Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed’s key rate will edge up above a policy range, possibly forcing it to permanently hold more assets than planned.
U.S. stocks resumed their selloff on Friday, with the S&P poised to join the Nasdaq in correction territory, sparked by grim earnings reports from Alphabet and Amazon that eclipsed data showing the U.S. economy continued to grow at a healthy clip.
The European Commission said on Friday that it had approved Sony Corp’s plan to take full control of EMI Music Publishing, saying the deal would not raise competition concerns.
Shares of Amazon.com Inc dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.
U.S. stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief.
U.S. stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief.
Euro zone finance ministers will discuss Italy’s 2019 draft budget at their next meeting, on Nov. 5, despite Italian requests to postpone the talks, a European Union official told Reuters on Friday.
Central banks must remain independent from governments if they are to control inflation, the head of the European Central Bank said on Friday, as he was being attacked by the Italian government over his remarks on the country’s situation.
A judge on Friday denied the Serious Fraud Office’s application to reinstate charges against Barclays over its 2008 capital raising, potentially ending the biggest remaining legal headache facing the bank over its conduct during the financial crisis.
U.S. stocks opened lower on Friday, as disappointing earnings from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but losses were limited by data that showed economic growth slowed less than expected last quarter.
British supermarket Asda , which is subject to a proposed takeover by rival Sainsbury’s , said on Friday it would start consulting with staff over the potential loss of up to 2,500 jobs next year.
U.S. stock index futures dropped on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but losses were cut on data showing economic growth slowed less than expected last quarter.
British supermarket Asda , which is subject to a proposed takeover by rival Sainsbury’s , is to start consulting with staff over the potential loss of up to 2,500 jobs next year, the Press Association reported on Friday, citing sources.
U.S. stock index futures pared some losses on Friday after economic data showed that the U.S. economy grew at a lower pace than expected.
The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly a four years and a surge in inventory investment.
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