Finance

Chinese buyers asking about US soy, pork before trade talks

Chinese importers are asking U.S. suppliers for prices of soybeans, pork and other farm goods, the Commerce Ministry said Thursday, in a possible goodwill gesture ahead of talks aimed at ending a tariff war. The statement followed President Donald Trump’s decision Wednesday to postpone a planned Oct. 1 tariff hike on Chinese imports. The gestures […]

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Asian shares mixed after China eases trade tensions

Asian shares were mixed Thursday after China and the U.S. moved to ease trade tensions. Investors drew encouragement from China’s decision to exempt some U.S. products from a recent round of tariffs. Tokyo, Shanghai and Sydney advanced while Hong Kong slipped. Stocks notched broad gains on Wall Street Wednesday, with technology, health care and communication

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California Approves Statewide Rent Control to Ease Housing Crisis

According to the online real-estate marketplace Zillow, only about 7 percent of the California properties listed last year saw rent increases larger than allowed under the bill. But there could be a big effect in rapidly gentrifying neighborhoods like Boyle Heights in Los Angeles, where typical rents on apartments not covered by the city’s rent

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Uber Says It Is Not Subject to California Gig-Worker Law

SAN FRANCISCO — Uber pushed back on Wednesday against a newly passed California bill that effectively requires companies to reclassify their contract workers as employees, in a sign of the emerging resistance that the measure is prompting across the gig economy. Tony West, Uber’s chief legal officer, said in a news conference that the ride-hailing

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Trump Calls for Fed’s ‘Boneheads’ to Slash Interest Rates Below Zero

WASHINGTON — President Trump urged the Federal Reserve to cut interest rates below zero, suggesting a last-ditch monetary policy tactic tested abroad but never in America. His comments came just one day before European policymakers are widely expected to cut a key rate further into negative territory. In a series of tweets, Mr. Trump said

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