Top News & Analysis New Jersey

  • President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States. The White House did not immediately respond to a question about the agenda for the dinner and what Trump was referring to when he said Apple would be...

  • While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.- China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending recession. Germany's coalition government is willing to...

  • WASHINGTON, Aug 16- President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter said on Friday. JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan and Citigroup's Michael Corbat discussed the health of the...

  • WASHINGTON, Aug 16- President Donald Trump held a conference call Wednesday with the heads of three large Wall Street banks as financial markets were in turmoil, one source with direct knowledge said on Friday. Following a previously scheduled meeting at the Treasury Department, JPMorgan Chase& Co.s Jamie Dimon, Bank of America Corp.s Brian Moynihan and...

  • Nonetheless, China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal. Trump said he did not think Beijing would retaliate for the U.S. tariffs and that he believes China wants to make a trade deal. "I think we're having very good discussions with China.

  • Nonetheless, China on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal. Trump said he did not think Beijing would retaliate for the U.S. tariffs and that he believes China wants to make a trade deal. "I think we're having very good discussions with China.

  • HONG KONG, Aug 15- Hong Kong braced for more mass protests over the weekend, even as China warned it could use its power to quell demonstrations and U.S. Hundreds of China's People's Armed Police on Thursday conducted exercises at a sports stadium in Shenzhen that borders Hong Kong a day after the U.S. State Department said it was "deeply concerned" about the...

  • NEW YORK, Aug 15- The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings. Gold prices, which have climbed almost 20% since late May on uncertainty driven by the U.S.-Sino trade spat and...

  • NEW YORK, Aug 15- The dollar recovered from early weakness but a gauge of global equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings. Gold prices, which have surged almost 20% since late May on uncertainty driven by the U.S.-Sino trade spat and...

  • WASHINGTON, Aug 15- U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial market fears that the economy was heading into recession. The upbeat report from the Commerce Department on Thursday, however, will likely not change expectations that the Federal Reserve...

  • Aug 15- U.S. stock index futures turned positive in volatile trading on Thursday, as investors digested conflicting reports on U.S.- China trade dispute, while a jump in retail giant Walmart's shares helped dispel early gloom. But reports that China hoped the United States can meet it halfway on trade issues led to a turnaround in shares. The number of variables...

  • Aug 14- Wall Street main indexes slumped more than 2.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China. The S&P 500 index has now sunk 4.5% since President Donald Trump announced a fresh round of tariffs on Chinese imports at the start of August and is on course...

  • *Trump says Chinese troops moving near Hong Kong. HONG KONG, Aug 14- China said on Wednesday Hong Kong's protest movement had reached "near terrorism", as more street clashes followed ugly scenes a day earlier at the airport where demonstrators set upon two men they suspected of being government sympathisers. China's Hong Kong and Macau Affairs Office in Beijing...

  • *Trump says Chinese troops moving near Hong Kong. HONG KONG, Aug 14- China said Hong Kong's protest movement had reached "near terrorism" on Wednesday, after a night of ugly clashes at the city's airport where demonstrators set upon and detained two men they suspected of being government sympathisers. China's Hong Kong and Macau Affairs Office in Beijing called...

  • LAUNCESTON, Australia, Aug 14- President Donald Trump has inadvertently admitted that the United States no longer holds the whip hand in the ongoing trade dispute with China, after backtracking on his latest escalation of the tariff war. Tariffs of 10% were due to be imposed on the remaining $300 billion of annual imports from China on Sept. 1, but some will now only...

  • LAUNCESTON, Australia, Aug 14- President Donald Trump has inadvertently admitted that the United States no longer holds the whip hand in the ongoing trade dispute with China, after backtracking on his latest escalation of the tariff war. Tariffs of 10% were due to be imposed on the remaining $300 billion of annual imports from China on Sept. 1, but some will now only...

  • President Donald Trump said on Tuesday the situation in Hong Kong was tricky, but he hoped it would work out for everybody, including China, and "for liberty" without anyone getting hurt or killed. Trump cited U.S. intelligence as saying that China's government was moving troops to its border with Hong Kong, and urged calm as clashes continued between protesters...

  • *Protests pose major challenge to Hong Kong and Chinese rule. Trump said the situation in Hong Kong was tricky but he hoped it would work out for everybody, including China, and "for liberty" without anyone getting hurt or killed. Hong Kong Chief Executive Carrie Lam warned that Hong Kong risked being "smashed to pieces".

  • President Donald Trump said on Tuesday the situation in Hong Kong was tricky, but he hoped it would work out for everybody, including China, and "for liberty" without anyone getting hurt or killed. Trump cited U.S. intelligence as saying that China's government was moving troops to its border with Hong Kong, and urged calm as clashes continued between protesters...

  • President Donald Trump said on Tuesday the situation in Hong Kong was tricky, but he hoped it would work out for everybody, including China, and "for liberty" without anyone getting hurt or killed. "The Hong Kong thing is a very tough situation- very tough," Trump told reporters during a visit to Morristown, New Jersey. I hope it works out for everybody, including China.