NEW YORK  – The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. U.S. crude CLc1 tumbled 4 percent to settle at $67.88 a barrel after Saudi Arabia and Russia said they were ready to […]

U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports. Trump canceled the June 12 meeting citing Pyongyang’s “open hostility,”, even after North Korea followed through on a pledge to blow […]

Immaterial negative news stories about Tesla Inc have hit a “fever pitch”, and the electric carmaker’s stock is set to surge as output of its Model 3 sedan improves, according to an analyst. Baird Equity Research analyst Ben Kallo, in a note on Wednesday, said reports about factory accidents, employee turnover and production pauses have […]

WASHINGTON – U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp (000063.SZ) (0763.HK) and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company. Trump’s proposal ran into immediate resistance in Congress, where Republicans and Democrats accused the president of bending […]

WASHINGTON – U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams. The North American Securities Administrators Association announced the wide-ranging series of probes on Monday, dubbed “Operation Crypto-Sweep.” The investigations, some of which have already concluded, are aimed at unregistered securities offerings and initial coin offerings that […]

WASHINGTON  – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the agreement reached by Chinese […]

WASHINGTON  – China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep talking about measures under which China would import more energy and agricultural […]

WASHINGTON  – President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources. Postmaster General Megan Brennan resisted Trump’s suggestion in private conversations in 2017 and 2018, telling him that package […]

Trump, speaking to reporters at the White House, said China had “ripped off” the United States for too long and that he told Chinese President Xi Jinping that “we just can’t do that anymore.” But he praised the efforts of U.S. and Chinese officials to try to rebalance the relationship through trade talks. “Will that […]

If you’re not an oil analyst, the oil market may seem like a lot to keep up with. Most investors follow either West Texas Intermediate or Brent crude prices. Oil prices are influenced by three major factors: supply, demand and geopolitics President Donald Trump recently made headlines for pulling out of the Iran nuclear deal. Speculation about what would […]