Wall Street falls as Fed signals smaller rate cut
Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.
Ford to lay off 185 workers at Canadian plant: union
Ford Motor Co will lay off about 185 employees in September at a Canadian manufacturing plant in Oakville, Ontario, with the possibility of more layoffs in January, the union local said on Friday.
Global stocks down as big rate cut hopes fade, dollar rises
A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal Reserve at its next meeting were dialed back, pushing the dollar higher.
Trump: U.S. had ‘very good talk’ with China; in-person talks may follow
U.S. President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart, amid signals from China that officials could soon meet face-to-face in their bid to end a yearlong trade war.
Wall Street falls as expectations for hefty Fed cut trimmed
Wall Street’s main indexes edged lower on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.
American Airlines-Qantas joint venture wins final U.S. approval
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016.
Airbus mimics nature with ‘Bird of Prey’ concept plane
Airbus on Friday unveiled a concept aircraft with splayed wingtips and a fanned tail inspired by the feathers of an eagle as it experiments with “biomimicry” technology that could eventually lead to quieter landings and less pollution.
Trump: U.S. treasury secretary had ‘very good talk’ with Chinese counterpart
President Donald Trump said on Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart.
Oil climbs as Middle East tensions offset demand worries
Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud.
Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated.
