Economy

United States readies new tariffs as Trump says he'll meet China's Xi

Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. Farmers, who are a core political c...


U.S. Defends Gulf Military Buildup, Says It's 'Not Spoiling For Fight'

The New York Times reported Monday that Acting Defense Secretary Patrick Shanahan presented a plan to the president's top national security aides last week ...


Supreme Court Rules Apple Anti-Trust Lawsuits May Move Forward

Apple argued that the iPhone owners do not have the right to sue because Apple is an intermediary. The core of Apple's argument is that, while it maintai...


China retaliates on tariffs, stock markets go into a slide

On Friday Mr Trump tweeted that tariffs on $250bn of goods coming into the U.S. were being paid "by China". Trump tweeted Monday after the countries failed ...


China, USTrade Talks End With No Agreement

USA and Chinese officials are to resume negotiations later on Friday morning for a second day as the world's two largest economies seek to hammer out an agreeme...


U.S. hikes tariffs leaving high uncertainty in place - Danske Bank

On Thursday, National Retail Federation vice president David French told reporters that the business community is united against using tariffs as a negotiating ...


China's exports fall ahead of crucial trade talks

On Monday, the United States president issued another threat to raise the tariffs on Chinese imports as part of an ongoing trade spat between the world's two bi...


Iran Using All Resources to Sell Oil in 'Grey Market': Deputy Minister

Gasoline stocks declined by 596,000 barrels in the week, while distillate inventories dropped by 159,000 barrels. North Atlantic Treaty Organisation ally Turk...


Uber drivers strike on May 8 before IPO to protest low pay

The protests arrive just ahead of Uber's initial public stock offering Friday. "This time , Uber drivers in at least 10 cities across the country plan to...


Binance Endures Cyber Attack, 7000 BTC Stolen

The hot wallet in question contained about two per cent of Binance's holdings and was robbed in a single transaction , Bloomberg wrote . Other wallets are...


National Nurses Week Honors Those That Serve Others

National Nurses Week kicks off Monday and businesses across the nation are showing their support for those men and women who are dedicated to keeping us health...


Trump vows new tariff hike on Chinese goods

May 5: Mr Trump says the 10 per cent tariffs on US$200 billion of Chinese goods will be raised to 25 per cent on May 10. - 25 per cent tariffs on $50 billion...


Trump Announces New Tariffs On China And They're YUGE

Those duties were set to rise to 25 per cent on March 1, but Trump delayed that as talks continued. He tweeted his frustration over how slowly the negotia...


My firm has bought 1st Amazon shares, says Buffett

Buffett said the purchase was made by one of his investment managers, Todd Combs or Ted Weschler, and details would be disclosed later this month in Berkshire's...


Fed sees no strong case for hiking or cutting rates

It's not planning to raise interest rates , following its latest policymaking meeting, which is bullish for stocks and might help keep President Trump's blood...


Google-parent Alphabet misses first-quarter revenue estimates

San Francisco - Shares of Google-parent company Alphabet is sliding on the back of a rare earnings miss by the Internet giant. "Google ad revenue growth ...


Iran sanctions and regional unrest hitting Mideast growth, International Monetary Fund warns

West Texas Intermediate crude for June delivery rose 41 cents to settle at $63.91 a barrel on the New York Mercantile Exchange. Saudi Arabia will not rush to...


Guaido Announces "Final Phase" In Government Change Plan

Maduro calls Guaido a US-backed puppet who seeks to oust him in a coup . As the two opposition leaders co-ordinated actions from vehicles parked on a highwa...


Uber aims for $90-billion IPO valuation

The ride-hailing company is planning to start marketing shares to potential investors in a price range of about $44 to $50 each, said the people, who asked not ...


Putin hopes Iran will continue oil exports despite U.S

Those exemptions are due to end May 1 and so far the Trump administration has sat back and watched global prices rise and only fitfully tried to get more crude ...