Explainer: U.S., China more divided than ever as new trade talks loom
Senior U.S. and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever.
Mitsubishi Aircraft signs MOU for 100 SpaceJet planes
Mitsubishi Aircraft Corp and Mesa Airlines Inc, a regional airline operator, entered into a memorandum of understanding to begin talks on purchase of 100 SpaceJet M100 aircraft.
Trump administration considering increase in U.S. biofuels mandates: document
The Trump administration is considering increasing U.S. biofuels mandates by 1 billion gallons for 2020, according to a document seen by Reuters, the latest bid to quell farmer anger over a recent broad use of exemptions for oil refiners.
High-flying IPO stocks sell off after quarterly results
Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their high valuations.
U.S. Treasury calls for recapitalizing Fannie, Freddie in long-awaited overhaul plan
The U.S. Treasury on Thursday said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae and Freddie Mac, while calling on Congress to pen comprehensive housing reform that would allow the pair to be safely freed from …
Fannie, Freddie and the government: it’s complicated
The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury’s holdings in the two firms.
U.S. audit regulator levied only $6.5 million in fines in 16 years: study
A top U.S. accounting watchdog has brought only 18 enforcement actions and levied just $6.5 million in fines against the Big Four accounting firms in its 16-year existence, according to a study published on Thursday.
WeWork mulls slashing IPO valuation as skepticism rises over business model: sources
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people fami…
Stocks rally, Treasury yields rise on easing trade fears
U.S. stocks followed worldwide equities to one-month highs and Treasury yields rose sharply on Thursday as renewed U.S.-China trade optimism and upbeat U.S. economic data stoked risk appetite and lured investors away from safe-haven assets.
GM CEO Barra calls meeting with Trump ‘productive and valuable’
General Motors Chairman and Chief Executive Officer Mary Barra said her face-to-face session with U.S. President Donald Trump on Thursday was “productive and valuable,” but declined to offer specifics.
