Investing.com - European equity indices closed lower Friday, reversing earlier gains after U.S. President Donald Trump reignited trade tensions with the European Union.The DAX index in Germany slumped 1.5%, the CAC 40 in France dropped 1.7% higher and the FTSE 100 in the U.K. fell 0.2%. Trump threatens EU with 50% tariff President Trump said on Friday that he is recommending a straight 5 ...
Investing.com -- Democratic Senators Elizabeth Warren and Richard Blumenthal have urged the U.S. Justice Department to prosecute Boeing (NYSE:BA) in a criminal fraud case related to two fatal 737 MAX crashes. They have also asked the department to reject a preliminary agreement that would let the aerospace company avoid admitting guilt.The senators expressed their concerns in a letter, stating tha ...
By Shashwat Chauhan and Kanchana Chakravarty (Reuters) -Wall Street’s main indexes slumped on Friday after U.S. President Donald Trump recommended 50% tariffs on the European Union, while Apple (NASDAQ:AAPL) tumbled after he warned it would have to pay tariffs if iPhones were not manufactured in the United States. "The European Union, which was formed for the primary purpose of taking advantage ...
Investing.com -- British stocks were lower on Friday afternoon after Donald Trump threatened a 50% tariff on the European Union, dragging down European indexes, while the British GBP/USD held at 1.35 for the first time since February 2022, supported by a weaker dollar and strong U.K. retail sales data.The blue-chip index FTSE 100 closed over 0.2% lower after the tariff threat, erasing earlier gain ...