Getty Images / Xinhua News Agency US equities dipped on Friday as escalating US-China tensions blotted out rosy labor-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. On the economic data front, the US added 1.8 million jobs in July. The reading handily beats the 1.5 million increase expected by economists. Oil pared early losses following the jobs rep...
US stocks decline as Trump order targeting Chinese apps overshadows optimistic jobs report
Business Insider - 7 Aug 2020 17:37
Getty Images / Xinhua News Agency US equities dipped on Friday as escalating US-China tensions blotted out rosy labor-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. On the economic data front, the US added 1.8 million jobs in July. The reading handily beats the 1.5 million increase expected by economists. Oil pared early losses following the jobs rep...
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