Don’t worry, they’d still be doing just fine. That’s not to say the uber wealthy wouldn’t get torched by Elizabeth Warren’s tax plan, but even if her proposal were in place for decades, the fortunes of men like Amazon’s AMZN, -0.86% Jeff Bezos and Microsoft MSFT, +1.29% founder Bill GatesRead More →
U.S. stock futures weakened on a holiday Monday as tariffs on Chinese goods went into effect. With stock exchanges closed for Labor Day, futures on the S&P 500 ES00, -0.30% fell 6.6 points, or 0.2%, to 2918.20, while futures on the Dow Jones Industrial Average YM00, -0.51% dropped 114 points,Read More →
Asian markets were a mixed bag Monday as the latest round of tariff hikes in the U.S.-China trade war took effect. U.S. tariffs on $112 billion of Chinese goods were raised from 10% to 15% effective Sunday, and China responded by raising tariffs on some U.S. goods. Additional tit-for-tat tariffRead More →
ZURICH (Reuters) – German airline Lufthansa (DE:) expects passenger numbers to rise about 4% this year, its chief executive told a newspaper, playing down talk that public support for teenage climate activist Greta Thunberg might be curbing air travel. “At this time we don’t see restraint – in fact, theRead More →
Are you being underpaid? Sharing pay data is probably the easiest way to ensure every employee gets the same pay for the same job. But new research suggests that employers may claw back those gains made by underpaid staff over time. Economists from the University of Toronto, Princeton University andRead More →
Bloomberg President Donald Trump on Friday said there wasn’t a need to “rush” trade talks with China, after a midnight deadline passed and tariffs increased on $200 billion in Chinese imports. ‘CONGENIAL’ TALKS After increased tariffs took effect early Friday, Trump said talks between the U.S. and China were continuingRead More →
Suppliers to Boeing Co. are struggling to navigate uncertainty arising from the continued grounding of the company’s 737 Max aircraft. Reliant on Boeing orders, executives of the 600-plus companies that supply more than 3 million parts to make the beleaguered jet are bracing for potential changes to production levels shouldRead More →
The outsize success of ‘Fortnite’ has begun to punish the world’s largest videogame makers. Electronic Arts Inc. EA, -13.31% stock plunged 13.3% Wednesday, and Take-Two Interactive Software Inc. TTWO, -13.76% shares plummeted 13.8% after both publishers predicted worse financial performance in the current quarter than expected. Other videogame makers sufferedRead More →
Amid investor uncertainty about the state of China’s economy and the effect of trade tensions, Alibaba Group Holding Ltd. will provide its take about consumer spending in the country Wednesday. The Chinese e-commerce giant is due to report fiscal third-quarter results before the market opens Wednesday. The company’s holiday-period resultsRead More →
