Business

US, China putting trade war on hold after progress in talks

China US Trade

The world's two biggest economies are pulling back from the brink of a trade war after making...

Business

A huge European security regulation that affects many U.S. companies takes effect this

(c) 2018, The Washington Post. The European Union’s General Data Protection Regulation, or GDPR, goes into effect on May 25. Is your company ready? The objective of the regulation, which passed in 2016, is to simplify and consolidate rules that companies need to follow in order to protect their...


Business

Stocks rise, investors cheer easing trade tensions

(c) 2018, Bloomberg. U.S. stocks surged Monday as the Trump Administration sought to calm a potential trade dispute with China. The dollar surrendered earlier gains and turned lower, Treasuries steadied, and traditional havens such as the yen and gold tumbled. Major equity gauges were higher from...


Business

Result of US-China talks: Short-term relief, long-term risks

Trump

WASHINGTON (AP) — In the short run, a truce in the trade conflict between the United States and China has lightened tensions, halted the immediate threat of U.S. tariffs on China’s goods and cheered stock markets. The long-run picture may not be so sunny. The outcome of last weekend’s talks upset...


Business

Financial Markets Glance

Dow Jones Industrials High: 25,086.49 Low: 24,883.06 Close: 25,013.29 Change: +298.20 Other Indexes Standard&Poors 500 Index: 2733.01 +20.04 NYSE Index: 12,804.01 +86.59 Nasdaq Composite Index: 7394.04 +39.70 NYSE Amer Composite: 2735.13 +14.93 Russell 2000 Index: 1637.44 +10.81 Wilshire 5000...


Business

Hope for US-China trade progress sends stocks jumping

Financial Markets Wall Street-1

NEW YORK (AP) — Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world’s two biggest economies might be headed for a trade war. After another round...


Business

Yale's Shiller warns crypto may be another Cincinnati time store

(c) 2018, Bloomberg. Cryptocurrencies could be the latest case of more than a century’s worth of failed efforts to revolutionize money, according to Yale economics professor Robert Shiller, famed for his warnings about the dot-com and housing bubbles. The Nobel Prize-winning economist compared the...


Business

General Electric continues transformation; $11B rail deal

GE Wabtec

NEW YORK (AP) — General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert...


Government

US demands wholesale changes in Iran policies post-nuke deal

US Iran

WASHINGTON (AP) — The Trump administration on Monday demanded that Iran make wholesale changes in its military and regional policies or face “the strongest sanctions in history,” as it sought to turn up heat on Tehran after President Donald Trump’s decision to withdraw from a landmark nuclear deal....


Business

BP sees legal jeopardy in activists' push for climate action

(c) 2018, Bloomberg. After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during the company’s annual general meeting...


Business

Consumer Reports: Tesla's Model 3 has 'big flaws'

(c) 2018, The Washington Post. For much of the past year, Tesla’s Model 3 has been the darling of auto reviewers everywhere, with some comparing the mass market sedan to the iPhone and labeling it one of the greatest tech products ever created. This week, Tesla’s string of good reviews came to a...


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