The Wall Street Journal: Ross: Too early to say if U.S. will slap 25% tariff on autos

Getty Images Wilbur Ross WASHINGTON—Commerce Secretary Wilbur Ross said Thursday that it is “too early” to say whether the Trump administration will move ahead with proposed tariffs of up to 25% on imported vehicles and auto parts. Speaking ahead of a hearing in Washington, Ross said the government is still analyzing whether it will impose … Read more

Trade tariffs mean companies will spend less on growing their business in 2019, says Fitch

The tit-for-tat trade tariffs being imposed by the U.S. and China governments and European Union are likely to dampen capital spending by U.S. companies in 2018 and lead to a decline in spending in 2019 that may mark an inflection point in the late-stage business cycle. That’s the view of Fitch Ratings in a report … Read more

CryptoWatch: A 30% rally in bitcoin in less than a month has bulls eyeing $10,000 and beyond

Cryptocurrency evangelists are coming out of the woodwork as the world’s most prominent digital currency enjoys a sudden change in fortune. In less than a month, bitcoin BTCUSD, +1.07%  has roared back, rising more than 30% since June 24, highlighted by Tuesday’s 10% rally that saw bitcoin break a number of psychological and technical levels … Read more

Market Extra: High-flying tech sector is vulnerable to deteriorating credit quality

Both equity and bond investors have continued to crowd into the U.S. technology sector in 2018, but deteriorating credit quality of this sector suggests serious troubles ahead, according to analysts at S&P Global Ratings. Nearly half of the $698 billion borrowed by technology companies since 2013 was issued by Apple Inc. AAPL, +0.50% Microsoft Corp. … Read more