Business & Finance News
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
Wells Fargo & Co said on Friday it expects to refund some servicing fees to customers who may have been confused about how to avoid monthly charges.
Global equity markets rallied on Friday, buoyed by a U.S. payrolls report that blew past expectations, while the dollar weakened after several Federal Reserve officials voiced concerns about low inflation.
U.S. President Donald Trump said on Friday the trade deal the United States is negotiating with China is going pretty well.
Wall Street’s main indexes rose in a broad-based rally on Friday, as job growth surged in April and unemployment rate dropped, pointing to solid expansion in the domestic economy.
Two Federal Reserve policymakers on Friday said they were increasingly worried about weak inflation, an indication that some U.S. central bankers see a growing case for a future interest rate cut even as others push for continued patience.
Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe.
U.S. Vice President Mike Pence said on Friday that President Donald Trump would “stand firm” on his demands for structural changes to China’s trade practices, and removal of U.S. tariffs on Chinese goods would be a part of a mechanism to enforce any deal with Beijing.
Global equity markets climbed on Friday, buoyed by a U.S. payrolls report that blew past expectations, while the dollar weakened after comments on inflation from some Federal Reserve officials.
Japan’s SoftBank Group Corp is considering an initial public offering of its $100 billion Vision Fund, a source familiar with the matter said on Friday.
British travel company Thomas Cook said on Friday it was in talks with its lenders about its finances after the indebted firm’s bond prices dropped over concern about its ability to pay its debts.
Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company’s cash-depleted balance sheet.
Wall Street’s main indexes gained on Friday, as a surge in job additions in April pointed to a solid domestic economy, while a steady rise in wages backed the Federal Reserve’s patient view on interest rate hikes.
Brazil cosmetics company Natura intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.
General Motors Co said Friday it is recalling 368,000 medium- and heavy-duty diesel trucks equipped with engine-block heaters for fire risks after 19 reports of fires.
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