Tuesday, 4 September 2018

U.S. apple farmers afraid they will be hurt by U.S.-China trade battle

Reuters.com Newsletter

U.S. apple farmers afraid they will be hurt by U.S.-China trade battle

Apple farmers across the U.S. Northwest fear they will be the next victims of a U.S.-China trade war that left cherry growers in the same region with weak prices and having to scramble for alternative buyers because of prohibitive Chinese tariffs.

Kaepernick ads spark boycott call but Nike seen benefiting

Protesters burned their Nike shoes, investors sold shares and some consumers demanded a boycott after the footwear and apparel maker launched an advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked a national controversy by kneeling during the national anthem.

Amazon, Berkshire, JPMorgan's healthcare venture names COO

The newly formed healthcare venture of Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co on Tuesday hired Jack Stoddard as chief operating officer.

Mercedes unveils electric car in direct German challenge to Tesla

Mercedes showed on Tuesday how it is "aggressively" gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm.

Wall Street ends lower on lingering trade worries

U.S. stocks fell on Tuesday as trade concerns lingered and declines in Facebook and Nike shares weighed on Wall Street's major indexes, though data showing U.S. manufacturing activity accelerated in August kept losses in check.

Top U.S. regulator calls for 'reset' in relations with other countries

How the United States supervises cross-border derivatives is flawed and needs resetting to avoid fragmenting markets and placing undue burden on companies, a top U.S. regulator said on Tuesday.

Oil steady ahead of Storm Gordon; weighed by dollar, Cushing build

Oil prices were little changed on Tuesday, as energy infrastructure on the U.S. Gulf Coast braced for a hurricane, but gains were capped as a stronger dollar and report of rising stockpiles at the Cushing, Oklahoma hub weighed.

Emerging markets under pressure as dollar rises

Stocks fell in major markets around the world on Tuesday and emerging markets currencies lost ground while the U.S. dollar rose as investors looked for safety as they braced for an escalation in the U.S.-China trade conflict.

Twitter CEO to defend company before Congress against bias claims

Twitter Inc Chief Executive Jack Dorsey will tell Congress on Wednesday the company "does not use political ideology to make any decisions," according to written testimony made public on Tuesday.

JD.com shares fall after CEO's arrest and release

Chinese retailer JD.com Inc's stock fell as much as 7 percent on Tuesday, hitting an 18-month low after the company's chief executive officer was arrested in the United States on suspicion of criminal sexual conduct and later released.

Amazon joins $1 trillion club, on pace to overtake Apple

Amazon.com Inc on Tuesday joined Apple Inc to become the second $1 trillion publicly listed U.S. company after its stock price more than doubled in a year as it grew rapidly in retail and cloud computing.

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