World stocks rally after U.S. payrolls data tops views; inflation comments dent dollar
Global equity markets rallied on Friday, buoyed by a U.S. payrolls report that shot past expectations, while the dollar weakened after several Federal Reserve officials voiced concerns about low inflation.
PG&E unable to strike deal over renewable power contracts: court documents
PG&E Corp was unable to reach a deal with NextEra Energy Inc and other companies with which it has billions of dollars in power contracts in a jurisdictional dispute over the bankrupt utility’s ability to walk away from or amend those agreements, according to court documents.
U.S. judge approves Fiat Chrysler diesel emissions settlement
A federal judge in San Francisco on Friday approved a $307.5 million civil settlement for about 100,000 U.S. owners of Fiat Chrysler diesel vehicles that the government said had illegal software that allowed them to emit excess emissions.
Wall St rises on upbeat jobs report
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
Brazil’s Natura to invest $5 million in new brands through venture capital funds
Brazil cosmetics company Natura intends to invest up to $5 million in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.
Wells Fargo expects to refund monthly service fees to some customers
Wells Fargo & Co said on Friday it expects to refund some servicing fees to customers who may have been confused about how to avoid monthly charges.
World stocks climb after U.S. payrolls data tops views; dollar falls with inflation comments
Global equity markets rallied on Friday, buoyed by a U.S. payrolls report that blew past expectations, while the dollar weakened after several Federal Reserve officials voiced concerns about low inflation.
Trump says U.S.-China trade deal is going along pretty well
U.S. President Donald Trump said on Friday the trade deal the United States is negotiating with China is going pretty well.
Strong jobs report sets off broad-based rally on Wall Street
Wall Street’s main indexes rose in a broad-based rally on Friday, as job growth surged in April and unemployment rate dropped, pointing to solid expansion in the domestic economy.
Some U.S. Fed officials are more worried by weak inflation
Two Federal Reserve policymakers on Friday said they were increasingly worried about weak inflation, an indication that some U.S. central bankers see a growing case for a future interest rate cut even as others push for continued patience.
