Tag Archives: trade

US retail sales bounce around in a whipsaw trade environment

US retail sales bounce around in a whipsaw trade environment

WASHINGTON (AP) — Consumers picked up their spending in June after an earlier pullback, despite anxiety over tariffs and the state of the U.S. economy. Retail sales rose a better-than-expected 0.6% in June, the Commerce Department said Thursday, after two consecutive months of spending declines, a 0.1% pullback in April and a 0.9% slowdown in May. Retail was buoyed earlier …

Read More »

Trade Deadline Outlook: Arizona Diamondbacks

Trade Deadline Outlook: Arizona Diamondbacks

The Diamondbacks are hanging on the outskirts of the playoff race. They enter the All-Star Break three games below .500 and 5.5 back in a strong National League playoff field. They’d surely prefer to buy in a season where they’re running a franchise-record payroll and facing a number of potential free agent departures. With playoff odds hovering around 10% and …

Read More »

Faced with geopolitics and trade war, US companies in China report record-low new investment plans

Faced with geopolitics and trade war, US companies in China report record-low new investment plans

WASHINGTON (AP) — American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s tariffs have become their top concerns, according to a business survey released Wednesday. The companies are also challenged by China’s slowing economy, where weak domestic demand and overcapacity in local …

Read More »

Pirates Trade Adam Frazier To Royals

Pirates Trade Adam Frazier To Royals

10:45am: The teams have announced the trade. Pittsburgh optioned Devanney to Triple-A Indianapolis. 9:27am: The Royals are set to acquire infielder/outfielder Adam Frazier from the Pirates, reports Robert Murray of FanSided. Kansas City will send infielder Cam Devanney back to Pittsburgh in the trade. Devanney was just selected to the major league roster by the Royals eight days ago but …

Read More »

Nvidia’s resumption of H20 chip sales related to rare earth element trade talks

Nvidia’s resumption of H20 chip sales related to rare earth element trade talks

Rare earth elements appear to be behind Nvidia’s stance on China.  After announcing in June plans to essentially withdraw from the Chinese market, the semiconductor chip and AI giant reversed course and said it was filing an application to restart sales of its H20 AI chip to China. U.S. Commerce Secretary Howard Lutnick said Tuesday that Nvidia’s plans to start selling …

Read More »

US businesses brace for impact of all-out trade war – Politico

US businesses brace for impact of all-out trade war  Politico E.U. tariffs set to raise pasta and wine prices, threatening jobs on both sides of the Atlantic  NBC News Italy’s Chianti wine makers eye South America, Asia amid Trump tariff threat  Reuters Trump’s bold tariff strategy has French cheese and wine makers trembling with uncertainty  Fox Business Today in Italy: A roundup of the …

Read More »

Europe Rushes to Negotiate a Trade Deal as Trump’s Team Voices Indifference – The New York Times

Europe Rushes to Negotiate a Trade Deal as Trump’s Team Voices Indifference  The New York Times What retaliatory action is the EU planning over Trump’s tariffs?  Al Jazeera EU trade ministers call Trump’s 30% tariff ‘absolutely unacceptable,’ plan countermeasures  PBS US Tariffs at 30%? C’mon, Europe… Do Something  Bloomberg Trump tariffs send chill through Greek peach harvest  Reuters Source link

Read More »

Trump Announces ‘Great Deal’ on Trade With Indonesia – The New York Times

Trump Announces ‘Great Deal’ on Trade With Indonesia  The New York Times Striking trade deal with US was an ‘extraordinary struggle,’ Indonesia says  CNN Asia-Pacific markets mostly fall after U.S.-Indonesia trade deal  CNBC Indonesian goods will be taxed at 19%, Trump says  PBS Indonesia Sees ‘New Era’ of Trade With US Under Trump Deal  Bloomberg Source link

Read More »