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Category: Business

Oil rises nearly 2% as robust China trade data offsets returning supply

October 21, 2020October 15, 2020kinnakeetshoresresortcom

Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise. Brent crude futures LCOc1 ended up 73 cents, or 1.8%, to $42.45 a barrel while U.S. West Texas […]

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Chinese online video platforms drop Apple’s iPhone event

October 20, 2020October 15, 2020kinnakeetshoresresortcom

Apple Inc’s live stream of its iPhone launch event was canceled by Chinese online video platforms, including that of Tencent Holdings Ltd and Bilibili Inc, without any explanation.

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J&J to contribute up to $5 billion to potential U.S. opioid settlement

October 19, 2020October 15, 2020kinnakeetshoresresortcom

Johnson & Johnson JNJ.N said on Tuesday it will contribute up to $1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing its total payment to $5 billion. The New Brunswick, New Jersey-based drugmaker had agreed last October to a $4 billion settlement framework negotiated […]

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EU wins tariff clearance on $4 billion of U.S. imports in Boeing case

October 18, 2020October 15, 2020kinnakeetshoresresortcom

The European Union on Tuesday won the right to impose tariffs on $4 billion of U.S. goods in retaliation against subsidies for planemaker Boeing BA.N – deepening a record trade spat that has already prompted Washington to slap duties on EU imports. The World Trade Organization tariff award, which confirms a decision, threatens to intensify […]

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It’s the best, and worst, of times for business in Florida, survey finds

October 17, 2020October 15, 2020kinnakeetshoresresortcom

Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19. Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the […]

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Timeline: Highlights of the 16-year Airbus, Boeing trade war

October 16, 2020October 15, 2020kinnakeetshoresresortcom

The World Trade Organization on Tuesday gave the European Union permission to impose tariffs on $4 billion of U.S. goods, but Washington said there was no legal basis to do since a state tax break for Boeing Co BA.N had been repealed. Washington and Brussels traded terse statements in the latest twist in an epic […]

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Fast take: U.S. consumer inflation muted, just don’t buy a used car

October 15, 2020kinnakeetshoresresortcom

U.S. consumers on balance paid only a little bit more for goods and services last month as supply chain disruptions that contributed to a bump up in inflation over the summer began to ease, a welcome respite for the millions who remain unemployed. While that easing pressure on pinched consumers might offer a benefit to […]

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