Bloomberg Amazon.com Inc.’s fourth annual Prime Day event lured shoppers from around the world, highlighting the promotion’s evolution from a rummage sale of obscure products to 36 hours of discounts on major brands such as Samsonite luggage, Callaway golf clubs and General Mills cereals. It’s a sharp contrast from the first Prime Day in 2015, when customers kvetched on social ...

Bloomberg President Donald Trump said he’s ‘ready to go’ with $500 billion in tariffs on Chinese imports, saying the US has been taken advantage of for too long. “I’m not doing this for politics. I’m doing this to do the right thing for our country,” Trump said in a CNBC interview. “We are being taken advantage of and I don’t ...

Bloomberg Delegates at the Group of 20 meeting of finance ministers and central bank chiefs began the delicate task of addressing growing trade tensions without upsetting US President Donald Trump. Negotiators drafting the summit’s final statement in Buenos Aires worked on language that would reiterate a positive global economic outlook while highlighting risks, including the escalating dispute over trade, according ...

Bloomberg The European Union (EU) is preparing a new list of American goods to hit with protective measures if a mission to Washington fails to persuade US President Donald Trump not to raise levies on car imports. “If the US would impose these car tariffs that would be very unfortunate but we are preparing together with our member states a ...

Bloomberg Canada’s economy is proving increasingly robust in the second quarter, with inflation and retail sales coming in ahead of economists’ expectations. The consumer price index rose at an annual pace of 2.5% in June, the fastest year-over-year acceleration since 2012, Statistics Canada said. Economists in a Bloomberg survey anticipated a 2.3% increase. In a separate report, the agency said ...

Bloomberg For more than two years, a small and stealthy group of engineers within Google has been working on software that they hope will eventually replace Android, the world’s dominant mobile operating system. As the team grows, it will have to overcome some fierce internal debate about how the software will work. The project, known as Fuchsia, was created from ...

The Trump administration may have declared it over, but a new War on Poverty is coming anyways. It will be fought largely over the “work requirement” — should the government require welfare recipients either to get a job or to train for one? It’s a philosophical as much as a practical question. A work requirement addresses a dilemma of all ...

Morgan Stanley is, all of a sudden, Wall Street’s big spender. The Wall Street firm reported second-quarter earnings that were broadly better than expected. Most notable was Morgan Stanley’s fixed-income and commodities trading, which beat expectations. Rival Goldman Sachs Group Inc missed in that unit, where it had once dominated Morgan Stanley, but the fortunes of the two firms have ...

The interest-rate futures market is convinced the Bank of England will raise borrowing costs next month. But three consecutive sets of disappointing economic statistics this week should restrain the hawks on the Monetary Policy Committee from turning the present political and economic drama into a crisis. The pound lurched lower, dropping below $1.30, after disappointing retail sales figures. The combination ...

The greatest hope of European regulators cracking down on Google’s business practices is that the rest of the world becomes a little more like China and its flourishing technology industry. It’s hard to imagine the European bureaucrats’ dreams will come true. In China, government restrictions and Google’s strategic decisions have left the country’s technology market to operate almost free from ...