Royal showdown as queen holds crisis talks with Harry and Meghan

LONDON — Queen Elizabeth will meet her closest family members for crisis talks Monday, days after Harry and Meghan announced plans to step down as senior royals, provoking a historic rift in the monarchy. The queen is expected to have talks with Prince Charles, Prince William and Prince Harry at her country estate, Sandringham, in Norfolk in the east of England. Meghan reportedly to be joining the talks by phone from Canada. The queen reportedly asked for the matter to be resolved in days rather


LONDON — Queen Elizabeth will meet her closest family members for crisis talks Monday, days after Harry and Meghan announced plans to step down as senior royals, provoking a historic rift in the monarchy.
The queen is expected to have talks with Prince Charles, Prince William and Prince Harry at her country estate, Sandringham, in Norfolk in the east of England.
Meghan reportedly to be joining the talks by phone from Canada.
The queen reportedly asked for the matter to be resolved in days rather
Royal showdown as queen holds crisis talks with Harry and Meghan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: holly ellyatt
Keywords: news, cnbc, companies, showdown, queen, reportedly, royal, sussex, harry, talks, crisis, prince, announcement, william, work, holds, meghan


Royal showdown as queen holds crisis talks with Harry and Meghan

Queen Elizabeth II departs in her Bentley car after attending Sunday service at the Church of St Mary Magdalene on the Sandringham estate on January 12, 2020 in King’s Lynn, England.

LONDON — Queen Elizabeth will meet her closest family members for crisis talks Monday, days after Harry and Meghan announced plans to step down as senior royals, provoking a historic rift in the monarchy.

The queen is expected to have talks with Prince Charles, Prince William and Prince Harry at her country estate, Sandringham, in Norfolk in the east of England. Meghan reportedly to be joining the talks by phone from Canada.

Discussions will focus on the future roles and responsibilities of the the Duke and Duchess of Sussex after their shock announcement last week that they wanted to “step back” from royal life, split their time between the U.K. and North America, and to “work to become financially independent.”

The announcement, which reportedly provoked hurt and disappointment among senior royals, including the queen, who was not consulted about the move, prompted questions over how involved the couple would be in royal life and duties, as well as how much financial autonomy the couple will have in the future.

At the time, Buckingham Palace issued a terse statement noting that “discussions with the Duke and Duchess of Sussex are at an early stage. We understand their desire to take a different approach, but these are complicated issues that will take time to work through.”

The queen reportedly asked for the matter to be resolved in days rather than weeks. Harry and Meghan’s announcement comes after months of speculation of rifts brewing in the royal family, particularly between Harry and his brother, William, and their wives.


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: holly ellyatt
Keywords: news, cnbc, companies, showdown, queen, reportedly, royal, sussex, harry, talks, crisis, prince, announcement, william, work, holds, meghan


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Jim Cramer on US-China trade deal: China is playing us

Jim Cramer on US-China trade deal: China is playing usCNBC’s Jim Cramer discusses the announcement from China that there has been an agreement with the U.S. on trade.


Jim Cramer on US-China trade deal: China is playing usCNBC’s Jim Cramer discusses the announcement from China that there has been an agreement with the U.S. on trade.
Jim Cramer on US-China trade deal: China is playing us Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-13
Keywords: news, cnbc, companies, trade, china, discusses, playing, deal, cramer, uscnbcs, uschina, announcement, jim


Jim Cramer on US-China trade deal: China is playing us

Jim Cramer on US-China trade deal: China is playing us

CNBC’s Jim Cramer discusses the announcement from China that there has been an agreement with the U.S. on trade.


Company: cnbc, Activity: cnbc, Date: 2019-12-13
Keywords: news, cnbc, companies, trade, china, discusses, playing, deal, cramer, uscnbcs, uschina, announcement, jim


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Tim Armstrong: Twitter’s political ad announcement was smart

Tim Armstrong: Twitter’s political ad announcement was smartTwitter is expected to unveil its policy today on banning political ads from its platform. Tim Armstrong, former CEO of AOL and Oath, joins “Squawk Box” to discuss.


