News of a U.S. agreement with China to temporarily ease tariffs sent stocks soaring on Monday, with the major indexes rising more than 2% in early trading. The S&P 500 rose 153 points, or 2.7%, to 5,812 as of 11:05 EST, while the Dow Jones Industrial Average added 1,011 points, or 2.5%, to 42,261. Early […]
Dow soars 1,000 points after U.S. and China agree to slash tariffs Read More »
Stock futures soared after the U.S. and China on Monday announced a truce in their trade war by agreeing to suspend steep tariffs for 90 days. The U.S. reduced its levies on Chinese imports to 30% from as high as 145%, while China cut its tariffs on American goods to 10% from 125%. The agreement followed a
Stock futures soar after U.S. and China suspend tariffs for 90 days Read More »
Marquee at the main entrance to the FOX News Headquarters at NewsCorp Building in Manhattan. Erik Mcgregor | Lightrocket | Getty Images Fox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the National Football League season later this year. Fox CEO Lachlan Murdoch unveiled the name and timing of
Fox streaming service to be called Fox One, launch before NFL season Read More »
The U.S. and China have agreed to a temporary but significant easing of the tariffs imposed over the last couple months, the country’s said in a joint statement shared by the White House, heralding significant success in trade negotiations that ramped up over the weekend. In the joint statement released early Monday morning, the two
U.S. and China agree to major 90-day easing of tariffs as talks progress Read More »
Beth Benike is a mom, a veteran, and a small business owner – and she’s sounding the alarm. “I’ve been telling all of my friends and family that anything you want for Christmas, to get it right now, especially if you’re buying for children. If you are buying any baby products at all, get them
Small business owners on damage from Trump's tariffs Read More »
How Trump’s tariffs jeopardize small businesses – CBS News President Trump’s sudden and unpredictable tariffs have caused tremendous concerns among small business owners, whose livelihoods are now in jeopardy. Correspondent Jo Ling Kent talks with Marissa Held-Nordling, who fears she will soon be unable to stock her children’s boutique in Minnesota; and Beth Benike, named
How Trump's tariffs jeopardize small businesses Read More »
The road toward more driverless cars – CBS News Waymo operates self-driving taxis in four cities, and is soon expanding to a dozen more, as Tesla and Amazon have had delays with their robo-taxi services. But the Google-owned Waymo must still overcome resistance from the public over stepping into an autonomous vehicle. Correspondent David Pogue
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Michelle Monaghan, Leslie Bibb, and Carrie Coon in ‘The White Lotus’ on HBO. Courtesy: Fabio Lovino | HBO Media companies are staring down widespread economic uncertainty as their annual pitch to advertisers and marketers kicks off. This week legacy entertainment giants including Comcast’s NBCUniversal, Fox Corp. and Warner Bros. Discovery will stage presentations to ad buyers
Trump's trade war is giving renewed importance to advertising Upfronts Read More »
Rich Trumka Jr., a commissioner of the Consumer Product Safety Commission until he was fired by President Trump on Thursday, said in a letter that his dismissal is illegal and that he plans to fight the action. “See you in court, Mr. President,” Trumka wrote in a May 9 social media post that included a
Fired CPSC commissioner tells President Trump, "See you in court" Read More »
Chinese exports to the U.S. plunged in April, as steep tariffs on China make it too costly for many U.S.-based retailers to import goods from the country. President Trump ratcheted up his trade war with Beijing in April, hiking tariffs on Chinese goods to up to 145%. China retaliated with 125% levies on Americans goods.
Chinese exports plunge as U.S. retailers cancel orders over tariffs Read More »
