Businesses unhappy with Trump’s trade policies
Business groups, already uncomfortable with Trump’s attempts to stem immigration, are struggling to figure out where to stand in the fast-shifting political climate.
They have happily supported Trump’s corporate tax cuts and moves to loosen environmental and other regulations. But Trump’s use of tariffs has proved alarming.
Renault chief frustrated over botched merger
Renault’s chairman has expressed his frustration with the French government, a majority shareholder, which he said resisted a merger deal proposed by Fiat Chrysler.
Jean-Dominique Senard told a shareholders’ meeting in Paris on Wednesday that “I have rarely seen a merger proposal that could give so much positive synergy.”
US consumer prices edged up 0.1% in May
U.S. consumer prices increased a slight 0.1% in May, as inflation was tempered by lower costs for gasoline, electricity and used cars.
The Labor Department said Wednesday that the consumer price index rose 1.8% during the past year. Excluding the volatile food and energy categories, core prices rose 0.1% in May and 2% from a year ago.
Back-and-forth trade moves leave businesses wary
President Donald Trump’s unpredictable trade moves are making some small businesses increasingly uncertain about foreign trade.
Even the prospect of tariffs like those on Mexican goods Trump announced and rescinded last week has made owners and investors reluctant to pursue deals.
Facebook’s Zuckerberg focus of doctored video
Mark Zuckerberg is getting a taste of his own medicine, just weeks after Facebook declined to remove a doctored video of House Speaker Nancy Pelosi.
A fake video circulating on Instagram shows Zuckerberg gloating over his one-man domination of the world.
It’s the latest flap over doctored videos as Facebook and other social media sites try to stop the spread of misinformation and “fake news” while also respecting free speech.