Reuters: Business News
- Trump's Dec. 15 China tariffs threaten a long list of Christmas favorites December 10, 2019U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
- U.S., Canada and Mexico reach agreement - again - to replace NAFTA December 10, 2019Top officials from Canada, Mexico and the United States signed a fresh overhaul of their quarter-century-old regional trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.
- Senate Democratic leader Schumer 'waiting to see the writing' on USMCA December 10, 2019Senate Democratic leader Chuck Schumer said on Tuesday he would wait to see the written form of the U.S. Mexico Canada trade pact before making a determination on it.
- Pelosi to speak on USMCA as officials close in on trade deal December 10, 2019U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement.
- Global stocks, government debt flat as U.S.-China trade deadline looms December 10, 2019Government debt and global stock markets held steady on Tuesday as uncertainty kept risk appetite in check days ahead of the Dec. 15 deadline for a new round of U.S. tariffs on Chinese imports.
- Deutsche Telekom CEO denies T-Mobile/Sprint deal will reduce competition December 10, 2019T-Mobile US Inc and Sprint Corp did not pursue a merger in order to reduce price competition in the U.S. wireless market, the chief executive of Deutsche Telekom, T-Mobile's majority shareholder, testified on Tuesday in federal court in Manhattan.
- Wall Street flat as tariff deadline nears December 10, 2019Wall Street's main stock indexes were little changed on Tuesday, hovering near record highs, as investors awaited concrete news on whether U.S. tariffs on Chinese imports would take effect on Dec. 15, a potential turning point in the two countries' trade dispute that has convulsed markets.
- Powell's 'half-full' U.S. glass sturdy but still at risk for spills as Fed meets December 10, 2019Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks.
- Exxon Mobil scores win in New York climate change lawsuit December 10, 2019Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation.
- McConnell says Senate will not take up USMCA next week December 10, 2019Senate Majority Leader Mitch McConnell said on Tuesday the U.S. Senate would not take up the USMCA trade deal next week before congressional recess.
- Peloton tumbles over 6% after short seller warns of competition December 10, 2019Shares of Peloton Interactive tumbled over 6% on Tuesday after noted short seller Andrew Left valued the seller of stationary exercise bicycles at about one seventh of its recent stock price.
- Lighthizer says U.S. is invested in Mexico's success as countries sign trade deal December 10, 2019U.S. Trade Representative Robert Lighthizer stressed that the United States has a stake in Mexico's success as representatives from the United States, Mexico and Canada gathered in Mexico City on Tuesday to sign modifications to the United States-Mexico-Canada Agreement, a new trade pact.
- Amazon issues fix after some Blink home cameras found vulnerable to hacking December 10, 2019Amazon.com Inc said on Tuesday it had issued a fix to rectify security flaws in certain of its Blink home camera systems after a cyber security firm found vulnerabilities that could let hackers hijack the device.
- U.S. senators threaten Facebook, Apple with encryption regulation December 10, 2019U.S. senators grilled Apple Inc and Facebook Inc executives over their encryption practices on Tuesday and threatened to regulate the technology unless the companies make encrypted user data accessible to law enforcement.
- Exxon wins climate change lawsuit, as cases over global warming proliferate December 10, 2019Exxon Mobil Corp on Tuesday scored a win in a closely-watched case after a judge ruled that the company did not hide the true cost of climate change regulation from investors.
- Netflix could lose four million U.S. subscribers in 2020: brokerage December 10, 2019Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year.
- U.S. third-quarter labor cost growth cut; productivity soft December 10, 2019Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame in the near term.
- Pelosi: revised USMCA pact much improved from initial Trump version December 10, 2019The revised United States Mexico Canada trade agreement reached between House Democrats and the White House improves U.S. President Donald Trump's initial deal with new provisions targeting the environment and other areas, House Speaker Nancy Pelosi said on Tuesday.
- Exclusive: Malaysia's Mahathir hopeful of 1MDB settlement with Goldman soon December 10, 2019Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon, but that compensation of "one point something billion" dollars offered by the bank was too small.
- Deutsche paints gloomy picture at investor gathering December 10, 2019Deutsche Bank pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany's biggest lender to revive its fortunes against a gloomy economic backdrop.