President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying that beginning Sept. 1, he will impose 10% tariffs on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion.
A Facebook executive on Tuesday defended the social network’s ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users’ data.
The chairman’s remarks led investors to send stock prices up, bond yields down and the value of the U.S. dollar lower on expectations of lower interest rates.
President Donald Trump complained Monday that President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China’s central bank while Trump must deal with a Federal Reserve that is “very destructive to us.”
A multifaceted effort by Mexico officials aims to get a compromise to avoid a 5% tariff proposed by President Donald Trump before a Monday deadline.
Despite pushback from business and Mexico, President Trump doubled down Friday on his threat to slap a 5% tariff on Mexican imports unless Mexico cracks down on migrants trying to cross the border.
Small and mid-size businesses want the federal government to follow through on a promise to rebuild the nation’s infrastructure — including roads, bridges and internet.
Federal privacy regulators received a sympathetic hearing from Congress on Wednesday for their request for greater powers and funding to police privacy.
Acting Attorney General Matthew Whitaker on Friday staunchly denied influencing the Justice Department’s recent reinterpretation of the federal WireAct — a move that could further restrict internet gambling.