Tim Armstrong: Twitter’s political ad announcement was smartTwitter is expected to unveil its policy today on banning political ads from its platform.
Tim Armstrong, former CEO of AOL and Oath, joins “Squawk Box” to discuss.
Tim Armstrong: Twitter’s political ad announcement was smart Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15
Keywords: news, cnbc, companies, today, smart, twitters, smarttwitter, announcement, tim, platform, political, unveil, squawk, policy, armstrong


Tim Armstrong: Twitter's political ad announcement was smart

Tim Armstrong: Twitter’s political ad announcement was smart

Twitter is expected to unveil its policy today on banning political ads from its platform. Tim Armstrong, former CEO of AOL and Oath, joins “Squawk Box” to discuss.


Company: cnbc, Activity: cnbc, Date: 2019-11-15
Keywords: news, cnbc, companies, today, smart, twitters, smarttwitter, announcement, tim, platform, political, unveil, squawk, policy, armstrong


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Papa John’s stock jumps after executive reshuffle announcement and revenue beat

Papa John’s International Inc. signage is displayed on top of a delivery vehicle outside of the company’s restaurant in Nashville, Tennessee. Papa John’s stock jumped more than 3% in premarket trading Wednesday after the pizza chain announced an executive reshuffle and reported quarterly revenue that topped Wall Street’s estimates. He will remain in the role until Papa John’s finds a successor. The departures come as Papa John’s switches up its management structure. Prior to joining Papa John’s


Papa John’s International Inc. signage is displayed on top of a delivery vehicle outside of the company’s restaurant in Nashville, Tennessee.
Papa John’s stock jumped more than 3% in premarket trading Wednesday after the pizza chain announced an executive reshuffle and reported quarterly revenue that topped Wall Street’s estimates.
He will remain in the role until Papa John’s finds a successor.
The departures come as Papa John’s switches up its management structure.
Prior to joining Papa John’s
Papa John’s stock jumps after executive reshuffle announcement and revenue beat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: amelia lucas
Keywords: news, cnbc, companies, johns, jumps, pizza, executive, chief, north, reshuffle, stock, cents, announcement, revenue, beat, company, share, officer, operating, papa


Papa John's stock jumps after executive reshuffle announcement and revenue beat

Papa John’s International Inc. signage is displayed on top of a delivery vehicle outside of the company’s restaurant in Nashville, Tennessee.

Papa John’s stock jumped more than 3% in premarket trading Wednesday after the pizza chain announced an executive reshuffle and reported quarterly revenue that topped Wall Street’s estimates.

Same-store sales in North America turned positive for the first time in two years, growing by 1%.

Shares of the pizza chain, which has a market value of $1.8 billion, were up 43% this year, as of Tuesday’s close.

Chief Financial Officer Joe Smith will leave the company in 2020 after nearly 20 years at the company. He will remain in the role until Papa John’s finds a successor.

Chief Operating and Growth Officer Mike Nettles and Chief Marketing Officer Karlin Linhardt will also be departing after a transition period.

The departures come as Papa John’s switches up its management structure.

“As we introduce a more focused plan and strategic priorities for the company, we are realigning Papa John’s senior management, promoting leaders within the company and adding proven talent,” CEO Rob Lynch said in a statement.

Lynch has been at the helm for two months. Prior to joining Papa John’s to replace CEO Steve Ritchie, he was president of Arby’s.

Max Wetzel will join the company as chief commercial and marketing officer. Wetzel served as chief transformation officer and vice president of consumer brands at PPG Industries, a paint supplier.

Nettles’ job as chief operating and chief growth officer will be split into two roles. Jim Norberg, who is currently the company’s head of restaurant operations, will take over as chief operating officer for North America. Jack Swaysland has been named chief operating officer for international markets.

