Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3%, partly due to problems at Boeing Co , which halted production of its 737 MAX planes over safety issues.
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.
U.S. Vice President Mike Pence on Friday declined to endorse an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd.
A "moderately" expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded and the likelihood of recession has declined, the U.S. Federal Reserve said in its latest monetary policy report to the U.S. Congress.
Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in the U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic.
A raft of earnings reports from consumer discretionary companies and U.S. retail sales data set for the coming week could help investors determine to what extent the coronavirus is hitting consumer demand.
Ford Motor Co on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear.
Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic.
Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately.
Sanofi said on Thursday its earnings per share were likely to rise by around 5% in 2020, weeks after it promised to focus on vaccines and key treatments including eczema medicine Dupixent until 2022.
Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China which could cause fuel demand to rebound in the world's biggest oil importer.
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world's two largest economies.
China is likely considering using a disaster-related clause in its Phase 1 trade deal with the United States due to the coronavirus outbreak that has killed more than 500 and infected tens of thousands, the Global Times reported on Thursday.
Italy's biggest bank by assets UniCredit took a further step on Wednesday in a strategy to streamline its structure, announcing the placement of a 12% stake in Turkish bank Yapi Kredi .
Toyota Motor Corp raised its annual operating profit forecast by 4.2% on favorable currency rates and better-than-expected vehicle sales, but added that the impact of the new coronavirus was difficult to gauge and not yet been factored in.