Why Apple will be able to thrive despite trade war
Apple's stock is helping lead U.S. stocks higher on Monday, buoyed by the possibility of re-opened trade negotiations with China.
Apple's stock is helping lead U.S. stocks higher on Monday, buoyed by the possibility of re-opened trade negotiations with China.
President Donald Trump's aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of U.S. companies that are most reliant on the world's second largest economy.
An Oklahoma judge on Monday ruled that Johnson & Johnson was liable for its part in fueling the opioid epidemic and ordered the drugmaker to pay $572 million following a trial in a lawsuit brought by the state's attorney general. J&J said it would appeal the decision.
Kraft Heinz Co's newly-appointed chief executive officer replaced finance chief David Knopf on Monday in what he said was a strategic decision, naming the more "seasoned" Paulo Basilio, after the company was forced to restate three years of results.
An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing addictive painkillers, and ordered the drugmaker to pay $572.1 million.
U.S. stocks rose on Monday, following a sharp sell-off in the prior session, after U.S. President Donald Trump predicted a trade deal with China, cooling investor concerns after a ramp-up in rhetoric derailed markets last week.
Japanese Prime Minister Shinzo Abe said on Monday stable relations between the United States and China are "very important" not just for these economies, but for the sake of the global economy.
A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations.
An Oklahoma judge on Monday will decide whether Johnson & Johnson should be held liable in a $17 billion lawsuit alleging the drugmaker's marketing practices fueled the opioid epidemic by flooding the market with painkillers.
Tesla Inc CEO Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday.
A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations, restoring some equilibrium following signs of escalation in the U.S.-China trade dispute that had roiled markets earlier in the day.
Asian shares sank on Monday as the latest salvos in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and gold, while slugging emerging market currencies.
U.S. electric vehicle maker Tesla Inc will on Friday raise its prices in China, earlier than planned, and is considering increasing prices again in December should Chinese tariffs on U.S.-made cars take effect, two people familiar with the matter said.
China's said it is ready to take more steps to protect its interests if the United States moves ahead in enacting new tariffs.
"I'm aghast we trust the People's Republic of China more than we trust the White House," says CNBC's Jim Cramer.