BEIJING (AP) — The Department of Commerce has proposed requiring case-by-case approvals of all purchases of telecommunications equipment in a move likely to hit major Chinese suppliers like Huawei. The plan issued Tuesday follows President Donald Trump’s order in May declaring a national emergency...
WASHINGTON (AP) — The House Oversight Committee sued two top Trump administration officials Tuesday for refusing to produce documents related to a decision to add a citizenship question to the 2020 census. Attorney General William Barr and Commerce Secretary Wilbur Ross “have not produced a single...
The Trump administration has extended for 90 more days a limited reprieve on U.S. technology sales to Huawei. The U.S. government blacklisted the Chinese tech company in May, deeming it a national security risk. That means U.S. firms aren't allowed to sell technology to Huawei without government approval. The...
Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...
House Democrats investigating the origins of a proposed citizenship question for the 2020 Census said Tuesday they've found previously undisclosed communications between a Trump administration adviser and a redistricting guru who favored excluding noncitizens from population counts to help Republicans. Trump...
BEIJING (AP) — The prospects for a preliminary breakthrough in the U.S.-China trade war improved Thursday after the two sides agreed to reduce some punitive tariffs on each other's goods, though the full extent of the rollback wasn't clear. A Chinese spokesman announced the development Thursday as talks on...
BEIJING (AP) — Asian stock markets were mixed Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to life punitive tariffs. Shanghai and Sydney declined while Tokyo and Hong Kong advanced. Beijing wants 15% tariffs imposed in...
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending mostly higher on Wall Street, marking another set of records for the Dow Jones Industrial Average and the Nasdaq. The S&P 500 index slipped slightly on Tuesday, weighed down by losses in health...
BANGKOK (AP) — World stocks rose Tuesday on hopes for progress in the U.S.-China trade dispute, which have helped push the Dow Jones Industrial Average to a record high. Germany's DAX edged almost 0.1% higher to 13,139 while the CAC 40 in Paris was up 0.2% at 5,835. Britain's FTSE 100 gained 0.3% to 7,388....
BANGKOK (AP) — Commerce Secretary Wilbur Ross said Tuesday the U.S. will invest and trade more in Asia as it rolls out an American plan to support "sustainable" projects in Asia as a counterpoint to China's multibillion-dollar "Belt and Road" infrastructure initiative. Ross is leading a high-powered trade...