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Beyond Meat slides after lead underwriter downgrades stock

June 11, 2019 by  
Filed under News

Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in.


Source: Reuters Business News

Trump defends tariff strategy as China says it's 'not afraid of a trade war'

June 11, 2019 by  
Filed under News

U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.


Source: Reuters Business News

Trump presses China to reverse stance on structural reform if it wants trade deal

June 11, 2019 by  
Filed under News

President Donald Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five “major points” that Trump did not specify.


Source: Reuters Business News

U.S. economic growth forecast 'not contingent' on China trade deal: Kudlow

June 11, 2019 by  
Filed under News

White House economic adviser Larry Kudlow said the U.S. economy will likely still achieve a 3% pace of growth this year even without a trade deal with China.


Source: Reuters Business News

Uber chief executive laments U.S. trade policy for lackluster IPO

June 11, 2019 by  
Filed under News

Uber Technologies Chief Executive Dara Khosrowshahi¬†said on Tuesday the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price.


Source: Reuters Business News

Trump says United Tech, Raytheon deal may hurt competition

June 10, 2019 by  
Filed under News

U.S. President Donald Trump said on Monday he was a “little concerned” about the merger of defense contractor Raytheon Co and United Technologies Corp but gave a mixed message as to whether he believed the $121 billion deal should go forward.


Source: Reuters Business News

Pentagon in talks with industry on United Technologies and Raytheon merger: statement

June 10, 2019 by  
Filed under News

Pentagon leadership is engaging with industry leadership to understand the implications of the United Technologies Corp merger with Raytheon Co, a Pentagon official said on Monday.


Source: Reuters Business News

Exclusive: Some big tech firms cut employees' access to Huawei, muddying 5G rollout

June 10, 2019 by  
Filed under News

Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent U.S. blacklisting of the Chinese tech firm, according to people familiar with the matter.


Source: Reuters Business News

Trump ready to slap more tariffs on China after G20 meeting

June 10, 2019 by  
Filed under News

U.S. President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he does not reach a trade deal with China’s president at a Group of 20 summit later this month.


Source: Reuters Business News

Wall Street rises on Mexico relief, M&A cheer

June 10, 2019 by  
Filed under News

U.S. stocks were higher on Monday after the United States dropped plans to impose tariffs on Mexican goods, with a couple of multi-billion dollar deals adding to the upbeat mood.


Source: Reuters Business News

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