China now says it will impose duties on some of its own garments starting June 1st. That's Beijing's boldest response yet to concerns in the US over a flood of Chinese textiles. Last week, a federal task force announced plans to restrict imports of Chinese-made clothing. Trade officials say that will help protect US manufacturers, and save American jobs. But as Miranda Kennedy reports the move's more likely to help another big competitor.

You pay your money on Wall Street, you take your chances. There are after all no sure things in investing. But some things are a good deal less sure than others. For example, hedge funds. Here's Chris Farrell.