China Says It Will Match 25% Tariff on $16 Billion of US Goods Aug. 23
China confirmed that it will impose 25% additional tariffs on $16 billion worth of imports from the United States from Aug. 23, matching an earlier move from Washington in another ratchet higher for the trade war between the nations.
August 8, 2018Elon Musk Considers Taking Tesla Private
Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker.
August 8, 2018Existing-Home Sales Rise for First Time in Three Months
Contract signings to purchase previously owned U.S. homes rose for the first time in three month in June, data from the National Association of Realtors showed.
July 30, 2018Uber Crash Is Nightmare Driverless World Feared but Expected
Waymo recently showed a video of people riding in its self-driving minivans. They thumbed their phones, yawned and one snoozed. he message: Driverless cars are so safe, they’re boring.
March 20, 2018Caterpillar Boosts Its Outlook as the Global Recovery Gains Traction
Caterpillar Inc. is strengthening its forecast for a first annual sales increase in five years, thanks largely to construction in China.
July 25, 2017Oil Steadies Amid Mixed Signals on US Crude Inventories
Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to show a decline.
July 19, 2017Mining Companies Looking at New Fleets, Could Use Autonomous Trucks to Save Millions
Mining companies in Australia, the world’s biggest exporter of iron ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant, Komatsu Ltd.
July 17, 2017Cosco Shipping Offers $6.3 Billion to Buy Orient Overseas
Cosco Shipping Holdings Co. offered $6.3 billion to acquire the container carrier controlled by former Hong Kong Chief Executive Tung Chee-hwa’s family in a deal that would catapult the mainland Chinese group into world’s third-largest shipping line
July 10, 2017World’s Largest Container Line Hit By Global Cyber Attack
Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.
June 28, 2017Amazon to Acquire Whole Foods for $13.7 Billion
Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries.
June 16, 2017