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Renewed U.S.-China trade tensions push down Wall Street

12 min ago

Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment.

Investors seek safety on threat of wider U.S.-China spat

12 min ago

Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff after reports the United States has another Chinese tech firm in its sights.

Chip designer ARM halts work with Huawei after U.S. ban

12 min ago

British chip designer ARM has halted relations with Huawei in order to comply with a U.S. blockade of the company, potentially crippling the Chinese company's ability to make new chips for its future smartphones.

Fed's patience on interest rates to last 'for some time'

14 min ago

U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place "for some time," a further sign policymakers see little need to change rates in either direction.

Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

19 min ago

Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support to one day regulate the technology.

Lloyd's of London plans to merge governance bodies -source

41 min ago

Lloyd's of London is proposing merging two of its governance bodies, the council and the board which together oversee the insurance market, to reduce overlap, a source familiar with the matter said.

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

49 min ago

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices.

Canada, Europe to choose when 737 MAX is safe as regulators meet

1 hour ago

In a potential challenge to U.S.-led efforts to build consensus on the Boeing Co 737 MAX flying again, Canada and Europe said on Wednesday they would bring back the grounded aircraft on their own terms if their specific concerns are not addressed.

Oil loses about 2% on swelling U.S. stockpiles, demand worries

1 hour ago

Oil prices fell about 2% on Wednesday as an unexpected build in U.S. crude inventories compounded investor worries that a trade fight between Washington and Beijing could dent crude demand over the long haul.

Tesla drops for sixth straight session, down 20% since share offer

1 hour ago

Tesla shares extended their recent sell-off on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $175 million in the hole.

Factbox: Qualcomm's 'obstinance' needs monitoring - judge

1 hour ago

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices.

Citing Reuters report, health groups push tech firms to police tobacco marketing

1 hour ago

More than 100 public health and anti-tobacco organizations are calling on Facebook Inc, Instagram, Twitter and Snap Inc to take "swift action" to curb advertising of tobacco products on their platforms.

Fed's Kaplan says U.S. rates are on the right setting: FOX

1 hour ago

The U.S. economy should grow at a solid 2.25-2.50% rate this year, with inflation moving up to the Federal Reserve's target, putting rates in the right place, a top Fed official said on Wednesday.

T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say

1 hour ago

Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said.

GE needs to end infighting, fix quality, tighten management: CEO

1 hour ago

General Electric Co, once seen as the epitome of corporate greatness, is trying to end infighting between its divisions, tighten up management and fix quality problems in its products, Chief Executive Officer Larry Culp said on Wednesday.

Fed's Kaplan says U.S. is 'flirting' with yield curve inversion

2 hours ago

U.S. bond markets are "flirting" with a yield curve inversion that could signal slower economic growth ahead, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

2 hours ago

The U.S. Justice Department's antitrust division staff has recommended the agency block T-Mobile US Inc's $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter.

U.S. judge appoints Ken Feinberg mediator in mandated Bayer Roundup settlement talks

2 hours ago

A U.S. judge has appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG's glyphosate-based Roundup weed killer caused cancer.

Daimler CEO announces sweeping cost review as he bows out

2 hours ago

Daimler's Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz.

Philip Green's Arcadia to close UK stores, review U.S. in restructuring

2 hours ago

British retail tycoon Philip Green's Arcadia Group said on Wednesday it planned to close 23 of its 566 stores in the UK and Ireland in a major restructuring of the fashion business that could also see its Topshop/Topman stores close in the U.S..