China plans tariffs on $60 billion of U.S. goods in latest trade salvo
China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflic…
Atlanta Fed pares U.S. third quarter GDP growth view to 4.4 percent
The U.S. economy is growing at a 4.4 percent annualized rate in the third quarter in the wake of the latest data on payrolls and services activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
Global stocks edge up on earnings, but trade worries limit gains, dollar
Stocks around the world edged higher on Friday on robust earnings, with consumer staples results boosting Wall Street, though a trade spat between the U.S. and China and tepid U.S. jobs numbers capped gains and weighed down the dollar.
Kraft Heinz tops estimates with higher pricing, shares surge
Kraft Heinz Co topped quarterly profit and revenue estimates on Friday as the Tater Tots maker raised product prices and posted higher-than-expected sales from the United States for the first time in several quarters.
China unveils proposed tariffs on $60 billion of U.S. goods in latest trade war salvo
China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflic…
White House says Trump’s resolve is firm on China trade
A top White House adviser warned China on Friday not to underestimate U.S. President Donald Trump’s resolve in a brewing trade battle between the world’s two largest economies, showing little concern over Beijing’s threat to impose retaliatory tariffs …
U.S. TIPS breakeven rate pares gains after July payrolls data
The bond market’s gauge of investors’ inflation expectations trimmed earlier gains on Friday as nominal Treasury yields fell in the wake of government data that showed jobs growth was short of analyst expectations in July.
Traders see two more U.S. rate hikes in 2018 after jobs data
U.S. interest rates futures held steady on Friday, suggesting traders were sticking with their view the Federal Reserve would raise key overnight borrowing costs twice more in 2018 following a mixed payrolls report for July.
AIG shares slide 3 percent after executives downplay weak results
Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the horizon.
UK regulator confirms Disney must offer at least 14 pounds per share for Sky
Britain’s takeover regulator said on Friday that a review had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay-television group Sky.
