Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020.
The price of biofuel blending credits tumbled Friday on mounting speculation that the fight by independent oil refiners to change U.S. laws mandating the use of ethanol will lead to rule changes.
China has already canceled several shipments from the U.S. in anticipation of tariffs on the country’s products. While Brazil is expected to take much of that market share, Russia is also benefiting.
President Donald Trump said he may prioritize a bilateral trade deal with Mexico over Canada and that he’s building a good rapport with Mexican President-elect Andres Manuel Lopez Obrador.
U.S. President Donald Trump has shown a penchant for trying to bully America’s trading partners into concessions at the negotiating table. In China, he faces a rising superpower with the economic might to hold its own.
Eli Lilly & Co.’s Elanco Animal Health Inc. business raised $1.5 billion in its U.S. initial public offering, pricing its shares above the marketed price range.
It’s a ‘sell it or smell it’ business, says the CEO of Smithfield Foods, Inc., which it part of the Chinese-owned WH Group. With the high Chinese tariffs, the company is finding markets elsewhere for its products.
