Wall Street opens flat after banks report mixed results
U.S. stocks were flat on Friday, as gains in technology stocks offset losses in banks, as the three big Wall Street banks kicked off what is expected to be a strong corporate earnings season.
AT&T CEO confident Time Warner deal on solid ground
The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief Executive Randall Stephenson said on Friday, adding that the move could affect the bidding war for Twenty-First Century Fox Inc.
China’s ZTE sees heavy losses in first half due to U.S. penalty
Chinese telecoms equipment group ZTE Corp said on Friday it expected to record a net loss in the first half of the year due to the hefty fine it agreed in order to lift a U.S. ban on component supplies.
Goldman sees 60 percent chance of more U.S. tariffs on China
Goldman Sachs economists said on Friday they placed a 60 percent chance the Trump administration would impose duties on an additional $200 billion worth of Chinese imports that were recently targeted.
Thousands take to London’s streets to protest at Trump visit
Thousands of people waving banners and banging pots and pans took to the streets of London on Friday to protest against U.S. President Donald Trump on his first official visit to Britain as president.
U.S. import prices drop the most in over two years
U.S. import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods, pointing to benign import inflation pressures.
U.S. sanctions seen barring IT platform of insurer Lloyd’s for Iran trade
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.
AT&T shares skid as Justice Department says to appeal Time Warner case
Shares of AT&T Inc fell 1.8 percent in trading before the bell on Friday after the U.S. Justice Department said it would appeal a federal judge’s approval of the telecommunication network’s acquisition of Time Warner.
Citigroup profit beats on consumer banking strength
Citigroup Inc’s quarterly profit topped Wall Street estimates on Friday, helped by strength in its consumer banking business in Mexico, North America and Asia.
U.S. import prices post biggest drop in two years
U.S. import prices recorded their biggest drop in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods.
