Though growth has slowed, the e-commerce giant’s results signal that the country’s consumers still feel comfortable enough to open their wallets. Source: NYT > Business – Sui-Lee Wee and Raymond Zhong
Trump Says ‘Hong Kong Is Not Helping’ in Trade War With China
President Trump made his most extensive comments yet on Hong Kong’s protest movement, and suggested that its fate be tied to a trade deal. Source: NYT > Business – Daniel Victor
Trump Delays a Holiday Tax, but Toymakers Are Still Worried
Toymakers are already looking ahead to next year’s holiday season, and fretting about the crippling uncertainty that the president’s trade policy has created for them. Source: NYT > Business – Ana Swanson
Trump Says ‘Hong Kong Is Not Helping’ in Trade War With China
President Trump made his most extensive comments yet on Hong Kong’s protest movement, and suggested that its fate be tied to a trade deal. Source: NYT > Business – Daniel Victor
Markets Are Shaken by New Signs of Global Economic Trouble
Shares on Wall Street fell sharply after reports showed a slowdown in China and a contraction in Germany, partly reflecting the U.S. trade war’s impact. Source: NYT > Business – Nelson D. Schwartz, Jack Ewing, Matt Phillips and Stephen Grocer
In Delaying Tariffs, Trump Faces Up to Economic Reality
President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers. Source: NYT > Business – Jim Tankersley