Wall Street higher as wage data eases inflation fears
(Reuters) – U.S. stocks gained on Friday after payrolls data showed strong job additions in February, but muted wage growth indicated a gradual rise in inflation that tempered expectations of faster interest rate increases.
Toymakers tumble as Toys ‘R’ Us prepares to liquidate
(Reuters) – Shares of Mattel Inc and Hasbro Inc , the two largest U.S. toymakers, tumbled on Friday after reports that key customer Toys ‘R’ Us Inc is preparing for potential liquidation, six months after filing for bankruptcy.
GM confirms investment in South Korea business, flags first quarter ‘cash crisis’
SEOUL (Reuters) – General Motors confirmed details of a proposed investment in its loss-making South Korean business on Friday, but said it was subject to support from Seoul and GM’s Korean union.
Wall Street to open higher as wage data allays inflation fears
(Reuters) – Wall Street was set to open higher on Friday after payrolls data showed strong job additions in February, but a slowdown in wage growth pointed to a gradual rise in inflation, tempering expectations of faster interest rate increases.
U.S. nonfarm payrolls post largest gain in one-and-a-half years
WASHINGTON (Reuters) – U.S. job growth surged in February, recording its biggest increase in more than 1-1/2 years, but a slowdown in wage gains pointed to a gradual increase in inflation this year.
Broadcom promises on security, Qualcomm revamps board
(Reuters) – Broadcom Ltd has promised not to sell critical national security assets to foreign buyers if its deal to buy chipmaker Qualcomm Inc is approved, another effort by the Singapore-based firm to appease U.S. security concerns.
Bitcoin falls to lowest level in three-and-a-half weeks
NEW YORK (Reuters) – Bitcoin dropped below $9,000 on Friday to its lowest level in 3-1/2 weeks on concerns about regulatory clamp down around the world following cases of large thefts of digital currencies.
U.S. allies line up for exemptions from Trump’s tariffs
BRUSSELS/SHANGHAI/TOKYO (Reuters) – From Japan and South Korea to Australia and Europe, officials lined up on Friday to seek exemptions from President Donald Trump’s tariffs on U.S. steel and aluminum imports, while Chinese producers called on Beijing …
Stock futures little changed as investors await jobs data
(Reuters) – U.S. stock index futures were flat on Friday as investors refrained from making big bets ahead of a key jobs data, a day after President Donald Trump’s softened stance on trade tariffs helped markets close higher.
Broadcom says will not sell national security assets to foreign firms
(Reuters) – Broadcom Ltd said in a letter to U.S. Congress on Friday that it will not sell any critical national security assets to any foreign companies if its $117 billion deal to buy chipmaker Qualcomm Inc is approved.
