U.S. Blacklists Huawei Amid Escalating Trade Dispute With China
Huawei and 70 affiliates were placed on the U.S. trade blacklist.
China Raises Tariffs on $60 Billion of U.S. Goods
The increased tariffs are in retaliation for the Trump administration’s latest decision to increase duties on Chinese products.
Global Auto Sales to Fall More Than Expected
S&P Global Ratings had previously forecast modest growth in China and Europe.
U.S. Trade Gap Jumps 12.5% to 10-Year High
President Trump's tariffs haven't closed the trade gap with China, which rose 11.6% to a record $419 billion in 2018.
Alibaba Boosts Stake in Chinese Bank to 4.8%
The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.
Trump Taps Treasury Official as World Bank Head
David Malpass has criticized the bank's lending policies, raising concerns that he has been selected to push "a U.S.-policy-driven agenda.”
Pricey Pickups Power GM Earnings in Q4
Strong sales of high-margin pickups and small SUVs fueled an earnings beat for GM despite weak demand in China.
Apple’s iPhone Sales Fall 15%, Wearables Up
After years of expansion and record-setting profits, Apple “appears to be entering a period of vulnerability.”
U.S. Charges Huawei CFO With Iran Fraud
Meng Wanzhou allegedly deceived banks into processing transactions for an "unofficial subsidiary" that did business in Iran.
Caterpillar Earnings Miss Amid China Downturn
The company's shares fell more than 9% as it forecast "roughly flat" construction sales growth in China this year.
Starbucks Same-Store Sales Pick Up Steam
The coffee chain posts a third straight quarter of accelerating sales growth, indicating its streamlining efforts are paying off.