Stocks tumble…Toe to toe on trade…Alexa’s new gig
BEIJING (AP) – Global stock markets fell Tuesday after U.S. President Donald Trump escalated a dispute with China over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods. Futures point to heavy opening loses on Wall Street. Benchmark U.S. crude oil fell below $65 per barrel. The dollar declined against the yen and edged up against the euro.
BEIJING (AP) – China warned Tuesday it will retaliate against President Donald Trump’s latest tariff threat, fueling fears their escalating dispute could harm global trade and economic growth. The Commerce Ministry criticized Trump’s order to prepare tariffs on $200 billion of Chinese goods as blackmail. Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports on Monday as the two nations moved closer to a potential trade war.
NEW YORK (AP) – Alexa has a new job: hotel concierge. Amazon has launched a version of Alexa for hotels that lets guests order room service through the voice assistant, ask for more towels or get restaurant recommendations without having to pick up the phone and call the front desk. Marriott has signed up for the service, and will place Amazon Echo smart speakers in 10 hotels this summer, including its Westin and St. Regis brands.
BALTIMORE (AP) – Many Maryland crab houses expect to stay idle this summer after U.S. immigration officials approved additional migrant worker visas this month for only one picking house. The Baltimore Sun reports the H-2B visas for seasonal workers were awarded by lottery for the first time this year due to high demand for workers from multiple industries. The crab houses that lost out will have to function without more than a third of their regular seasonal workers. Idle crab houses could drive up the price of Maryland’s crab meat.
TOKYO (AP) – Kazuo Kashio, one of four brothers who founded Casio Computer Co., the Japanese company behind G-Shock watches, has died at age 89. Kashio, who was chairman and served previously as president, died at a Tokyo hospital on Monday of aspiration pneumonia, which is set off by breathing in food or liquids, the company announced Tuesday. Kashio is credited with making the calculator an everyday product. He also helped popularize G-Shock, which has grown into an internationally recognized brand since its 1983 debut.