Financial News

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June 19, 2018
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June 19, 2018
Financial News

 

 

 

Stocks skid…Russia retaliates…Alexa’s new job

 

NEW YORK (AP) – Stocks in the U.S. and elsewhere have skidded today. This, after President Donald Trump threatened to put tariffs on another $200 billion in imports from China, and the Chinese government said it would retaliate. Trump’s new proposal comes days after he ordered a 25 percent tax on up to $50 billion in imports from China. Beijing matched that with a tax on U.S. goods. The Dow industrials were down by more than 400 points earlier today, but have climbed back a bit.

 

MOSCOW (AP) – Russia has announced retaliatory measures in response to the U.S. move to impose tariffs on foreign steel and aluminum. The country’s economic development minister says additional tariffs will be applied to a range of U.S. imports, but he declined to immediately name them.

 

VIENNA (AP) – The oil ministers of the OPEC cartel are arriving in Vienna to discuss this week whether to increase production of crude oil and help ease the price of global energy. The officials were gathering today ahead of the official meeting Friday, when they will also confer with Russia, a non-OPEC country that has cooperated with the cartel to limit production since late 2016.

 

WASHINGTON (AP) – AT&T is joining Verizon in pledging to end sales of phone location data to brokers. The practice has drawn criticism from privacy advocates who say users often don’t know their data has been sold. AT&T says it will stop as soon as practical. Like Verizon, AT&T says it needs to make sure essential services as emergency roadside assistance are not affected.

 

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, 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.

 

 

AP-WF-06-19-18 1815GMT