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Business News

Global Business News for 24 Aug 2019

The United States and Japan have made "big progress" in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on... Friday.
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The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan's Nikkei... business daily said on Saturday.
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U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war... escalation by the world's two largest economies.
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More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc , which perform better during economic downturns, in the hopes of gauging changes in consumer... behavior, though higher tariffs may erode the companies' ability to act as economic bellwethers.
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The Federal Trade Commission (FTC) and AT&T Inc reached a settlement agreement on a 2014 case that accused the company of slowing down data sent to wireless devices, a federal court ruling showed on... Friday.
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Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies... HOME and making your products in the USA.".
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The world's two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.
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Mr. O'Neill's biggest quarry was Whitey Bulger, Boston's most notorious mobster, whom he helped expose as an F.B.I. informant.
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Trump's Tariffs Will MakeOrdinary things like cellphones, clothes, shoes and toys imported from China will get more expensive when Trump's tariffs take effect before the holidays.
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Steps for home buyers next week

Times of India - 24 Aug 2019 01:39
Steps for home buyers nextThe government will unveil a fresh set of measures by the middle of next week, aimed at resolving the problems faced by home buyers and another set of steps to take care of pending issues hurting... economic growth, finance minister Nirmala Sitharaman said.
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Bonds issued by home builders are signaling a pretty upbeat tone for the U.S. economy, even as U.S. recession fears linger.
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What They Left Behind: Toons, the Snurfer and 'Macho Man'

The New York Times - 24 Aug 2019 01:20
What They Left Behind: Toons,Some gems from the life's work of people remembered in obituaries in The Times.
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Target, Facebook, Ford: Stocks That Defined the Week

Wall Street Journal - 24 Aug 2019 00:57
Here are stocks whose moves shaped the week in business news
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Dow plunges over 620 points asThe trade war between the U.S. and China escalated further Friday as China announced a new set of tariffs on American products.       
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The 10 Most AttractiveFranchise companies seeking to expand internationally need to consider not only the market potential but also the many risks present in international markets. In 2019, the most attractive countries... for most US franchise companies include Germany, UK, Canada, South Korea, Poland, and Spain.
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Between all the Persona games the franchise has surpassed 10 million copies sold. Persona 5 is more than a quarter of that all by itself.
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Key dates in the U.S.-China trade war

Reuters - 24 Aug 2019 00:28
Hopes for settlement of the yearlong U.S.-China trade war dimmed further on Friday as China said it will slap retaliatory tariffs on about $75 billion worth of U.S. goods, the latest escalation in the... dispute between the world's two largest economies.
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ED searches premises of JetThe grounded airline has defaulted on loans of over Rs 8,000 crore and lenders led by State Bank of India have launched bankruptcy proceedings against it in the National Company Law Tribunal. The... agency suspects the duo diverted a major portion of the bank loan abroad by inflating payments abroad and through fictitious transactions. It is exploring the possibility of registering a separate money laundering case against the company and its promoters.
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Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's... retaliatory tariffs on American goods.
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After Justin Lampe's fencing business folded due to drought, he turned his hand to metal art sculptures and looked to his late father for inspiration.
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Donald Trump once accused the Federal Reserve of not having a "feel" for the market and compared Federal Reserve Chair Jerome Powell to a golfer who can't putt, but on Friday it was the U.S. president... that drove markets into the rough.
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Your Long-Term Care Insurance Rate Spiked. Now What?

The New York Times - 24 Aug 2019 00:08
Your Long-Term Care InsuranceLong-ago miscalculations by insurers have led to policyholders' facing steep premium increases. But there are ways to keep costs down.
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Cloudflare Inc. is looking to be the next big tech company to go public, and investors who climbed on board a decade ago stand to reap huge rewards.
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Walmart, Tesla working toWalmart and Tesla are working toward settling a recent lawsuit brought by the department store giant against the energy company for solar panels that Walmart said caused fires at seven different... stores. On Tuesday, Walmart filed a Manhattan Supreme Court lawsuit to terminate a contract with Tesla for solar panels at 244 stores after the...
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The Fed's second-in-command shrugged off heavy stock-market losses in a television interview Friday and affirmed his positive view on the economy, in comments that offered little guidance on what he... would like to see with monetary policy over coming months.
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