Nike stores in South Africa reopen following backlash over racist video
Nike stores in South Africa were all open on Friday, the company said, after some were closed following a backlash over racist comments by a man said to have links to the U.S. sportswear company.
Exclusive: U.S. Commerce’s Ross picks ZTE monitor after rejecting ‘Never Trump’ lawyer
U.S. Commerce Secretary Wilbur Ross has appointed a former federal prosecutor to monitor China’s ZTE Corp after people familiar with the matter said he rescinded an offer to a former U.S. official for signing a “Never Trump” letter before the 2016 pr…
Fed’s Powell: more rate hikes likely if economy stays strong
The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the c…
UK says Brexit could hit banks’ stock of ‘risk free’ EU debt
Britain could force European Union banks operating in London to start holding capital against inventory of riskier EU government bonds in the case of a ‘no-deal’ Brexit.
Cigna shareholders approve $52 billion Express Scripts acquisition
Cigna Corp shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co , although the deal still needs clearance from antitrust authorities.
Fed Chair Powell: further rate hikes best way to protect recovery
The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the c…
Instant View: Fed’s Powell – more rate hikes likely if economy stays strong
The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the c…
Traders keep bets on Fed interest rate rises as Powell speaks
Traders of short-term interest rate futures on Friday kept their bets the Federal Reserve will raise rates twice more this year after Fed Chairman Jerome Powell said further rate hikes would likely be appropriate.
Wall St. adds to gains after Powell comments
U.S. stocks added to their gains slightly on Friday after Federal Reserve Chair Jerome Powell said further interest rate hikes were the best way to protect the U.S. economic recovery.
‘Old’ bull market sputters on while tech inflows slow: BAML
Investors bought back into U.S. stocks this week which set their longest-ever market rally, although risks ahead spurred anxiety over how much longer the ageing bull can last, Bank of America Merrill Lynch strategists said on Friday.
