Company Overview and News

 
Stocks sink after Trump cancels North Korea summit

2018-05-25 money.cnn
The Dow lost as much as 250 points, or about 1%, on Thursday after the White House scrapped the June 12 meeting in Singapore. The S&P 500 and Nasdaq fell nearly 1% apiece. All three major indexes rebounded before long and were down just modestly by early afternoon.

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U.S. auto import probe fans tariff fears, riles Asia, Europe

2018-05-25 reuters
(Reuters) - A U.S. threat that it may introduce tariffs on foreign auto imports drew strong criticism on Thursday from the country’s main business lobbying group, which warned of a “staggering” blow to the industry and the prospect of a global trade war.

 
U.S. Auto Tariff Risk Put These ETFs and Stocks in Focus

2018-05-25 zacks
Adding fuel to the ongoing trade tensions, the Trump administration has initiated a national security investigation into auto imports that may result in fresh tariffs. And U.S. President Donald Trump’s urging that any deal would need “a different structure” has stirred global trade worries all over again.

 
Wall Street dips as Trump cancels North Korea summit

2018-05-25 thehindubusinessline
A decline in energy shares following lower oil prices also weighed on the market, with the S&P energy index ending down 1.7 per cent.

 
Wall Street dips after Trump cancels North Korea summit

2018-05-25 moneycontrol
US stocks ended down slightly on Thursday after President Donald Trump canceled a planned summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports, though losses were limited by gains in Netflix and General Electric.

 
Wall Street dips after Trump cancels North Korea summit; Netflix gains

2018-05-25 channelnewsasia
Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street's main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.

 
US auto import probe fans tariff fears, riles Asia, Europe

2018-05-25 channelnewsasia
A Trump administration investigation of car and truck imports raised the threat on Thursday of renewed conflict over trade policy for an industry that thrives on stability and sent stocks in Asian and European automakers down.

 
Car imports probe gives GM, Ford shares tiny lift

2018-05-25 channelnewsasia
Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions.

 
UAW accuses Musk of threatening Tesla workers over unionization

2018-05-25 channelnewsasia
The United Auto Workers International Union (UAW) has filed a complaint accusing Tesla Inc Chief Executive Elon Musk of illegally threatening to take away benefits from workers who join the union.

 
Elon Musk’s pay deal gets copycat in pitch for Taser-maker CEO

2018-05-23 thestar
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China Cuts Auto Tariffs: ETF & Stocks Set To Soar

2018-05-23 zacks
As testimony to easing trade tensions with the United States, China slashed import tariffs for automobiles and car parts effective Jul 1. The import duties have been reduced from 25% to 15% for vehicles and from 10% to 6% for auto parts including bumpers, doors, and seat belts. The auto tariff is still higher than the 2.5% U.S. charges on imported cars but less than the 25% charged by Washington on imported pickup trucks (read: Auto ETFs & Stocks Worth Buying Despite Weak April Sales).

 
Lingering limbo: Businesses uncertain about tax law impact

2018-05-23 nzherald.co.nz
NEW YORK (AP) — Five months after massive federal tax changes became law, many small business owners still don't know whether they'll be winners or losers.

 
Stock Market News For May 23, 2018

2018-05-23 zacks
Markets ended lower on Tuesday erasing early gains, after President Donald Trump said that he wasn’t satisfied with the progress of United States-China trade talks. Moreover, Trump also said that the highly awaited summit between the United States and North Korea might not happen at all.

 
US Automakers Offer Few ‘Cool’ Cheap Cars — for Now

2018-05-23 247wallst
Given the popularity of pickups and sport utility vehicles in the United States since the price of gasoline dropped sharply, along with the price of oil, a few years ago, it is little wonder that U.S. automakers are not well represented on Kelley Blue Book’s latest list of the 10 coolest cars under $20,000 for 2018.

 
Wall Street slips on US-China trade talk uncertainty

2018-05-23 thehindubusinessline
The Dow Jones Industrial Average fell 178.88 points, or 0.72 per cent, at 24,834.41, the S&P 500 lost 8.57 points, or 0.31 per cent, to 2,724.44 and the Nasdaq Composite dropped 15.58 points, or 0.21 per cent, to 7,378.46.

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