PayPal Investment Positions It for China Entry
The company will become the first foreign platform to offer digital payment services in China by acquiring 70% of a domestic provider.
Flurry of SEC Cases Disclosed
With its fiscal year-end looming, the SEC disclosed charges and settlements against seven different organizations in two days.
Business Executives’ Optimism in U.S. Economy Lowest in Three Years
The drop is due in part to trade concerns and fears of a sustained global slowdown.
Powell Says Fed Grappling With Trade Uncertainty
“There are no recent precedents to guide any policy response to the current situation," the Federal Reserve chairman warns.
Germany’s Economy Shrinks as Exports Struggle
The country is feeling the effects of trade conflicts and global uncertainty.
Cisco Warns of Soft Growth Amid Trade Tensions
“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
Latest Tariff Threat Could Be ‘Gut Punch’ for Apple
Analysts warn of a hit to earnings and iPhone demand if President Trump follows through with a 10% tariff on Chinese goods.
Alibaba Seeks Share of U.S. B2B E-Commerce
Alibaba's move to open its platform to U.S. sellers puts it "in direct competition with Amazon in the business-to-business online marketplace."
SAP Software Sales Dip in Asia Amid Trade Feud
"Trade-related uncertainty in Asia impacted our software revenue performance in the region," CFO Luka Mucic says.
Survey Sees Cautious Investor Sentiment
Institutional investors and analysts express concerns on geopolitical tensions and a slowing global economy.
China Posts Lowest Economic Growth in 27 Years
The country’s economy experienced a significant slowdown as it faces trade tensions with the United States.