US stocks tumble as US-China trade war rattles investors
NEW YORK (AP) — The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off left the S&P 500 with its fourth straight weekly loss. Stocks tumbled after President Donald Trump demanded that U.S. companies with operations in China consider moving them to other countries just hours after Beijing announced new tariffs on $75 billion in U.S. goods.
Trump raises tariffs on Chinese goods as trade war escalates
WASHINGTON (AP) —Escalating his trade war with China, President Donald Trump bumped up his tariffs on Chinese imports Friday, lashing back after Beijing raised taxes on U.S. products. In a tweet, Trump said he would be raising tariffs on $300 billion in Chinese goods from 10% to 15%. The Office of the U.S. Trade Representative also said that on Oct. 1 the U.S. would hike tariffs on another $250 billion in Chinese imports from 25% to 30%.
'Our bigger enemy': Trump escalates attack on Fed chief
WASHINGTON (AP) — President Donald Trump has launched a furious and highly personal attack on the Federal Reserve and Chairman Jerome Powell. He fumed on Twitter that the Fed once more "did NOTHING!" And he asked who is "our bigger enemy" — Powell or China's leader. The outburst came after Powell, speaking to central bankers in Jackson Hole, Wyoming, gave vague assurances that the Fed "will act as appropriate" to sustain the expansion.
Billionaire conservative donor David Koch dies at 79
NEW YORK (AP) — Billionaire industrialist David H. Koch, who with his older brother transformed American politics by pouring their riches into conservative causes, has died at 79. Koch was a...
According to ongoing survey data from industry analyst firm IDC, cost control is a top business priority for small businesses. In an effort to help small business owners more easily plan for monthly expenses, CenturyLink (NYSE: CTL) has expanded its CenturyLink SIMPLE for Business™ portfolio of...