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Auto industry lines up against possible U.S. tariffs

WASHINGTON (Reuters) - The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed. Read More

 

Business News

Economic News

  • New round of U.S.-China trade talks begins Tuesday

    WASHINGTON (Reuters) - A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday.

  • Auto industry lines up against possible U.S. tariffs

    WASHINGTON (Reuters) - The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.

  • UK manufacturers warn of 'catastrophic' no-deal Brexit

    LONDON (Reuters) - Britain faces the "catastrophic prospect" of a no-deal Brexit next month due to the selfishness of some politicians and chaotic parliamentary proceedings, the head of the country's main manufacturing association said on Tuesday.

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Money News

  • Big hedge funds dumped China stocks, Apple as market tumbled

    NEW YORK (Reuters) - Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday.

  • Prominent investors stock up on eBay, then activists flex muscle

    NEW YORK (Reuters) - EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.

  • Jeff Vinik offers fee cuts to help bring in cash for new fund

    NEW YORK (Reuters) - Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on the sidelines.

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