BEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with the U.S. In less than a week, U.S. tariffs on goods from China have more than doubled, while Beijing has hit back with more duties and restrictions...
The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
DUBAI, United Arab Emirates — The wealthy Arab Gulf states are in a better position than many other regions of the world to manage the economic impact of U.S. President Donald Trump's tariffs, economists and regional investors say. But a shaky outlook for the price of oil could put some...
Walgreens tops estimates as drugstore chain cuts costs, prepares to go private
Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. The company is in the process of being taken private by Sycamore Partners in a roughly $10 billion deal that is expected to...