 | | | | One influential analyst called Amazon.com's reported interest in the U.S. wireless market "batshit crazy." Another said it was a "trojan horse" to kill off the big wireless players. | | | | | | U.S. stocks dropped on Friday, as the S&P 500 closed out the month with its biggest May slump since 2010, after President Donald Trump's surprise threat of tariffs on Mexico fueled fears that a trade war on multiple fronts could lead to a recession. | | | | | | Mexico's president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico's economy. | | | | | | Global equities tumbled and safe-haven sovereign bonds surged Friday after U.S. President Donald Trump's unexpected threat of tariffs on Mexican goods added to fears that escalating trade wars will push the U.S. and other major economies into recession. | | | | | | Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a new "space race," four people familiar with the matter said on Friday. | | | | | | U.S. House Speaker Nancy Pelosi, the top Democrat in Washington, on Friday said President Donald Trump was "sowing chaos over the border" with his threat to slap tariffs on Mexican imports, and she called on him to work with Congress on immigration reform. | | | | | | When President Donald Trump decided to raise tariffs on Chinese imports earlier this month, Francis O'Brien was left with no choice but to add a 4% fee on every item of furniture he sells. | | | | | | Canada's Digital Charter lacks sufficient legal enforcement power to effectively protect privacy and regulate use of personal data, according to critics worried that a smart city project in Toronto by Alphabet's Sidewalk Labs unit could be misused for mass surveillance. | | | | | | Mexico's Foreign Minister Marcelo Ebrard said on Friday that he had started negotiating with officials in Washington after U.S. President Donald Trump threatened to impose tariffs on imports of Mexican products. | | | | | | The U.S. Federal Reserve's hesitance to react to world trade tensions may have been dealt a fatal blow Friday by President Donald Trump's surprise announcement of new tariffs on Mexico, levies that could slam investment and business confidence and leave little doubt the administration's combative stance is here to stay. | | | | | | Oil giant Chevron Corp said on Friday the imposition of new tariffs may lead to retaliation by Mexico impairing the development of that nation's recently opened market for imports of U.S. gasoline and diesel. | | | | | |
