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Macy's CEO says tariffs on clothes, shoes would hurt shoppers

Macy's CEO Jeff Gennette says an increase in tariffs of 25% on $ 300 trillion in Chinese goods that's still considered by the White House, which would impact apparel and footwear, would probably trickle down and hit consumers. "When you do the math, it's hard to find a path through that wouldn't impact customers, "he said. "It will affect lot …

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The IEA reduces the oil demand outlook for 2019

An offshore oil platform. Cavan Images | Cavan | Getty Images Estimates of oil demand growth for both 2018 and 2019 have been cut, the International Energy Agency revealed in its latest report issued Wednesday. Last year's growth estimate for oil demand has been downgraded by 70,000 barrels a day (kb / d) to 1.2 million barrels per day. day …

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China's retail sales grow to 16-year low as trade war risks rise

BEIJING (Reuters) – China reported surprisingly weaker growth in retail and industrial production in April Wednesday, increasing pressure on Beijing to roll out more stimulus as the US trade war escalates. FILE PHOTO: Employees work on the production line at a factory of the automaker manufacturer Power Xinchen in Mianyang, Sichuan Province, China March 28, 2019. REUTERS / Stringer / …

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Nissan's US operations are still having a rough go of it, report says

Nissan's Pathfinder is among the models in his lineup that are in serious need of a refresh to keep up with the competition. Chris Paukert / Roadshow                                                  It would be absolutely fair to say that Nissan had a pretty bad year so dad. It is down a few of its most powerful and influential leaders and a side effect …

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Potrero Hill Shack hits the market for $ 2.5 million

A literal shack on Potrero Hill has joined the annals of ridiculous real estate listings that make for great sensational news headlines. The property is an obvious tear-down – a crumbling shack that was abandoned a decade ago – but the property is entitled for a four-story, two-unit building, and it already has a demolition permit. As you can see …

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Disney Takes Full Control of Hulu as War on Netflix Heats Up

(Bloomberg) – Walt Disney Co. will take full control of Hulu in a deal with co-owner Comcast Corp. The value of the streaming service exceeds $ 27 billion in five years. The announcement Tuesday represents a big bet at Disney on continued growth for Hulu, home of original hits such as "The Handmaid's Languages." In the terms, Comcast is guaranteed …

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Bayer rocked by record $ 2 billion roundup verdict

A jury in California on Monday awarded more than $ 2 billion to a couple who claimed that the product caused their cancer. Bayer ( BAYRY ) the inventor of aspirin, bought Roundup maker Monsanto just last year The largest Roundup-related damages award so far undergone the massive legal [19659004] bill Bayer could be found in the United States, where …

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Monsanto vows appeal to release $ 2B in damages

article A California jury reportedly in favor of a couple on Monday who alleged that Roundup weed killer triggered their cancer diagnoses, ultimately finding Monsanto responsible and ordering them to pay billions in damages. ( AP ) A California jury reportedly in favor of a couple on Monday who alleged that Roundup weed killer triggered their cancer diagnoses, ultimately finding …

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