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.
Shares of Alphabet Inc rose nearly 9% in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
Wall Street was set to open higher on Friday, lifted by robust earnings from Google-owner Alphabet and Intel, and data that showed the U.S. economy slowed lesser than expected in the second quarter.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
U.S. economic growth in 2018 missed the Trump administration’s 3% target by any measure, which could renew criticism of the White House’s $1.5 trillion in tax cuts.
McDonald’s Corp beat quarterly sales expectations at established U.S. restaurants on Friday, as the world’s largest burger chain benefited from remodeled stores and new deals, including the 2 for $5 Mix and Match offer.
Alphabet Inc on Thursday acknowledged a broader U.S. Department of Justice antitrust review of large technology firms and said it will continue to engage with the regulator.
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