Papa John’s also announced its fiscal third-quarter results Wednesday. Net sales rose 4.8% to $403.7 million, topping estimates of $386.9 million.

Papa John’s reported fiscal third-quarter net income of $385,000, or a loss of 10 cents per share, up from a loss of $13.3 million, or 42 cents per share, a year earlier.

Excluding financial assistance to North American franchisees and other items, the pizza chain earned 21 cents per share, falling short of Wall Street’s expectations of 23 cents per share.

Read the full earnings report here.


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: amelia lucas
Keywords: news, cnbc, companies, johns, jumps, pizza, executive, chief, north, reshuffle, stock, cents, announcement, revenue, beat, company, share, officer, operating, papa


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Rep. Katie Hill admits to having a relationship with a staffer after the announcement of an ethics probe

California Rep. Katie Hill confirmed that she had an inappropriate relationship with a campaign staffer following an announcement Wednesday of a probe by the House Committee on Ethics. “I know that even a consensual relationship with a subordinate is inappropriate, but I still allowed it to happen despite my better judgment,” the letter read. Among the content published by RedState was a nude photo of Hill. “Intimate photos of me and another individual were published by Republican operatives on


California Rep. Katie Hill confirmed that she had an inappropriate relationship with a campaign staffer following an announcement Wednesday of a probe by the House Committee on Ethics.
“I know that even a consensual relationship with a subordinate is inappropriate, but I still allowed it to happen despite my better judgment,” the letter read.
Among the content published by RedState was a nude photo of Hill.
“Intimate photos of me and another individual were published by Republican operatives on
Rep. Katie Hill admits to having a relationship with a staffer after the announcement of an ethics probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-24  Authors: yelena dzhanova
Keywords: news, cnbc, companies, hill, announcement, having, letter, photos, lawmaker, probe, katie, kelly, involved, rep, published, ethics, admits, relationship, staffer


Rep. Katie Hill admits to having a relationship with a staffer after the announcement of an ethics probe

California Rep. Katie Hill confirmed that she had an inappropriate relationship with a campaign staffer following an announcement Wednesday of a probe by the House Committee on Ethics.

On Tuesday, Hill said she did not have a relationship with legislative director Graham Kelly, but she walked back that account the next day, saying in a letter to constituents that she got involved with Kelly “during the final tumultuous years of my abusive marriage,” the Los Angeles Times reported.

“I know that even a consensual relationship with a subordinate is inappropriate, but I still allowed it to happen despite my better judgment,” the letter read.

Her husband, Kenneth Heslep, filed for divorce in July.

RedState, a conservative website, published over the weekend a series of articles and photos reporting that the lawmaker and her husband had been involved in a relationship with a female campaign staffer whose name was not released. Among the content published by RedState was a nude photo of Hill.

“Intimate photos of me and another individual were published by Republican operatives on the internet without my consent,” the lawmaker told The Hill, referring to the materials as a “smear campaign.”

Hill, a freshman Democrat, won the race for Southern California’s 25th Congressional District against two-term Rep. Steve Knight during the 2018 midterm elections. Her victory was among those that propelled Democrats to a House majority.


Company: cnbc, Activity: cnbc, Date: 2019-10-24  Authors: yelena dzhanova
Keywords: news, cnbc, companies, hill, announcement, having, letter, photos, lawmaker, probe, katie, kelly, involved, rep, published, ethics, admits, relationship, staffer


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Biotech stocks soar following shock Biogen drug announcement

Biotech stocks surged after Biogen announced plans to revive its Alzheimer’s drug aducanumab. Shares of Biogen are up more than 25% and tracking for one of their best days on record ever after the company said it was once again seeking regulatory approval for its Alzheimer’s drug. But given the drug trial’s history, the Street isn’t completely convinced that the outcome will be different this time around. But he also said that if the drug were successful it could “completely change the profile o


