Another foodservice worker in Kentucky has been confirmed infected with the hepatitis A virus, but this time a McDonald’s location is implicated and the customers who ate and drank there are not the only people at risk. The fast food giant’s shareholders saw their stock dip with the news. Madison County (Kentucky) Health Department officials […]

NEW YORK – Oil prices edged off highs last reached in late 2014, pressured by a stronger dollar, but crude futures still drew support from mounting political tension in the Middle East and shrinking global oil inventories. Brent crude futures were at $71.67 a barrel at 11:48 a.m. EDT (1548 GMT), down 39 cents. U.S. […]

BOSTON  – JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked “pretty good” and that there was no law that says growth cannot continue. But there will be a downturn at some point, Dimon told the John F. Kennedy Jr. Forum at Harvard University. Asked to assess the chances the […]

Because short car trips are costing it a fortune—and riders might be seduced by a bicycle with some extra oomph. There’s a joke that every startup is answering the question “What is my mom no longer doing for me?” (Giving me a ride, doing my laundry, you get the idea.) Subtext: Silicon Valley is teeming […]

Xi Jinping should avoid responding to U.S. tariffs by punishing markets. China’s global financial ambitions would be among the casualties. Many of the proposals or suggestions on how China might respond to U.S. tariffs have the air of “Surrender or I will shoot myself in the foot.” They may not only hurt China, but damage […]

If the Trump administration wins some concessions from China in the latest trade dispute, it could be a boost to U.S.-based multinationals. “The upside could be big because business as usual wasn’t getting the job done in opening up the market in China,” said Daniel Rosen, founder and China director of research and consulting firm […]

Shares slump almost 50% as investors fret over firm’s outlook U.S. actions may have ‘materially adverse’ impact on company The giant aluminum producer owned by Russian billionaire Oleg Deripaska plunged 50 percent in Hong Kong trading after U.S. sanctions cast doubt on the future of the company’s banking and trading relationships. Prices of the metal, vital for […]

The U.N. secretary-general and the Singaporean foreign minister voiced concerns about global trade tensions and rising protectionism during back-to-back meetings in Beijing on Sunday. Following remarks from his Chinese counterpart, Singaporean Foreign Minister Vivian Balakrishnan vowed to “double-down” on free trade and economic liberalization in tandem with China. “This is a time in the world […]

Stocks tumbled Friday as trade tensions between the United States and China heated up. The Dow closed down 572 points, a drop of 2.3%, after President Trump threatened to escalate a confrontation with China over trade. It fell as much as 767 points earlier in the day. The S&P 500 and the Nasdaq each declined […]

The Dow on Wednesday rebounded from a more than 500-point plunge to close 231 points higher in another rocky trading day, as Wall Street bet that tariff threats and tough talk on trade from China and the Trump administration was likely a negotiating tactic and that the sides would eventually reach a deal to avoid a trade war. The Dow Jones […]