U.S. FTC chief says prepared to break up big tech firms: Bloomberg

(Reuters) – U.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons said on Tuesday in an interview to Bloomberg, as the agency anti-competitive practices in the sector. Simons said in the interview that breaking up a company is challenging, but could be the right remedy to rein […]

Read more

Apple drives Wall Street higher as U.S. delays some tariffs

(Reuters) – U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc. The administration also excluded video game consoles and certain items of footwear and clothing from the 10% tariff, scheduled to […]

Read more

Trump to announce EU beef trade deal Friday: economic adviser Kudlow

WASHINGTON (Reuters) – U.S. President Donald Trump will announce a deal on Friday to sell more American beef to Europe, White House economic adviser Larry Kudlow said, marking a modest win for an administration that remains mired in a trade war with China. Kudlow told reporters that a scheduled announcement on trade with the European Union at 1:45 p.m. (1745 […]

Read more

Wall Street drops on new trade worries, Fed; Apple eyed

NEW YORK (Reuters) – U.S. stocks slipped on Tuesday after a warning from President Donald Trump to China pressured technology shares, while investors looked to an expected interest rate cut at the conclusion of the Federal Reserve’s monetary policy meeting. The three major U.S. stock indexes were in the red, pressured by consumer discretionary and technology stocks. As trade talks […]

Read more

Police fire teargas to break up massive protests demanding Puerto Rico governor resign

SAN JUAN (Reuters) – Police in San Juan fired tear gas on Monday night to disperse thousands of protesters demanding Puerto Rico’s governor resign over offensive chat messages, the latest scandal to hit a bankrupt island struggling to recover from 2017 hurricanes. Police moved in at around 11 p.m. to break up protesters still on the streets of San Juan’s […]

Read more

U.S. Congress, White House near deal on spending, debt limit: source

WASHINGTON (Reuters) – U.S. congressional and White House negotiators are close to a deal to extend the Treasury Department’s borrowing authority until July 31, 2021 and establish spending caps on a range of federal programs, a source close to the talks said on Monday. Details were still being worked out, according to the source, who said negotiators were aiming to […]

Read more
1 2 3 36