U.S. hits allies with tariffs as risk of trade war rises

U.S. hits allies with tariffs as risk of trade war rises

WASHINGTON/PARIS (Reuters) - The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.

Wall St. falls on fresh trade war fears; posts gains for May

NEW YORK (Reuters) - U.S. stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners.

U.S. consumer spending accelerates; job market strengthening

WASHINGTON (Reuters) - U.S. consumer spending posted its biggest gain in five months in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily.

Facebook says all directors elected, shareholder proposals rejected

BOSTON (Reuters) - All eight of Facebook Inc's director nominees were elected at its annual meeting on Thursday, and all six shareholder proposals urging reforms, including to its voting structure and content oversight, were rejected, company executives said.

Goldman says market activity ebbs in second quarter

(Reuters) - Goldman Sachs Group Inc President David Solomon said on Thursday that second-quarter market activity had decreased from the first quarter, when heightened volatility helped Wall Street banks record huge profits.

SoftBank joins GM in self-driving car race; GM shares soar

(Reuters) - Japan's SoftBank Group Corp will invest $2.25 billion in General Motors Co's autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker's leadership in self-driving cars and sent GM shares up more than 10 percent.

Walmart launches order-by-text service to challenge Amazon Prime

BENTONVILLE, Ark. (Reuters) - Walmart Inc is starting a new same-day delivery service where customers can place orders using a text message, another step in its effort to scale up its e-commerce offerings and compete with rival Amazon.com Inc .

Exclusive: Russia's Deripaska empire bets on mid-summer plan to escape U.S. sanctions

LONDON (Reuters) - The aluminium empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, the chairman of its holding company told Reuters.

Workers to vote on 'micro union' at Boeing South Carolina plant

NORTH CHARLESTON, S.C. (Reuters) - A small group of workers at Boeing Co's South Carolina jetliner factory is voting on Thursday on whether to form a "micro union," despite efforts by Boeing to challenge the election.

Icahn sells 10.5 million Herbalife shares back to company

BOSTON (Reuters) - Billionaire investor Carl Icahn, who sparred for years with short-seller William Ackman over the future of Herbalife Nutrition Ltd , on Thursday said he sold roughly $552 million worth of Herbalife stock back to the company, trimming his stake to 21 percent.

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