Business News
Traders bet U.S. hiring slowdown will speed Fed rate cuts
The Federal Reserve is just about done being patient.
Articles by admin
Business News
France’s Sanofi bets on new CEO to drive sluggish drug sales
In veteran drug salesman Paul Hudson, Sanofi’s 100,000-plus employees are getting a new chief executive who relishes a good commercial fight.
Business News
Wall Street rises on rate-cut hopes, China tariff delay
U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while the United States’ decision to delay tariffs on Chinese goods lifted the mood.
Business News
Spirit cuts workweek in wake of 737 MAX groundings: union
Boeing Co’s largest supplier Spirit AeroSystems Holdings Inc is reducing its workweek to 32 hours in response to the 737 MAX groundings, a labor union for the aerospace industry said on Friday.
Business News
U.S. gives Chinese imports more time before more tariffs hit
U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a U.S. government notice posted online on Friday
Business News
Europe’s 5G to cost $62 billion more if Chinese vendors banned: telcos
A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.
Business News
Wall St. opens higher on rate-cut hopes, China tariff delay
U.S. stocks opened higher on Friday, after a weak payrolls data in May increased bets that the Federal Reserve would lower interest rates, while news that the United States would give China more time to avoid a tariff hike helped add to the gains.
Business News
Traders pile into bets on Fed interest-rate cuts this year
The Federal Reserve is just about done being patient.
Business News
Beyond Meat top choice for Wall Street after bullish results
Shares of Beyond Meat Inc surged 27% on Friday after the vegan burger maker forecast that sales would more than double overall in 2019 after they tripled in the first quarter.
Business News
U.S. stock futures gain on hopes of rate cut, China tariff delay
U.S. stock index futures rose on Friday as hopes of an interest rate cut by the Federal Reserve were lifted by a sharp slowdown in May domestic job growth and moderate wage increases.
Business News
U.S. May payrolls rose less than expected
U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.
Business News
U.S. job growth slows sharply in May; wage gains moderate
U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.
Business News
Stock futures erase gains after sharp slowdown in May jobs growth
U.S. stock index futures pared gains on Friday after data showed domestic job growth slowed sharply in May and wages rose less than expected, adding to concerns over the pace of economic growth.
Business News
UBS switches stance with plan to offer $113 million tax settlement in Italy
UBS looks set to agree a 100 million euro ($113 million) settlement of a money laundering and tax case in Italy within the next few weeks, according to people familiar with the matter, in contrast to a similar case in France.
Business News
U.S.-Mexico migration talks continue as Trump returns to Washington
U.S.-Mexico migration talks were set to resume on Friday as Mexican officials continue their push to reach an agreement that would avert U.S. tariffs set to take effect next week.