Biotech stocks surged after Biogen announced plans to revive its Alzheimer’s drug aducanumab.
Shares of Biogen are up more than 25% and tracking for one of their best days on record ever after the company said it was once again seeking regulatory approval for its Alzheimer’s drug.
But given the drug trial’s history, the Street isn’t completely convinced that the outcome will be different this time around.
But he also said that if the drug were successful it could “completely change the profile o
Biotech stocks soar following shock Biogen drug announcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: pippa stevens
Keywords: news, cnbc, companies, stocks, following, announcement, alzheimers, stock, biogen, questions, gain, billion, approval, company, shock, biotech, drug, soar, earnings


Biotech stocks soar following shock Biogen drug announcement

Biotech stocks surged after Biogen announced plans to revive its Alzheimer’s drug aducanumab.

The iShares NASDAQ Biotechnology ETF gained more than 3% at its high on Tuesday — its best daily gain since Jan. 7 — with Biogen powering the ETF higher.

Shares of Biogen are up more than 25% and tracking for one of their best days on record ever after the company said it was once again seeking regulatory approval for its Alzheimer’s drug.

This is a reversal from the company’s statement last March when it said it would discontinue the trials after disappointing results. A lot was riding on the success of the drug, and more than $15 billion in market value was wiped after the company said it wouldn’t be moving forward.

But on Tuesday the company said that analysis of a larger data set showed that patients who received a higher dose of the drug showed improvements. The company said it worked with officials from the U.S. Food and Drug Administration during the analysis and that it plans to officially file for approval with the FDA in early 2020.

The announcement took the Street by surprise.

“Today’s announcement to submit for approval comes as unexpected,” Wedbush analyst Laura Chico wrote in a note to clients. Guggenheim’s Yatin Suneja said “this is an interesting development, and certainly unexpected.” And Alethia Young of Cantor Fitzgerald said she was “very shocked.”

Biogen’s surge lifted other names in the space including Vertex Pharmaceuticals, which gained 4%, as well as Gilead, Celgene, Regeneron and Endo International, all of which were up more than 1%.

The implications for Biogen are big since the drug would be the first of its kind in the Alzheimer’s market, which is worth billions of dollars. But given the drug trial’s history, the Street isn’t completely convinced that the outcome will be different this time around.

“While the headline sounds positive (and very well could mean the company has an Alzheimer’s drug), the news today alone does not guarantee approval and questions remain,” Mizuho analyst Salim Syed wrote in a note to clients. He has a neutral rating on the stock and a $235 target.

Morgan Stanley’s Matthew Harrison reiterated this point, saying there are “a range of questions that will need to be addressed for investors to gain confidence in this strategy.” Specifically, he pointed to questions about the FDA’s level of involvement, as well as what higher dosages mean from a commercially viable standpoint.

Guggenheim’s Suneja said the “meaningfulness of these data are debatable and likely to be the key focus for investors and how they assign value” to aducanumab. But he also said that if the drug were successful it could “completely change the profile of the company.”

He noted that before the trial was discontinued in March the stock was trading in the $300 to $360 range. He expects the stock to move back to that level until a final decision from the FDA is rendered. Following the nearly 30% gain on Tuesday, shares of Biogen were trading around $285.

But nothing is certain yet, and Baird’s Brian Skorney said he expects the company to face an “uphill climb as they look to convince regulators” that results from the successful trial were “nothing more than random chance.”

Before the announcement, Biogen reported third-quarter earnings that topped Wall Street’s expectations. Earnings per share came in at $9.17 on revenue of $3.60 billion. Analysts had forecast earnings of $8.27 per share on revenue of $3.539 billion.

