Month: July 2018

Lufthansa plans to end an agreement to lease planes to Laudamotion, saying the Austrian leisure carrier has failed to meet payments, leading to a dispute with rival, and Laudamotion backer, Ryanair .

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U.S. economic growth has been solid during the first half of the year and the Federal Reserve continues to expect to raise interest rates gradually, the central bank said on Friday in an upbeat semi-annual report to Congress.

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Build-A-Bear Workshop Inc’s chief executive on Friday apologized to disappointed customers and offered an extended discount, a day after its one-day pay-your-age event prompted massive crowds and shortages at some stores.

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U.S. President Donald Trump said he would discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin in Helsinki on Monday.

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U.S. stock indexes were little changed on Friday as a slide in financials on the three big Wall Street banks reporting mixed results was offset by gains in industrials as the U.S.-China trade rhetoric eased overnight.

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A federal judge has dismissed the U.S. Securities and Exchange Commission’s lawsuit accusing two former Och-Ziff Capital Management Group LLC executives of masterminding a scheme to funnel tens of millions of dollars of bribes to African officials.

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The dollar rose on Friday to a two-week peak against a basket of currencies after data showing a record Chinese trade surplus, which may add fuel to U.S.-China trade tensions, spurring more investors to pile into the safety of the greenback.

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U.S. President Donald Trump will discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin in Helsinki on Monday.

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U.S. President Donald Trump said on Friday he looked forward to finalizing a post-Brexit trade deal with Britain, marking an abrupt change from a newspaper interview when he said Prime Minister Theresa May’s strategy would kill such an agreement.

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Wells Fargo & Co posted a quarterly profit that fell short of analyst estimates on Friday as expenses increased due to former missteps and lending activity dropped, sending its shares down 4 percent in early trade.

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U.S. President Donald Trump said on Friday he looked forward to finalizing a post-Brexit trade deal with Britain, striking a contrasting tone to a newspaper interview when he said Prime Minister Theresa May’s strategy would kill such an agreement.

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Citigroup Inc’s quarterly profit topped Wall Street estimates on strength in its consumer banking business, but revenue missed expectations, weighed down by lower debt underwriting.

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U.S. stock index futures were flat on Friday after a mixed bag of results from the three big Wall Street banks kicked off what is expected to be a strong corporate earnings season.

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Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.

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