737 Max jet that was later tied to two crashes that killed 346 people. The Joint Authorities Technical Review (JATR) was commissioned by the FAA in […]
Sterling shoots higher following ‘constructive’ Brexit talks between UK and EU
Britain’s Secretary of State for Exiting the European Union Stephen Barclay (L) shakes hands with European Union chief Brexit negotiator Michel Barnier before their meeting at the European Commission headquarters in Brussels, on October 11, 2019. FRANCISCO SECO | AFP | Getty Images Last-ditch talks between the chief Brexit negotiators […]
Ethiopian Prime Minister Abiy Ahmed wins 2019 Nobel Peace Prize
Ethiopian Prime Minister Abiy Ahmedat at the National Palace in Addis Ababa, Ethiopia, on May 25, 2018. Minasse Wondimu Hailu | Anadolu Agency | Getty Images Ethiopian Prime Minister Abiy Ahmed has won the 2019 Nobel Peace Prize for his efforts to achieve peace with neighboring Eritrea. He was awarded […]
Swift Saudi recovery returns oil markets to ‘business as usual,’ IEA says
A damaged installation in Saudi Arabia’s Abqaiq oil processing plant is pictured on September 20, 2019. Fayez Nureldine | AFP | Getty Images Global oil markets largely weathered attacks on oil sites in Saudi Arabia last month, the International Energy Agency said on Friday, as the world’s top crude exporter […]
Oil prices jump 2% after Iran says two missiles struck one of its tankers
Six oil tankers and a U.S. spy drone have been attacked since May either in, or near, the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images Oil prices rose sharply on Friday morning after […]