U.S. Federal Reserve Chairman Jerome Powell will have to walk a fine line to avoid roiling the stock market next week, even if the central bank delivers on expectations and lowers interest rates for the first time in more than a decade.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Wanda Sports Group , a sport events owner whose interests include selling sponsorship rights to the FIFA World Cup, on Friday priced its downsized U.S. initial public offering (IPO) below its targeted range to raise $190.4 million.
U.S. President Donald Trump on Friday kept up his pressure on global tech giant Google days after his Treasury secretary ruled out any national security concerns over the company’s work in China.
U.S. stocks bounced back and the dollar hit a two-month peak on Friday as solid economic data and a spate of positive earnings reports brought buyers back to the market.
Twitter Inc on Friday reported better-than-expected second-quarter revenue as design changes to its microblogging website attracted more users and advertisers, sending its shares up 10%.
Italy has picked the consulting firm Deloitte as its financial adviser in setting up a 500 million-euro real estate fund in an effort to squeeze money out of the property it owns, an official told Reuters on Friday.
U.S. President Donald Trump wrote in a tweet on Friday that second-quarter economic growth, which slowed by less than expected, was “Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck.”
U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on its Chinese-made parts for its Mac Pro computer.
U.S. FedEx Corp on Friday again apologized and blamed Washington’s ban on Huawei for being “unclear” as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
The U.S. Justice Department is expected to announce on Friday it is approving the $26 billion merger of Sprint Corp and T-Mobile US Inc, according to sources briefed on the matter.
President Donald Trump’s administration faces a growing list of hurdles that could scuttle its ambitions to remove U.S. mortgage giants Fannie Mae and Freddie Mac from their government lifeline.
U.S. stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showed the domestic economy slowed lesser than expected in the second quarter.
Oil prices steadied on Friday and were on track for a weekly increase as geopolitical tensions in the Middle East and concerns over the safety of oil transport in the Gulf countered slowing U.S. economic growth amid a U.S.-China trade war.
McDonald’s Corp beat quarterly sales expectations at established U.S. restaurants on Friday, as the world’s largest burger chain’s attracted more diners with upgraded stores and new promotions, such as the 2 for $5 Mix and Match deal.
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