Soft U.S. factory activity darkens economic outlook
U.S. manufacturing activity barely grew in early June and the service sector cooled, signs that President Donald Trump’s trade war with China could be weighing on the economy.
Wall St. Week Ahead: Investors eye G20 with hopes for U.S.-China trade detente
All eyes will be on U.S. President Donald Trump and China’s President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.
Citi hires slew of senior bankers away from rivals
Citigroup Inc has hired a slew of senior bankers from rivals as it looks to bolster its investment bank, the bank said on Friday.
International airlines’ response to FAA on Iran airspace
The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.
Fed’s Brainard says risks bolster argument for lower-than-expected rates
Policymakers have to shift down their future interest rate expectations because of growing risks to the U.S. economy, a Federal Reserve official said on Friday in remarks that reinforce expectations that the central bank could cut rates soon.
S&P 500 hits fresh record high as Pence sparks trade optimism
The S&P 500 hit a new all-time high on Friday, as U.S. Vice President Mike Pence’s decision to defer a planned speech on China policy rekindled optimism over trade talks between the world’s two largest economies.
Four more states join lawsuit to stop T-Mobile-Sprint deal
Four more U.S. states have joined an unusual effort by state attorneys general to stop T-Mobile US Inc’s acquisition of Sprint Corp, a New York official said at a court hearing on Friday.
Four states join lawsuit to stop T-Mobile-Sprint deal
Four more U.S. states have joined an unusual effort by state attorneys general to stop T-Mobile US Inc’s acquisition of Sprint Corp, a New York official said at a court hearing on Friday.
Oil up on Iran tensions, stocks hover at seven-week highs
Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East, while increases on Wall Street kept a gauge of global stock markets near seven-week highs.
Two Fed policymakers sound inflation alarm, call for rate cuts
Two U.S. central bankers on Friday sounded the alarm on sluggish U.S. inflation and called for immediate action in response, in what amounted to a broadside against the slim majority of Federal Reserve policymakers who are disinclined to support intere…
