The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may need a new policy framework to achieve its goal of 2% inflation.
Oil prices surged as much as $3 a barrel as gold, the yen and safe-haven bonds all rallied on Friday after the U.S. killing of Iran's top military commander in an air strike in Iraq ratcheted up tensions between Washington and Tehran.
The Federal Trade Commission (FTC) on Friday challenged police body camera maker Axon Enterprise Inc's completed acquisition of rival Vievu, saying it allowed the company to impose substantial price increases.
The Federal Reserve could find itself fighting too-low inflation for years to come, San Francisco Federal Reserve President Mary Daly said on Friday, and may need a new policy framework to lift inflation back up to the Fed's 2% goal.
Exxon Mobil Corp's fourth quarter operating results will decline from a year ago due to weakness in chemicals and refining, according to a regulatory filing and analyst comments on Friday.
Axon Enterprise Inc on Friday sued the U.S. Federal Trade Commission in a bid to have antitrust proceedings over an acquisition heard in a federal court and not in an internal FTC process, claiming that the FTC's ability to both prosecute and judge cases deprives companies of their constitutional rights.
Federal Reserve policymakers who last year were frequently at odds over where to set U.S. borrowing costs opened 2020 telegraphing confidence in the state of the economy and signaling broad agreement that monetary policy is right where it should be.
Cleveland Federal Reserve Bank President Loretta Mester, among the Fed policymakers most concerned that easy monetary policy would risk excessive inflation, said on Friday she has put those fears to rest for now and is willing to leave rates at their current level absent some substantial change in the economy.
China has decided to keep its inflation target unchanged this year at around 3%, sources say, suggesting policymakers will continue to roll out economic stimulus gradually and avoid more aggressive measures.
The Japanese yen led other safe-haven assets higher on Friday after U.S. air strikes on Baghdad airport killed a senior Iranian military official, stoking tensions in the Middle East and lifting the price of oil.
Across snow-covered North Dakota, U.S. farmers are stuck with fields full of weather-damaged corn - a crop they planted after the U.S.-China trade war killed their soybean market. Many don't know yet what crops they'll plant next season among a host of dicey options.
Credit Suisse said on Friday it expects to buy back at least 1 billion Swiss francs ($1.03 billion) worth of shares until the end of 2020, subject to market and economic conditions, after completing a similar program last year.
Ryanair is prepared for further delays to the delivery of its Boeing 737 MAX airliners, its chief executive Michael O'Leary told German magazine Wirtschaftswoche, adding that he would only discuss compensation after the aircraft had been delivered.
Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
Turkish private aircraft operator MNG Jet said on Friday that its planes were used illegally in the escape from Japan of ex-Nissan boss Carlos Ghosn, adding it had filed a criminal complaint.