Trade dominates week ahead and two big events could impact markets
Markets head into the week ahead, battered by trade war fears, and the selling pressure could continue if there are no signs of a breakthrough.
Nine West and Bandolino to be sold
The owner of the footwear brands is seeking to sell them and reorganise under US bankruptcy law.
Conservative Koch brothers network breaks with Trump over brewing trade war with China
The Koch groups are worried that tariffs and a trade war with China would offset any potential positive economic gains from the GOP’s tax cuts.
US punishes key Putin allies over worldwide ‘malign activity’
Aluminium billionaire Oleg Deripaska is among seven oligarchs and 17 top government officials targeted.
Heads spin as traders try to focus on earnings but trade war talk muddles message
Traders are eager to change the conversation from trade wars and tariffs to the economy and earnings, but it’s hard to do when President Donald Trump keeps upping the ante with China
Russia says it will respond firmly to new US sanctions
Russian officials said they would respond firmly to Trump’s sanctions against Russian business and government.
Incyte-Merck trial fails in blow to cancer immunotherapy, but researchers remain hopeful
Cancer researchers believe immunotherapy still holds potential for patients.
US jobs growth slows in March
The US economy added fewer jobs than expected, with some analysts blaming the cold weather.
Mnuchin says Amazon’s practice of not collecting taxes from third-party sellers doesn’t make sense
Steven Mnuchin says the Trump administration doesn’t understand why Amazon doesn’t collect taxes for some of the goods.
Treasury Secretary Mnuchin says there is the possibility of a trade war with China, but that’s not the objective
“I’m cautiously optimistic that we will be able to work this out,” Mnuchin tells CNBC about China.