U.S., Mexico resume talks to avert tariffs as deadline approaches
U.S. and Mexican negotiators resumed migration talks on Friday to try to avert a potential trade war that could hurt both countries’ economies and rattle investors already nervous about Washington’s escalating battle with China.
Trump says ‘good chance’ U.S. will make a trade deal with Mexico
U.S. President Donald Trump said on Friday there was a “good chance” the United States would make a trade deal with Mexico, but that if the two countries failed to make an agreement a 5% tariff would be imposed on Mexican imports on Monday.
Oil rises nearly 3% as Saudi signals OPEC deal extension, stocks rally
Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June and as Wall Street rallied.
FedEx to end Amazon contract for FedEx Express plane service
FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-hou…
Is the U.S. economy about to contract? Three charts say maybe not
Weak U.S. hiring data led investors to raise bets on Friday the U.S. Federal Reserve will cut interest rates later this year to stave off a recession. Is the U.S. economy really showing signs of rolling over?
Weak U.S. employment report raises red flag on economy
U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year….
Boeing delayed fix of defective 737 MAX warning light for three years: U.S. lawmakers
Boeing Co learned that a cockpit warning light on its 737 MAX jetliner was defective in 2017 but decided to defer fixing it until 2020, U.S. lawmakers said on Friday.
Wells Fargo will pay customers $386 million over unwanted auto insurance
Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans.
Global stocks rally, and yields, dollar fall; data fans rate cut talk
Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in U.S. job growth fueled hopes of a U.S. interest rate cut, while Washington’s move to delay tariffs on Chinese goods added to equity market optimism.
Trump sees ‘good chance’ of Mexico migration deal as clock ticks down to tariffs
U.S. President Donald Trump said on Friday there was a “good chance” that the United States would be able to reach a deal with Mexico over his demands that it curb the number of mostly Central American migrants crossing the southern U.S. border.
