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Google Business NewsSep 24, 2018
New Chinese tariffs are about to make your home renovation more expensive - CNBC

CNBC


Home renovation demand is soaring, and so are the costs to do it, thanks to a new round of tariffs on goods imported from China. The latest round hits about $10 billion worth of Chinese products exclusive to homebuilding and remodeling, according to
Global Stocks Dip on Report China Calls Off US Trade Talks


MarketWatch MarketPulseSep 24, 2018
Dow ends 180 points lower, snaps 4-session streak, as renewed trade-war fears sink stock mark
U.S. stocks ended lower Monday, and the Dow Jones Industrial Average halted a four-session winning run, as tensions over the U.S. and China's trade fight sapped appetite for assets considered risky. The Dow fell about 180 points (on a preliminary basis) to 26,562, booking its first close without also logging an all-time high since Thursday. Shares of Apple Inc. and Walt Disney Co. helped to lift the blue-chip gauge but those gains were more than offset by declines in Home Depot Inc. and Boeing Co. , which delivered the biggest drag on the gauge. The S&P 500 index , meanwhile, gave up 0.4% at 2,919, while the Nasdaq Composite Index eked out a slight gain, up less than 0.1% at 7,993, supported by the advance in Apple and shares of Microsoft Corp. . On Monday, Chinese officials called off planned negotiations on trade with the U.S. and fired back against the administration of President Donald Trump, accusing it of "trade bullyism." A set of reciprocal tariffs on U.S. and Chinese imports were set to be imposed on Monday, underlining escalating tensions between the global economic superpowers. The energy sector was a bright spot on the day as crude-oil prices surged after major energy producers over the weekend declined to commit to increasing crude output to address expected supply disruptions at a closely watched producer meeting. Global benchmark oil, Brent oil , finished at a nearly four-year high on Monday, while the U.S. counterpart, West Texas Intermediate crude , closed at the highest level in about two months, bolstering the energy sector . In corporate news, a number of deals were in focus, including a deal by Sirius XM Holdings Inc. to purchase streaming-music company Pandora Media Inc. in a acquisition valued at $3.5 billion. Separately, Randgold Resources Ltd. and Barrick Gold Corp. said they planned on merging in an all-share deal that will create an $18.3 billion gold-mining giant.

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