Fed’s Brainard calls for ‘flexible’ average inflation target
The Federal Reserve should move from a strict 2% inflation target to a broad, “flexible” promise that inflation would average that level over time, a key member of the U.S. central bank’s board of governors said on Tuesday in one of the most explicit e…
Trade, Disney propel Wall Street to new record high
Wall Street’s three main indexes hit all-time highs on Tuesday, as comments by President Donald Trump on trade as well as gains for Disney and Best Buy countered weak consumer confidence data.
Activist investor seeks to oust Trump friend Barrack from CEO job at Colony Capital
Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost g…
Trump says near deal with China, but U.S. also has eye on Hong Kong
U.S. President Donald Trump said on Tuesday the United States was in the “final throes” in its attempt to reach a trade deal with China, but that at the same time Washington stands with protesters in Hong Kong, where it wants to see democracy.
U.S.-China trade deal close, White House says, after negotiators speak by phone
The United States and China are close to agreement on the first phase of a trade deal, White House adviser Kellyanne Conway said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues….
China sells $6 billion worth of dollar bonds, double official target
China sold $6 billion worth of dollar-denominated bonds on Tuesday, double its initial target.
China raises $6 billion in its biggest ever international bond sale
China raised $6 billion in its biggest ever international sovereign bond sale on Tuesday, as it pounced on the year’s sharp dive in borrowing costs.
Dollar, stocks trade mostly flat on trade talk optimism
The dollar and a gauge of global stock markets traded little changed on Tuesday as record highs on Wall Street were offset by caution as traders scrutinized the latest developments in the prolonged U.S.-China trade talks.
U.S. unveils procedure to shield telecom networks from national security threats
The United States on Tuesday set out a procedure to protect its telecommunications networks and their supply chains from national security threats, saying it would consider whether to bar transactions on a case-by-case basis.
NYSE looks to allow capital raise through direct listings
The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public through a direct listing, instead of an initial public offering, to raise capital.
