Stocks end week on high note with fresh optimism for US-China trade dealPosted: Updated:
Here's a look at your business and tech headlines from Cheddar on News 12:
Stocks ended the week on a high note thanks to fresh optimism for US-China trade negotiations. President Trump and China's top trade negotiator met face-to-face Friday afternoon. The talks had been in a stalemate for months, but both sides finally agreed to sit down this week in the hopes of preventing further tariffs.
Ongoing protests in Hong Kong are emerging as a major challenge for U.S. companies doing business in China. The controversy began with the Houston Rockets but became a full-blown backlash involving some of the biggest corporations in America. Apple yanked a Hong Kong mapping app after criticism from Chinese state media, and video-game publisher Activision Blizzard suspended a pro gamer for shouting a pro-protest slogan, stripping him of prize money.
The Boeing 737 Max might fly again -- but not until the new year. Major airlines including United and Southwest extended cancellations of their Max fleets to January. The jet's grounding, now in its eighth month, has eaten into profits for most major airlines.