Wall Street ends near flat after U.S., China announce trade deal
The S&P 500 and the Dow industrials ended little changed on Friday after hitting record highs earlier in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.
T-Mobile CEO takes the stand in T-Mobile/Sprint merger trial
T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp.
Global shares gain, oil rises, but caution lingers on U.S.-China deal
Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China’s increased purchase of farm goods, cooling a contentious trade war.
Boeing bows out of multibillion-dollar Minuteman III replacement competition
Boeing Co has decided it will not compete as a prime contractor to replace the Pentagon’s aging U.S.-based Minuteman III missile system, paving the way for Northrop Grumman Corp to win a contract worth tens of billions of dollars.
U.S. may impose tariffs on Chinese imports if any disputes: Kudlow
The United States could levy tariffs against China if there are any disputes, White House economic adviser Larry Kudlow said about the U.S.-China “phase one” trade agreement announced on Friday.
SoftBank’s China strategy wobbles as key bets disappoint
For SoftBank Group Inc, financial technology firm OneConnect’s IPO should have been a vindication of an aggressive China investing strategy.
U.S.-China trade deal swaps tariff rollbacks for farm, energy purchases
The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm products and other goods.
Exclusive: French want PSA-Fiat board guarantee in $50 billion merger – sources
French shareholders in the planned merger of PSA and Fiat Chrysler are seeking reassurances that they will retain a numerical advantage on a combined board if CEO Carlos Tavares leaves, two sources close to PSA said.
Oil nears three-month high as trade hopes, UK election boost sentiment
Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.
Trump and Beijing officials agree to tariff rollbacks; no farm purchase commitment
The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm goods.
