U.S. stocks dropped on Friday, as the S&P 500 closed out the month with its biggest May slump since 2010, after President Donald Trump's surprise threat of tariffs on Mexico fueled fears that a trade war on multiple fronts could lead to a recession.
Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a new "space race," four people familiar with the matter said on Friday.
U.S. House Speaker Nancy Pelosi, the top Democrat in Washington, on Friday said President Donald Trump was "sowing chaos over the border" with his threat to slap tariffs on Mexican imports, and she called on him to work with Congress on immigration reform.
Mexico's Foreign Minister Marcelo Ebrard said on Friday that he had started negotiating with officials in Washington after U.S. President Donald Trump threatened to impose tariffs on imports of Mexican products.
Martin Shkreli, the pharmaceutical entrepreneur serving a seven-year prison term for fraud, on Friday sued three former colleagues at Retrophin Inc for more than $30 million, saying they illegally ousted him from that company in 2014.
The Mexican government should target agricultural goods produced in states that have voted for U.S. President Donald Trump's Republican Party if the trade conflict between the two neighbors worsens, the head of Mexico's main farm lobby said on Friday.
United Technologies Corp's Pratt and Whitney Engines has been awarded the $3.24 billion modification to a U.S. defense contract for the production and delivery of 233 propulsion systems, the Pentagon said on Friday.
Mexico's Foreign Minister Marcelo Ebrard said he started negotiating with officials in Washington on Friday after U.S. President Donald Trump threatened tariffs on imports of Mexican products but face-to-face talks will not happen until next week.
One influential analyst called Amazon.com's reported interest in the U.S. wireless market "batshit crazy." Another said it was a "trojan horse" to kill off the big wireless players.
Cruise line Carnival Corp is asking a U.S. court to dismiss lawsuits that claim the company profited from confiscated Cuban property, the first such cases brought since the Trump administration made them possible this month.
Global auto and parts manufacturers scrambled on Friday to make contingency plans and look at ways of speeding some deliveries after U.S. President Donald Trump threatened new tariffs on all Mexican imports starting early next month.
Global consulting firm EY (Ernst & Young) has released its research into the creation of “…a set of smart contracts and microservices,…(using the) ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy.” Software for... Read More
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Add this to worries about Wall Street: The index of planes, trains and trucking companies, considered an important stock barometer of the U.S. economy's health, is struggling.
Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has formed a partnership with Chinese e-commerce platform XBN to enable digital payments outside of China. According to Wirecard, XBN is on a rapid global expansion with a trading volume of more... Read More
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President Donald Trump, struggling to stem a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico starting at 5% and ratcheting higher until the flow of border-crossers ceases.