U.S.-China trade conflict could take years to resolve: Kudlow
White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from U.S.-China trade talks in September and October but cautioned that the trade conflict could take years to resolve.
Wall St. barely gains after mixed U.S. jobs data
The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China’s stimulus plan helped ease some concerns around global growth.
Exclusive: WeWork to press on with IPO launch despite valuation concerns – sources
WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday.
Spirit Airlines sales to take $25 million hit from Hurricane Dorian
Spirit Airlines on Friday cut its third-quarter outlook for a key revenue measure as it estimates an approximate $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.
The S&P 500 inches higher; Treasury yields dip after Powell remarks, jobs report
The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data.
Wall Street ekes out gains after mixed U.S. jobs data
Wall Street’s major indexes edged higher on Friday as investors digested mixed signals from the U.S. jobs report and bet on a Federal Reserve interest rate cut this month while China’s stimulus plan helped ease some concerns around global growth.
U.S. states launch antitrust probes of tech companies, focus on Facebook, Google
Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet’s Google and Facebook .
Apple says Uighurs targeted in iPhone attack but disputes Google findings
Apple Inc on Friday confirmed that China’s Uighurs, a mostly Muslim minority group considered a security threat by Beijing, had been the target of attacks due to iPhone security flaws, but disputed rival Alphabet Inc’s description of the effort to trac…
Fed Chair Powell repeats vow to act ‘as appropriate’
The U.S. Federal Reserve will continue to act “as appropriate” to sustain the economic expansion in the world’s biggest economy, Fed Chair Jerome Powell said Friday in Zurich, sticking to a phrase that financial markets have read as signaling further i…
U.S. hiring cools; wages, hours offer silver lining
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
