Wall Street close to record highs after upbeat earnings, GDP data
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
China’s Wanda Sports raises $190.4 million in downsized IPO
Wanda Sports Group , a sport events owner whose interests include the distribution of media rights in Asia for the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $19…
Trump warns Google after Treasury chief says no concerns on China
U.S. President Donald Trump on Friday kept up his pressure on global tech giant Google days after his Treasury secretary ruled out any national security concerns over the company’s work in China.
Wall St. rebounds, dollar gains on solid GDP data, upbeat earnings
U.S. stocks bounced back and the dollar hit a two-month peak on Friday as solid economic data and a spate of positive earnings reports brought buyers back to the market.
U.S. to deny tariff relief for Apple Mac Pro parts from China: Trump
U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on parts made in China for its Mac Pro computer and later added he thought the firm would build a plant in Texas.
Italy picks Deloitte to set up 500 million-euro real estate fund
Italy has picked the consulting firm Deloitte as its financial adviser in setting up a 500 million-euro real estate fund in an effort to squeeze money out of the property it owns, an official told Reuters on Friday.
Trump says second-quarter economic growth was ‘not bad’
U.S. President Donald Trump wrote in a tweet on Friday that second-quarter economic growth, which slowed by less than expected, was “Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck.”
Factbox: 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. [L2N24J0YC]
U.S.-China tensions weigh on Huawei’s ties with partners FedEx, Flex
U.S. FedEx Corp on Friday again apologized and blamed Washington’s ban on Huawei for being “unclear” as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
U.S. Justice Department expected to approve Sprint, T-Mobile deal on Friday
The U.S. Justice Department is expected to announce on Friday it is approving the $26 billion merger of Sprint Corp and T-Mobile US Inc, according to sources briefed on the matter.
