MADRID—Spain’s antitrust watchdog on Tuesday said it had imposed fines worth a total 194.1 million euros ($218.03 million) on Amazon and Apple for colluding to limit the online sale of devices from Apple and competitors in Spain. The two contracts the companies signed on Oct. 31, 2018 granting Amazon the status of authorized Apple dealer…
US Opens New Special Probe Into Fatal Tesla Crash
WASHINGTON—The National Highway Traffic Safety Administration said Tuesday it is opening a new special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 where advanced driver assistance systems are suspected of having been used. Since 2016, NHTSA has opened more than three dozen Tesla special crash investigations in cases where…
Indian Tycoon Adani Denounces Hindenburg Report as ‘Targeted Misinformation’
Indian billionaire Gautam Adani has refuted a report by U.S.-based short-seller Hindenburg Research, saying that it contains “targeted misinformation” aimed at tarnishing the conglomerate’s reputation. The Hindenburg report, published on Jan. 24, accused the Indian conglomerate Adani Group—which is led by Mr. Adani—of engaging in stock manipulation and accounting-fraud schemes over decades. At the company’s…
The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 3.2)
July 18, 2023
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The two ways to buy LTCi are as stand-alone (ongoing premium) policies or as riders to life or annuity policies. Many new policies have this feature integrated into the policy. However, these “combo” or rider policies reduce death or annuity benefits when you withdraw money or use the LTCi benefit. Many people will want to…
[PREMIERING 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 18, 2023
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American Thought LeadersBusiness & MarketsChinaChina Business & EconomyChina Newseconomic policieseconomyEpochTVFinance & Business Tiesfree tradeLive VideosRobert LighthizerSpecial TopicsTech CompetitionUS-China relationsUS-China TradeVideo
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
S&P 500 Inches Down as Investors Digest More Big Bank Earnings
The benchmark S&P 500 edged lower on Tuesday as investors digested earnings reports from top lenders Morgan Stanley and Bank of America, after the markets rallied last week in anticipation of the results and signs of inflation cooling. The Dow Jones Industrial Average rose 11.73 points, or 0.03 percent, at the open to 34,597.08. The…
Treasury Secretary Yellen Doesn’t Expect a Recession in US
July 18, 2023
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Business & MarketsChinaChina Business & EconomyChina Newseconomic policieseconomyinflationInvestmentJanet YellenNational SecurityPolicies & ImpactsrecessiontariffsThreat from Communist ChinaUSUS NewsUS-China relations
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U.S. Treasury Secretary Janet Yellen said during an interview that the U.S. economy would not be hit by a recession. While Ms. Yellen was in attendance at a G-20 summit in Gandhinagar, India, she told Bloomberg on July 17 that the United States was making good progress in bringing inflation down this year. Ms. Yellen…
Dollar Slips Towards 15-month Low, Euro Scales 17-month Peak
LONDON—The dollar drifted near a 15-month low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge for downside in the wake of last week’s cooler-than-expected U.S. inflation. The U.S. dollar index, which measures the greenback against a basket of six currencies, fell as low as 99.587, languishing near Friday’s trough of…
Oil Inches Higher as Investors Eye US Crude Supplies
LONDON—Oil prices edged higher on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. Both contracts fell more than 1.5 percent on Monday, following lacklustre Chinese data and the partial restart of some Libyan oilfields. Brent crude was up 51 cent at $79.01 a barrel by 0956 GMT,…
World Stocks Near 15-month High; China Data Weighs on Markets
July 18, 2023
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LONDON—World shares were steady near their recent 15-month highs and the dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for U.S. retail sales data and earnings. Asian stocks fell earlier in the session as markets caught up with growth data…
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