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President Trump's trade war threat drove the Dow lower for the second straight day.The Dow fell as much as 391 points on Friday, but it recovered most of those losses and finished down 71. The Nasdaq and the S&P 500 both ended with modest gains after falling 1% earlier in the day.The sell-off began Thursday after Trump announced that his administration would impose a 25% tariff on steel imports and a 10% tariff on aluminum. Trump has not said whether some countries would be excluded from the tariffs.For the market, "this really could be something new and worse than we have seen so far," said Brad McMillan, chief investment officer at Commonwealth Financial Network.  691

Prince Harry and Meghan Markle will spend the night before their wedding at separate luxury hotels near Windsor Castle.Prince Harry will spend his final night as a bachelor with his brother and best man, Prince William, at Coworth Park Hotel, which is part of the Dorchester Collection.Set on several acres of lush parkland, Coworth Park is a country house around 20 minutes away from Windsor, complete with opulent suites and lavish interiors where prices run from ￡1,270 (,725) a night. 498

President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

Price gouging continues to be a problem for Amazon shoppers, according to the U.S Public Interest Research Group (PIRG).A consumer watchdog says the price spikes are not based on normal supply and demand.“People are really struggling right now, and the last thing that they need to worry about is going to the store or going online and finding the products that they really need to keep themselves safe at ridiculous prices,” said Grace Brombach, a consumer watchdog associate with U.S. PIRG.U.S. PIRG found a wide range of products can cost two to 14 times more. For example, disinfecting wipes cost nearly on amazon, compared to about at other stores.They suggest making sure you know the average price and shopping around.As part of the HEROES Act, Congress passed price gouging legislation.Some states have bills to further define emergency products to fight price spikes. Still, U.S. PIRG expects this problem to continue.“We see situations like this come up in hurricanes and tornadoes, when people need to buy space heaters and electric lamps,” said Brombach. “And so, this will continue to be a problem going into the future if we don't address this issue now.”Early on in the pandemic, Amazon removed thousands of listings and third party sellers from its website for suspected price gouging.In August, Amazon said it was working to maintain its “fair pricing policy” while taking reasonable increases into account. 1439

President Trump wants Japan Inc to "try" building vehicles in the U.S."Try building your cars in the United States instead of shipping them over. Is that possible to ask? That's not rude. Is that rude? I don't think so," Trump told executives from automakers including Toyota and Mazda during a trip to Japan on Monday.Japanese automakers, however, already have huge factories in the U.S. that churn out millions of cars each year. 439

来源：资阳报