Business & Finance News
The Federal Reserve is listening to concerns expressed by markets and open to reassessing its policy views next year, one of the most influential Fed officials said on Friday, even while he stood by plans for a couple more interest-rate hikes and further paring of a bond portfolio.
Wall Street swung between losses and gains in volatile trading on Friday that traders blamed on the expiration of stock futures and options, with only the defensive sectors staying higher consistently, highlighting concerns over slowing growth.
Wall Street’s three main indexes gave up most of their earlier gains in volatile trading on Friday that traders blamed on the expiration of stock futures and options, with only the defensive sectors of the market staying consistently higher, highlighting concerns of slowing growth.
The European Union’s data watchdog will decide in coming weeks if financial regulators around the world can routinely swap information to keep markets clean without getting tangled up in the EU’s new data protection regime.
Nike Inc shares rose 9 percent on Friday, after the company’s solid quarterly results eased worries that escalating trade tensions between Washington and Beijing would weigh on China demand and hurt the sportswear maker’s growth story.
The Federal Reserve is open to reassessing its views and listening to market signals that the U.S. economy could fall short of expectations, but for now further rate hikes appear appropriate and it is not yet ready to reconsider its portfolio-trimming plan, an influential policymaker said on Friday.
Wall Street rose in volatile trading on Friday, after two days of heavy losses, with the biggest gains coming in defensive sectors, showing concerns that slowing global growth and the threat of a U.S. government shutdown weighed on investors’ minds.
World stock markets continued a week-long sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxiety that global economic growth is slowing.
U.S. stocks opened slightly higher on Friday after encouraging economic data, but were still pressured by worries over slowing global growth and the threat of a U.S. government shutdown.
Cargill, Bunge and other global traders have halted food supply deals with Iran because new U.S. sanctions have paralyzed banking systems required to secure payments, industry and Iranian government sources say.
The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders and shipments of manufactured capital goods falling in November.
U.S. stock futures were slightly lower on Friday, cutting earlier losses after encouraging economic data, but were still pressured by worries over slowing global growth and the threat of a U.S. government shutdown.
The pace of U.S. vehicle sales is set to slow for the sixth straight month in December despite aggressive discounts from manufacturers, according to industry consultants J.D. Power and LMC Automotive.
The U.S. economy slowed in the third quarter a bit more than previously estimated, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter.
U.S. stock futures cut losses and even edged marginally higher on Friday after data showed third-quarter economic growth was revised lower, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year.
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