U.S. to deny tariff relief for Apple Mac Pro parts from China: Trump
U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on its Chinese-made parts for its Mac Pro computer.
U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on its Chinese-made parts for its Mac Pro computer.
The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury's holdings in the two firms. [L2N24J0YC]
President Donald Trump's administration faces a growing list of hurdles that could scuttle its ambitions to remove U.S. mortgage giants Fannie Mae and Freddie Mac from their government lifeline.
A new licensing process for legal cannabis producers in Canada limits the ability of smaller companies to attract investment, which could leave the fledgling industry dominated by companies with deep pockets or those who got a foot in the door prior to regulation changes in May, industry executives said.
The Australian Competition and Consumer Commission has found, after an 18-month investigation, that Google and Facebook hold enormous power in the country's online advertising and news distribution markets, and that antitrust and privacy laws have not caught up to the real world.
Asian share prices dropped on Friday following mixed U.S. earnings reports and after the European Central Bank disappointed those investors who had expected an immediate easing while the euro held above two-year lows struck overnight.
Oil prices edged higher on Friday on worries about Middle East tensions, offset by a flagging global economic growth outlook amid the U.S.-China trade war.
French carmaker Renault on Friday cut its 2019 revenue outlook, on the back of falling demand and tough conditions within the automotive industry.
Chinese authorities investigating FedEx Corp suspect the U.S. delivery company illegally withheld more than 100 packages of Huawei Technologies and that it also violated other laws, state news agency Xinhua reported on Friday.
The U.S. economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment.
Australia said it would establish the world's first dedicated office to police Facebook Inc and Google as part of reforms designed to rein in the U.S. technology giants, potentially setting a precedent for global lawmakers.
The tax man knows that you're quietly trading virtual currency, and now it's time to pay the piper.
Dish Network's bid to become a fourth U.S. mobile carrier may cost billions more than it expected and pits it against corporate giants, but the satellite TV provider has an advantage in starting fresh, with no legacy technology to maintain, and deep-pocketed potential partners are standing by.
Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.
T-Mobile US said on Friday that the cost required to acquire smaller rival Sprint will come down by 10 percent from the initial $26.5 billion following the divesture of assets to Dish Network.