Asia Pacific stocks were poised for a muted open on Monday, with several markets remaining closed for the Easter holiday. Meanwhile, new tariffs imposed on U.S. goods by China were likely to be in focus. Stocks in the region looked set for a subdued start on the first trading day […]
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China announces it’s imposing new tariffs on 128 US products
China is implementing new tariffs on meat, fruit and other products from the U.S. as retaliation for American duties, heightening fears of a potential trade war between the world’s two largest economies. Beijing’s latest move, announced by its finance ministry in a statement dated April 1, is direct retaliation against […]
Mexican presidential front-runner hits back at Trump’s NAFTA threat, blasts ‘pinata’ treatment
Mexico’s presidential front-runner launched his campaign close to the U.S. border on Sunday, demanding respect for Mexicans hours after U.S. President Donald Trump again threatened to scrap a key trade pact and erect a wall between the countries. Striking a nationalistic tone, Andres Manuel Lopez Obrador signaled that if he […]
The market is ‘right in the eye of the storm,’ and charts show dark clouds ahead: Bank of America
Paul Ciana, global chief FICC technical strategist at Bank of America Merrill Lynch, says the market’s “headed right in the eye of the storm,” and there are two charts to watch that could signal some dark clouds ahead. “Our thesis here suggests that U.S. financial conditions continue to deteriorate,” he […]
Dropbox’s CEO reveals 4 of his favorite books on how to be a successful leader
Drew Houston always knew he wanted to run a tech company. “I really admired all the great tech companies and even as a little kid, I admired the tech entrepreneurs and I always dreamed of having my own company,” says Houston, speaking with Fortune in a video posted Wednesday. “So […]
Here’s why Walmart may have designs on Humana, and what it thinks it may get from a deal
Walmart has been making forays into consumer health care for more than a decade. Now, the nation’s largest retailer may be looking to play a bigger role in the sector by acquiring Medicare insurance giant Humana — just as its rival Amazon is increasingly making moves in the health care […]
Trump renews threat to link NAFTA talks to border security, warns on deal for immigrant ‘Dreamers’
President Donald Trump on Sunday explicitly linked his proposal to build a wall between the U.S. and Mexico to ongoing NAFTA negotiations, renewing a warning that the flow of illicit drugs and immigrants from the country “must stop.” Via Twitter, the president ripped the U.S.’s southern neighbor for doing “very […]
Hudson’s Bay confirms data breach affecting Saks, Lord & Taylor customers
Hudson’s Bay said on Sunday that data from card payments in some of its Saks andLord & Taylor stores in North America had been compromised. The Canadian retail company said it had identified the issue and taken steps to contain it, adding that “there is no indication” so far that […]
Coming to an airplane near you: Reclining seats in economy, urinals and sleep in suites
In addition to ticket prices and schedules, airlines compete for customers with promises of more comfortable seats, gourmet food, the latest in-flight movies, lots of legroom and other cabin amenities. Many of the most coveted conveniences — like lie-flat beds, chef-made meals and personal mini-bars — are reserved for business […]
Trump renews threat to link NAFTA talks to US border security, warns Mexico that US ‘needs the wall’
President Donald Trump explicitly linked his proposal to build a wall between the U.S. and Mexico to ongoing NAFTA negotiations, warning the country that the flow of illicit drugs and immigrants “must stop.” Via Twitter, the president ripped the U.S.’s southern neighbor for doing “very little, if nothing” at stemming […]