Trump’s ambitious Fannie, Freddie overhaul faces hurdles
President Donald Trump’s administration faces a growing list of hurdles that could scuttle its ambitions to remove U.S. mortgage giants Fannie Mae and Freddie Mac from their government lifeline.
Wall Street nears record high on upbeat earnings, GDP data
U.S. stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showed the domestic economy slowed lesser than expected in the second quarter.
Oil steadies as Gulf tensions offset U.S. economic data
Oil prices steadied on Friday and were on track for a weekly increase as geopolitical tensions in the Middle East and concerns over the safety of oil transport in the Gulf countered slowing U.S. economic growth amid a U.S.-China trade war.
McDonald’s beats sales forecast on new deals, store revamp
McDonald’s Corp beat quarterly sales expectations at established U.S. restaurants on Friday, as the world’s largest burger chain attracted more diners with upgraded stores and new promotions, such as the 2 for $5 Mix and Match deal.
Alphabet shares jump 9% on ad rebound, cloud promise
Shares of Alphabet Inc rose nearly 9% in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth.
U.S. economy slows in second quarter; consumer spending accelerates
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
Instant View: U.S. second quarter GDP growth slows to 2.1% but tops estimates
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
U.S. economy misses Trump’s 3% target in 2018
U.S. economic growth in 2018 missed the Trump administration’s 3% target by any measure, which could renew criticism of the White House’s $1.5 trillion in tax cuts.
McDonald’s U.S. same-store sales top forecast on new deals, revamped stores
McDonald’s Corp beat quarterly sales expectations at established U.S. restaurants on Friday, as the world’s largest burger chain benefited from remodeled stores and new deals, including the 2 for $5 Mix and Match offer.
Alphabet says to continue talks with DoJ in antitrust review
Alphabet Inc on Thursday acknowledged a broader U.S. Department of Justice antitrust review of large technology firms and said it will continue to engage with the regulator.
