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Wall Street sinks as U.S.-China trade tensions boil
Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures.
Citgo profits hit following split, CEO sees 2H improvement
The two new top executives at Citgo Petroleum PDVSAC.UL disclosed this week that net income in the second quarter slid to less than half its level a year earlier, hit by a broad slump for the refining industry as well as complications from U.S. sanctions on Venezuela and Citgo's split with state-run oil company PDVSA.
Trump calls on U.S. firms to exit China as trade war escalates
President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.
China tariffs on U.S. oil to pressure exports, Gulf Coast prices: traders
China's threat on Friday to slap a 5% tariff on U.S. oil imports could further soften demand for physical crude at hubs along the U.S. Gulf Coast, where exporters already have taken to shipping crude overseas without firm buyers, traders said.
Responding to Trump, UPS and FedEx say they already fight illegal drug shipments
FedEx Corp and United Parcel Service Inc said on Friday they already work closely with law enforcement to stop illegal shipments from entering the country after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China.
On-off trade tariffs wreak havoc on U.S. company planning
Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in-China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago.
Oil spills into U.S.-China trade war, prices slump
China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand.
Fed's commitment to act upstaged by Trump's furor
Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from President Donald Trump.
Stocks and oil fall, yen rallies as Trump threatens to further escalate China trade war
Stocks and oil prices fell sharply on Friday while traditional safe havens rose after U.S. President Donald Trump threatened to further escalate his trade war with China "this afternoon," following a new round of retaliatory tariffs from Beijing.
Oil prices slide as U.S.-China trade war escalates
Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.
World needs to end risky reliance on U.S. dollar: BoE's Carney
Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.
Trump administration considers boost to biofuel mandates to ease farmer anger: sources
The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has granted so far, four sources familiar with the matter said.
Ghosts of 2002 'corralito' spur Argentines to shun banks, stash cash at home
It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.
Qualcomm wins a pause in enforcement of FTC ruling
Qualcomm Inc won a partial stay against the enforcement of a sweeping antitrust ruling in a lawsuit brought by the U.S. Federal Trade Commission (FTC), according to a court filing on Friday.
U.S. trade group says 'unrealistic' for American retailers to exit China
The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States.
Trump presses U.S. companies to close China operations
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted.
China strikes back at U.S. with new tariffs on $75 billion in goods
China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world's top two economies.
For some, currency wars may not be fun or easy to win
It's a maxim for private investors: Don't fight the Fed.
U.S. Chamber of Commerce rejects Trump call on business with China
The U.S. Chamber of Commerce rebuffed President Donald Trump's call Friday that U.S. businesses begin immediately looking for alternatives for operations in China after China said it was imposing new retaliatory tariffs.
For world's central banks, a call to hang together
Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.
Square (SQ) is down today. What can you expect next?
Square (SQ) is down today. What can you expect next?
Particl (PART.X) is trending up, but why?
Particl (PART.X) is trending up, but why?
Mylan stock popped today: what's next?
Mylan (MYL) stock jumped over 13% today. What does the future hold?
Bitcoin (BTC.X) price: the bull and the bear case
Looking for the bull and the bear case for Bitcoin (BTC.X)?
Sonoma Pharmaceuticals (SNOA) earnings: expect 48% revenue growth
Sonoma Pharmaceuticals (SNOA) is announcing earnings on June 12, 2019. What should you expect?
Culp (CULP) earnings: expect -10% revenue decline
Culp (CULP) is announcing earnings on June 12, 2019. What should you expect?
Korn/Ferry International (KFY) earnings: expect 4% revenue growth
Korn/Ferry International (KFY) is announcing earnings on June 12, 2019. What should you expect?
lululemon athletica (LULU) earnings: expect 17% revenue growth
lululemon athletica (LULU) is announcing earnings on June 12, 2019. What should you expect?
Chico's FAS (CHS) earnings: expect -8% revenue decline
Chico's FAS (CHS) is announcing earnings on June 11, 2019. What should you expect?
Capstone Turbineration (CPST) earnings: expect 0% revenue growth
Capstone Turbineration (CPST) is announcing earnings on June 11, 2019. What should you expect?