No place like home: Chinese firms stung by trade war build up domestic brands

For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips (PHG.AS) and Honeywell (HON.N) with products made in its Chinese factories for the U.S. and other overseas markets. That strategy paid off, helping it grow into the world’s second-largest maker of robotic vacuum cleaners. […]

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The S&P 500 inches higher; Treasury yields dip after Powell remarks, jobs report

The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data. The roller-coaster week began with a flight to safety driven by trade […]

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