— Reuters contributed to this report. CNBC’s Michael Bloom and Maggie Fitzgerald also contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: pippa stevens
Keywords: news, cnbc, companies, stocks, following, announcement, alzheimers, stock, biogen, questions, gain, billion, approval, company, shock, biotech, drug, soar, earnings


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Microsoft unveils new folding smartphone in surprise announcement

Microsoft made a surprise announcement Wednesday of a new two-screened Android smartphone, the Surface Duo. The device will launch in late 2020, in time for the holiday season. No pricing details were announced. The device features two side-by-side 5.6-inch displays that are connected by a 360-degree hinge. Once it’s folded up, the Duo is small enough that it can fit in your pocket.


Microsoft made a surprise announcement Wednesday of a new two-screened Android smartphone, the Surface Duo. The device will launch in late 2020, in time for the holiday season. No pricing details were announced. The device features two side-by-side 5.6-inch displays that are connected by a 360-degree hinge. Once it’s folded up, the Duo is small enough that it can fit in your pocket.
Microsoft unveils new folding smartphone in surprise announcement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: annie palmer
Keywords: news, cnbc, companies, twoscreened, surprise, duo, season, pricing, small, sidebyside, smartphone, folding, announcement, surface, device, microsoft, unveils


Microsoft unveils new folding smartphone in surprise announcement

Microsoft made a surprise announcement Wednesday of a new two-screened Android smartphone, the Surface Duo. The device will launch in late 2020, in time for the holiday season. No pricing details were announced.

The device features two side-by-side 5.6-inch displays that are connected by a 360-degree hinge. Once it’s folded up, the Duo is small enough that it can fit in your pocket.


Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: annie palmer
Keywords: news, cnbc, companies, twoscreened, surprise, duo, season, pricing, small, sidebyside, smartphone, folding, announcement, surface, device, microsoft, unveils


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Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%


Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%
Hong Kong stock exchange makes $36.6 billion offer for London stock exchange Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion).

The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. It cautioned, however, that its statement to the market should be considered as an announcement to make a possible offer and is not confirmation of a firm intention to bid.

The statement from HKEX said a further announcement will be made “as and when appropriate.”

HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5% before giving up some of the initial gains.

HKEX said it expected key LSE management to keep their jobs and work for the new owners.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


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Apple software hints at September 10 announcement for the next iPhone

A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan. The date for Apple’s newest iPhone announcement may be hidden in its latest beta release of its new operating system. Apple released its newest iOS 13 beta to developers on Thursday with what some believe is a clue to its iPhone announcement date. Apple’s iPhone business has struggled with trends such as weakness in the Chinese economy and the fact that customers keep their devices longer th


A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan. The date for Apple’s newest iPhone announcement may be hidden in its latest beta release of its new operating system. Apple released its newest iOS 13 beta to developers on Thursday with what some believe is a clue to its iPhone announcement date. Apple’s iPhone business has struggled with trends such as weakness in the Chinese economy and the fact that customers keep their devices longer th
Apple software hints at September 10 announcement for the next iPhone Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lauren feiner
Keywords: news, cnbc, companies, apple, screen, revenues, software, tariffs, date, hints, iphones, apples, announcement, iphone, set, store


Apple software hints at September 10 announcement for the next iPhone

A girl reacts as she tries an iPhone X at the Apple Omotesando store on November 3, 2017 in Tokyo, Japan.

The date for Apple’s newest iPhone announcement may be hidden in its latest beta release of its new operating system.

Apple released its newest iOS 13 beta to developers on Thursday with what some believe is a clue to its iPhone announcement date. The operating system contained an asset called “HoldForRelease” that showed a home screen of an iPhone with the calendar date set to September 10, 9to5Mac reported. Apple has held its fall press event around this time in September for the past four years, the site previously noted.

Analysts don’t expect the so-called iPhone 11 to be a huge change from previous models. Barclays semiconductor analysts wrote in May that they anticipate Apple’s 2019 iPhones will offer “relatively few design changes” while the more substantial update, including features like 5G capability, will come in 2020.

