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The U.S.-China trade war escalates with 10% tariffs on $200 billion in Chinese imports.
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 The CEO of FedEx is not happy about President Trump's latest tariffs against China and the escalating global trade war. Not one bit.
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Economist David Wessel of the Brookings Institution says that workers in certain industries — like those that depend on steel imports — are "definitely going to feel the pain" of the new tariffs.
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 U.S. stocks opened slightly higher on
Tuesday, buoyed by a rise in oil prices and concessions that
analysts said made the latest round of trade tariffs on China
less damaging than initially feared.
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 Who's afraid of the big bad trade war? Not world stock markets, it seems.
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Bloomberg
Japanese billionaire Yusaku Maezawa will hitch the first SpaceX ride around the moon and plans to invite as many as eight artists to join him -- with the rocket company's founder Elon Musk possibly signing up for the space flight. Maezawa will fly on
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A case filed with federal regulators says the company's targeting technology is used to screen out female candidates in violation of the law.
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 The US and China trade war could last 20 years, Alibaba founder Jack Ma said. Ma made the remark after President Donald Trump ordered the US Trade Representative to impose fresh tariffs on $200 billion worth of Chinese goods. When commenting about his coming retirement, Ma says he has been prepared for it for over 10 years.
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2018-09-18 0000088053-18-001001 118 KB
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Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences.
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European shares fell on Tuesday
after Beijing retaliated with new tariffs on $60 billion worth
of U.S. goods, less than 24 hours after U.S. President Donald
Trump imposed 10 percent tariffs on an additional $200 billion
worth of Chinese imports.
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Cook has been vocal about the ongoing trade disagreement, even speaking directly with Trump about the tariffs.
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Insured losses from winds and storm
surge spurred by Hurricane Florence will range from $1.7 billion
to $4.6 billion, catastrophe risk modeling firm AIR Worldwide
said on Tuesday.
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The focus today once again zeroes in on tariffs, with a positive mood in the market after overnight gains in Europe and Asia. Tariffs are dominating the news cycle because there's not much else to talk about, but Oracle and FedEx earnings last night both came in somewhat disappointing.
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Finding temporary housing for thousands of North Carolinians displaced by Hurricane Florence could prove more difficult than it was for those uprooted by other recent U.S. storms and hurricanes.
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 European stocks were looking at a lackluster session for Tuesday, as trade tensions between the U.S. and China made it hard for markets to get a foothold on gains.
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Apple Inc Chief Executive Tim Cook, whose products were spared from new U.S. tariffs on Chinese goods imposed on Monday, said he is optimistic that the United States and China will eventually work through their trade differences.
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Consumer goods are being targeted.
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 Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees.
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 Read full story for latest details.
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Mastercard, Visa and other financial institutions have agreed to settle a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments for a proposed $6.2 billion.
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The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet's Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market.
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Reuters
SAN FRANCISCO (Reuters) - German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its ...
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U.S. stocks opened slightly higher on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
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 Facebook announced that it will match up to $1 million in donations to the American Red Cross in support of relief efforts for victims of Hurricane Florence. The social network activated its Safety Check tool for Florence last Friday, enabling people to mark themselves safe and check on the wellbeing of family and friends. Facebook...
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Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of its new chief executive's efforts to double core earnings by 2022.
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Markets register largely muted reaction to latest trade war escalation
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Wall Street grew a bit concerned in some quarters as rising wages prompted inflation fears. Elsewhere, key man risk took its toll on the stocks of a couple of major companies.
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Facebook Inc. has been under scrutiny for months over its handling of personal data, but it has been haggling with financial firms over its access to sensitive financial data for years.
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 Viking Therapeutics Inc. stock rocketed 140% in premarket trade Tuesday, after the company reported positive results in a mid-stage trial of a treatment for non-alcoholic fatty liver disease, or NAFLD. The San Diego-based biotech said the Phase 2 trial of VK2809, its novel liver-selective thyroid receptor beta agonist, in patients NAFLD and elevated low-density lipoprotein cholesterol met its primary goal of reducing LDL-C compared with placebo. It also met its secondary endpoint of showing significant reductions in liver fat content. Madrigal Pharmaceuticals Inc. , a rival company working on the same class of drug, had shares drop 12.5% in premarket trade. Viking shares have gained 156% in 2018 through Monday, while the S&P 500 has gained 8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Japanese billionaire Yusaku Maezawa has made a name for himself as a rock musician, an online fashion mogul and, now, Earth's first moon tourist.
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 China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for new U.S tariffs, as previously planned, but has reduced the volume of tariffs that it will collect on the products. The tariff rates will be levied at 5 and 10 percent, instead of the previously proposed rates of 5, 10, 20 and 25 percent, the Finance Ministry said on its website late on Tuesday. China will impose a 10 percent tariff on U.S. products it previously designated for a rate of 20 and 25 percent.
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Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland's finance minister said on Tuesday.
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Bloomberg
David Bloom, global head of currency strategy at HSBC, discusses the U.S. dollar and where he sees it heading. LISTEN TO ARTICLE. 4:01. SHARE THIS ARTICLE. Share · Tweet · Post · Email. Global markets reacted to the latest escalation of the U.S.-China ...
Markets in Asia and Europe Unfazed by Trade-W
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New York Times
The trade war between the United States and China has escalated. Markets are largely shrugging it off. Stock indexes on Wall Street were poised to rise on Tuesday morning, after China's stock market closed higher and Europe's main indexes were all up ...
US Stocks Shrug Off New Tariffs to Post GainsWall Street Journal
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Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be "a mess" for all parties involved, citing weak trade rules. Ma was speaking at an Alibaba investor conference hours after Washington said it would impose duties on an extra $200 billion worth of Chinese imports, drawing a warning from Beijing that it would retaliate. Ma said trade tensions would likely impact Chinese and foreign companies immediately and negatively.
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Maezawa plans to take artists on the SpaceX voyage with him as part of a global art project called Dear Moon.
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European shares followed their
Asian peers upwards after U.S. President Donald Trump imposed 10
percent tariffs on an additional $200 billion worth of Chinese
imports and warned of duties on more products if China took
retaliatory action.
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Ferrari's new boss will explain on Tuesday how he intends to deliver on mid-term targets, aiming to convince investors the supercar maker can maintain the pace set by his illustrious predecessor.
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Flooding from the storm remained a major concern as North Carolina officials monitored vulnerable dams for potential breaches, even as the storm moved north.
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The promising electric-vehicle startup now has a crucial $1 billion incoming.
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The Internal Revenue Service extended deadlines for victims of Hurricane Florence victims in parts of North Carolina and elsewhere.
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Business Insider
Salesforce CEO Marc Benioff and his wife Lynne just bought Time Magazine for $190 million — but it's unclear what they'll do with it. Insiders at the company are thrilled with the acquisition and hopeful that an insurgence of cash will mean more
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Washington Post
NEW YORK — U.S. stock index futures extended losses in post-market trading late Monday after President Trump announced a new round of tariffs on about $200 billion worth of Chinese imports. Trump said he will impose 10 percent U.S. tariffs on about ...
Th
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The Senate Judiciary Committee will hold a hearing next week with Judge Brett Kavanaugh and the woman who has accused him of sexual assault, setting the stage for a dramatic public face-off.
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 Ferrari's new boss, Louis Camilleri, must convince investors that the automaker can live up to his predecessor Sergio Marchionne's goals of doubling core earnings by 2022 and introducing an SUV to the traditional supercar lineup.
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