Trump says U.S.-China trade talks are going very well
U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world’s two largest economies seek to end talks with a trade agreement to defuse tensions.
GDP growth gives U.S. leverage in China trade talks: White House adviser
Strong economic growth and modest inflation in the United States are giving Washington leverage over Beijing during trade talks and could give the U.S. central bank room to cut interest rates, a White House adviser said on Friday.
Wall Street dips as technology stocks weigh
U.S. stocks dipped on Friday, as technology shares took a hit from Intel’s disappointing quarterly report, while investors assessed data that showed domestic growth was boosted by temporary factors in the first quarter.
U.S. opens criminal probe into Ford emissions certification
The U.S. Justice Department has opened a criminal investigation into Ford Motor Co’s emissions certification process in the United States, the automaker disclosed on Friday, saying it was cooperating fully with the probe and still conducting its own in…
Slack posts $141 million annual loss as it files to go public
The owner of popular workplace instant messaging app Slack made public strong year-on-year growth numbers on Friday, and an annual loss of $140.7 million, as it filed formally for its long-awaited market debut.
Shareholders back Credit Suisse pay report despite complaints
Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.
Take Five: Dollar darling. World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Chevron profits down 27 percent but still top estimates
Chevron Corp said on Friday first-quarter profits slid 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but the No. 2 U.S. oil and natural gas producer still topped forecasts.
Exxon Mobil’s first-quarter profit misses estimates on lower oil, gas prices
Exxon Mobil Corp reported on Friday a 49 percent fall in first-quarter profit that missed forecasts due to lower oil and gas prices and weakness across its businesses that outweighed modest production gains.
American Airlines executives ‘confident’ 737 MAX will be ungrounded by Aug. 19
American Airlines Group Inc executives said on Friday that they are “confident” that Boeing Co’s 737 MAX aircraft will be ungrounded by Aug. 19.
