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Wall St. drops on surprise Mexico tariff threat

May 31, 2019 by  
Filed under News

U.S. stocks dropped on Friday, putting the S&P 500 on track for its first monthly drop of the year after President Donald Trump’s surprise threat of tariffs on Mexico fueled fears increasing trade wars could lead to a recession.


Source: Reuters Business News

Mexico, U.S. business groups urge Trump to back down on tariff threat

May 31, 2019 by  
Filed under News

Mexico’s president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico’s economy.


Source: Reuters Business News

GE's CEO 'stunned' that factory efficiency drive only just started

May 31, 2019 by  
Filed under News

General Electric Co’s chief executive said on Thursday he was “really stunned” to learn that a major factory had only recently started using lean manufacturing techniques.


Source: Reuters Business News

How tariff hikes are squeezing the U.S. furniture business

May 31, 2019 by  
Filed under News

When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O’Brien was left with no choice but to add a 4% fee on every item of furniture he sells.


Source: Reuters Business News

Global stocks drop on fears of expanding trade war

May 31, 2019 by  
Filed under News

Global equities tumbled and safe-haven sovereign bonds surged Friday after President Donald Trump’s unexpected threat of tariffs on Mexican goods added to fears that escalating trade wars will push the U.S. and other major economies into recession.


Source: Reuters Business News

Juul considers opening retail stores in United States: source

May 30, 2019 by  
Filed under News

Juul Labs Inc is considering opening retail stores in the United States, a source familiar with the matter said on Thursday, a move that would help the controversial company cash in on the booming popularity of its e-cigarettes.


Source: Reuters Business News

WarnerMedia joins Disney, Netflix in reconsidering Georgia business over abortion law

May 30, 2019 by  
Filed under News

WarnerMedia on Thursday became the third major U.S. media company to say it would reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect, following Walt Disney Co and Netflix.


Source: Reuters Business News

T-Mobile, Sprint considering divesting wireless spectrum: sources

May 30, 2019 by  
Filed under News

U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.


Source: Reuters Business News

General Electric CEO says some efficiency efforts are just beginning

May 30, 2019 by  
Filed under News

General Electric Co affirmed on Thursday that it expects negative free cash flow in the second quarter, and said its power unit plans to cut costs by about 20% over the next two years as it tries to become leaner.


Source: Reuters Business News

Oil falls 3% on small U.S. crude stock draw, trade war worries

May 30, 2019 by  
Filed under News

Oil prices fell over 3% to their lowest in two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.


Source: Reuters Business News

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