Cosmetics maker L’Oreal said on Friday it had reached a settlement with French tax authorities regarding three of its subsidiaries, including one linked to its luxury Lancome brand, resulting in a charge of around 320 million euros.
After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions over the state of the economy and what should be done about it on full display Friday with warnings of a slowdown and financial risks bookending talk of how well things are going.
Boston Federal Reserve President Eric Rosengren on Friday said he might temper his opposition to interest rate cuts if he starts to see weakness in consumer spending.
Rep. David Cicilline, chair of the House Judiciary Committee’s antitrust panel, said on Friday that Facebook Chief Executive Mark Zuckerberg pledged cooperation with the panel’s probe into online markets during a meeting on Capitol Hill.
U.S. President Donald Trump said his administration was “making a lot of progress” with China on Friday, as deputy-level trade talks continued for a second day and Washington lifted tariffs on over 400 Chinese products.
Oil prices rose about 1% on Friday, with Brent set for its biggest weekly gain since January, lifted by rising Middle East tensions and supply concerns after an attack on Saudi Arabia’s energy industry last weekend.
Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices.
U.S. stocks ticked higher on Friday, as cues of easing monetary policy around the globe and signs of further co-operation on Sino-U.S. trade talks kept the S&P 500 within 1% of a record high.
Mitsubishi Corp said on Friday a trader at its Singapore-based unit had lost $320 million through unauthorized transactions in crude oil derivatives, and the matter had been reported to the police.
Some politicians want to vilify the wealthy, blaming their success for others’ misfortune.
Today, Alexander Green explains why this is a fallacy and how wealth building is possible for all Americans if they take responsibility for their financial well-being.
Bestselling author and cable news superstar Bill O’Reilly – a longtime subscriber and, more recently, generous friend and supporter of my work – had me on his webcast Tuesday to talk about a subject of mutual interest: economic inequality.
(Click here to watch our interview.)During our conversation, Bill pointed out that Senators Bernie Sanders and Elizabeth Warren actively promote the idea that people who …read more […]
The rise in co-working spaces like those offered by WeWork may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said on Friday.
President Donald Trump told reporters on Friday the United States is making a lot of progress with China, as two of the world’s biggest economies work toward resolving their protracted trade dispute.
An index of global stock markets edged higher on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks.
The U.S. consumer sector is in excellent shape but risks to the economic outlook mean that the Federal Reserve will decide the course of interest rates from one meeting to the next, Fed Vice Chair Richard Clarida said on Friday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
