Monthly Archive: August 2018

Apple will repair defective iPhone 8 logic boards for free 0

Apple will repair defective iPhone 8 logic boards for free

We haven’t seen reports of widespread problems with the iPhone 8, but Apple revealed late Friday that it’s opening a Logic Board Replacement Program. According to the company “a very small percentage” of phones...

From kayaks to fitness trackers, the latest round of China tariffs will cost US consumers more 0

From kayaks to fitness trackers, the latest round of China tariffs will cost US consumers more

Breast Pumps and Car Seats “A product marked as originating in China actually reflects manufactured and other inputs coming from the United States and many other countries. Increasing the costs of these inputs will...

Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods 0

Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods

A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest...

‘We don’t like the trade war,’ says one of China’s biggest carmakers 0

‘We don’t like the trade war,’ says one of China’s biggest carmakers

Geely Automobile, the third-largest carmaker in China, has been largely shielded from the ongoing trade tensions between Beijing and Washington. But the company could still be hit in other ways if the dispute drags...

The US stock market will be the next to ‘give in,’ strategist warns 0

The US stock market will be the next to ‘give in,’ strategist warns

Still, some strategists insist that the U.S. will always outperform its peers, and that to sell American assets at this time is irresponsible. Ian Harnett, chief investment strategist at London-based Absolute Strategy, is one...

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US-listed Chinese stocks fall after Alibaba disappoints

Shares of major Chinese tech companies fell in New York trading after tech conglomerate Alibaba reported adjusted quarterly earnings that missed expectations. The company also warned in an earnings call that profit growth may...

US industry leader on tariffs: ‘Prices will go up, sales will go down, jobs will be lost’ 0

US industry leader on tariffs: ‘Prices will go up, sales will go down, jobs will be lost’

U.S. tariffs on Chinese imports will simply mean that American consumers have to pay higher prices for products down the road, an industry association leader said on Friday. “We’re having some serious problems with...

Trade war: One Chinese factory says it’s fighting to ‘survive’ in the wake of Trump’s tariffs 0

Trade war: One Chinese factory says it’s fighting to ‘survive’ in the wake of Trump’s tariffs

Mark Wang, the owner of a Chinese factory, is in a state of limbo these days thanks to President Donald Trump’s trade war. The 20-year veteran of the country’s gift industry said he received...

There’s a very high probability we’re in the end game for dollar strength, strategist says 0

There’s a very high probability we’re in the end game for dollar strength, strategist says

Mike Bell, investment strategist at J.P. Morgan Asset Management, told CNBC on Friday that there are factors pulling in both directions making the dollar hard to call. “On a rate differential basis, you’d expect...

Canada to rejoin NAFTA talks once US, Mexico resolve issues, Canadian foreign minister says 0

Canada to rejoin NAFTA talks once US, Mexico resolve issues, Canadian foreign minister says

Mexico and the United States need to resolve complicated bilateral issues before modernization of the North American Free Trade Agreement (NAFTA) can move forward, Canadian Foreign Minister Chrystia Freeland said on Friday. Freeland said...