Costco Shares Drop on 4th Quarter Sales Miss
The stock had risen 42% this year as the warehouse retailer benefited from strong consumer spending.
U.S. Gets OK to Put up to $7.5B in Tariffs on EU
The World Trade Organization rules the U.S. can retaliate for illegal subsidies to Airbus, possibly escalating trade tensions.
Consumer Spending Rises Only 0.1% in August
With income outpacing expenditures, consumers may have "a good amount of cushion to sustain spending if or as the economy slows."
Fed to Cut Rates Again This Year, S&P Predicts
Another cut in December is "contingent upon an escalation in trade tensions, further weakness in global growth, and increased geopolitical tensions."
U.S.-China Trade War Rattles Markets
China said it was adding tariffs on billions of products while President Trump said U.S. companies should seek ‘an alternative’ to China.
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.
U.S. Trade Policy Fails to Reshore Manufacturing
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
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.
U.S. Proposes $4B More European Tariffs Over Aircraft Subsidies
As part of the long running Airbus-Boeing dispute, the U.S. Trade Representative is considering tariffs on 89 additional items.
Consumer Confidence Drops Sharply in June
“The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence," the Conference Board says.
Companies Scramble to Ease Impact of China Tariffs
Those surveyed by KPMG have employed various strategies to reduce the added cost.