CBS, Viacom to reunite as media giants bulk up for streaming
NEW YORK (AP) — The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing business of streaming video. Yet the bigger company still might not be big enough to be competitive, as larger rival Disney launches its own service in November and streaming pioneer Netflix spends even more on original shows and movies. CBS and Viacom announced reunion plans Tuesday.
Facing pressure, Trump delays tariffs on some Chinese goods
WASHINGTON (AP) — Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and dropping others altogether. The announcement was greeted with relief on Wall Street and by retailers who have grown fearful that the new tariffs would wreck holiday sales.
China's Xi gets tougher on Trump after new tariff threat
BEIJING (AP) — Facing another U.S. tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Both sides have incentives to settle a trade war that is battering exporters on either side of the Pacific and threatening to tip the global economy into recession. But Xi's government is lashing out and might be settling in for prolonged wrangling in response to what it deems American bullying and attempts to handicap China's economic development.
Stocks rebound on US plan to delay some China tariffs
NEW YORK (AP) — Stocks notched solid gains Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping...