Month: June 2019

U.S. manufacturing activity barely grew in early June and the service sector cooled, signs that President Donald Trump’s trade war with China could be weighing on the economy.

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All eyes will be on U.S. President Donald Trump and China’s President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.

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Citigroup Inc has hired a slew of senior bankers from rivals as it looks to bolster its investment bank, the bank said on Friday.

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The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.

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The S&P 500 hit a new all-time high on Friday, as U.S. Vice President Mike Pence’s decision to defer a planned speech on China policy rekindled optimism over trade talks between the world’s two largest economies.

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Four more U.S. states have joined an unusual effort by state attorneys general to stop T-Mobile US Inc’s acquisition of Sprint Corp, a New York official said at a court hearing on Friday.

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Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East, while increases on Wall Street kept a gauge of global stock markets near seven-week highs.

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Four more U.S. states have signed on to an unusual effort by state attorneys general to stop T-Mobile US Inc’s acquisition of Sprint Corp, a New York official said at a court hearing on Friday.

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Oil futures rallied on Friday with U.S. crude up 10% in the week and global benchmark Brent gaining 5% on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output.

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Two U.S. central bankers on Friday sounded the alarm on sluggish U.S. inflation and called for immediate action in response, in what amounted to a broadside against the slim majority of Federal Reserve policymakers who are disinclined to support interest rate cuts this year.

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U.S. stocks slipped on Friday as rising tensions between the United States and Iran slammed the brakes on this week’s run that lifted the S&P 500 to a record high.

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U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a key piece of the 2010 Dodd-Frank law introduced following the 2007-09 financial crisis.

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U.S. stocks opened modestly lower on Friday, as rising tensions between the United States and Iran kept investors on edge, taking the shine off a rally in the prior session that pushed the S&P 500 to a record high.

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The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.

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Wall Street was set to open lower on Friday as rising tensions between the United States and Iran kept investors on edge, taking the shine off a rally in the prior session that pushed the S&P 500 to a record high.

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