J.P. Morgan Chase analysts agreed that major updates would come in 2020 in a July note.

“Our expectations include all three Sep-2020 iPhones (5.4″/6.1″/6.7″ screen sizes) will adopt OLED displays and 5G baseband modems (with support for mmWave frequencies), and at least two of the three models adopting world facing 3D Sensing (Time of Flight) driving industry leading AR/VR capabilities which can be leveraged by custom built applications (including games),” analyst Samik Chatterjee wrote.

Apple’s iPhone business has struggled with trends such as weakness in the Chinese economy and the fact that customers keep their devices longer than they used to before upgrading. For Apple’s third fiscal quarter, iPhone revenues made up 48% of total revenue. It was the first time the segment made up less than half of all revenues since 2012.

Still, Apple has found new areas of growth such as wearables, like the Apple Watch and HomePods, and digital services, like App Store sales, Apple Music subscriptions and iCloud storage.

The Trump administration also alleviated any worries that the iPhone would be subject to new Chinese tariffs that were originally set to go into effect on Sept. 1. The office of the U.S. Trade Representative said this week that the tariffs would be pushed back to December, sending Apple shares up 4% on Tuesday.

An Apple spokesperson was not immediately available to comment.

Subscribe to CNBC on YouTube.

WATCH: A rare look inside the factory that makes iPhone’s Gorilla Glass


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: lauren feiner
Keywords: news, cnbc, companies, apple, screen, revenues, software, tariffs, date, hints, iphones, apples, announcement, iphone, set, store


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European stocks close higher as US delays China tariffs on phones and clothing

European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports. Meanwhile, tariffs on electronic devices like phones and laptops and certain footwear and clothing will be delayed until December 15, the government agency said. In terms of individual stocks, steel and mining giant ArcelorMittal saw its shares climb sharply following the USTR’s announcement. At the other end was Henkel, which saw its share


European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports. Meanwhile, tariffs on electronic devices like phones and laptops and certain footwear and clothing will be delayed until December 15, the government agency said. In terms of individual stocks, steel and mining giant ArcelorMittal saw its shares climb sharply following the USTR’s announcement. At the other end was Henkel, which saw its share
European stocks close higher as US delays China tariffs on phones and clothing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: elliot smith
Keywords: news, cnbc, companies, rose, close, clothing, goods, higher, saw, delayed, certain, european, industrial, shares, phones, announcement, china, delays, tariffs, stocks


European stocks close higher as US delays China tariffs on phones and clothing

European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports.

The pan-European Stoxx 600 closed provisionally up 0.6%. Markets had traded lower earlier in the session. Trade-sensitive sectors like autos and basic resources were among the biggest gainers.

The U.S. Trade Representative office said on Tuesday that certain items would be removed from a list of goods set to be hit with a new 10% levy, citing “health, safety, national security and other factors.”

Meanwhile, tariffs on electronic devices like phones and laptops and certain footwear and clothing will be delayed until December 15, the government agency said. Europe’s technology sector was up 1% on the news.

In terms of individual stocks, steel and mining giant ArcelorMittal saw its shares climb sharply following the USTR’s announcement. The stock was up over 5%.

SalMar was the top performer in Europe, climbing almost 7% after DNB upgraded the Norwegian fish farm company to hold from sell.

At the other end was Henkel, which saw its shares slide 7% after lowering its full-year outlook for sales and earnings on Tuesday. The German consumer goods firm blamed disappointing performance at its beauty unit and falling industrial production.

On Wall Street, stocks rose as traders digested the USTR announcement. The Dow Jones Industrial Average jumped over 400 points while the tech-heavy Nasdaq index rose nearly 2%, led by Apple which got a boost from the news since many of its major products are produced in China.


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: elliot smith
Keywords: news, cnbc, companies, rose, close, clothing, goods, higher, saw, delayed, certain, european, industrial, shares, phones, announcement, china, delays, tariffs, stocks


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