Trump threatens 10 percent tariff on remaining Chinese goods
The White House says a 10 percent tariff will apply to about 300 billion in Chinese imports starting Sept 1 as talks in Shanghai with U S negotiators end without a deal. Beijing has retaliated on 110 billion in U S goods while concerns rise over consumer prices this fall.
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Paul Wiseman
Kevin Freking
Josh Roak
Associated Press
Washington
Donald Trump
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Beijing
U.S
Trump
White House
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United States
Trade worries sink stocks as Trump imposes new 10 percent tariff
Markets slumped after President Trump announced a 10 percent tariff on $300 billion of Chinese goods starting Sept. 1, erasing a broad rally. Bond yields fell while oil dropped almost 8 percent. strong tech names like Best Buy and Apple led declines as traders priced in slower growth and renewed trade tensions.
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EnCanag
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Micront
Amber
Microsoft
Nabors
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Doe
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Flagship stores lose their shine on high streets
The era of flagship flagship stores on Madison Avenue and Magnificent Mile wanes as rents rise and online shopping grows. Brands like Gap and Polo Ralph Lauren pull flagship closures while Nike and Levi's redefine large stores. Barneys risks bankruptcy amid a shrinking luxury corridor market.
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Market Summary: Stocks Slip Across NYSE and Nasdaq
Market activity shows NYSE and Nasdaq indices down, reflecting cautious trading after a mixed prior session. Investors weigh corporate results and economic data as declines spread across major sectors.
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