Wall Street rises but pares gains after news of partial U.S.-China deal
U.S. stocks ended more than 1% higher on Friday, but below their session highs, after the announcement of a partial trade deal between the United States and China.
U.S. stocks ended more than 1% higher on Friday, but below their session highs, after the announcement of a partial trade deal between the United States and China.
The United States and China agreed on Friday to the first phase of a deal to end a trade war, prompting President Donald Trump to suspend a threatened tariff hike, but officials said the agreement had to be put on paper and more work was required to get it finalized.
U.S. stocks ended more than 1% higher on Friday though well off the day's highs after the announcement of a partial trade deal between the United States and China.
Britain's government plans to introduce new legislation to make it easier and faster to bring home stranded holidaymakers after the collapse of tour company Thomas Cook led to the country’s biggest ever peacetime repatriation.
Half a continent away from the auto plants of Detroit, U.S. strikes at General Motors (GM) have sent shivers through the central Mexican city of Silao, where the local GM factory furloughed 6,000 workers last week when parts from the United States ran out.
OxyContin maker Purdue Pharma LP won a court order on Friday briefly pausing the sprawling opioid litigation against the company so it can try to make headway on its proposed legal settlement that it says is worth $10 billion.
Today's rally clearly indicates that the market is happy for the moment with just a partial deal. But the Dow gave up 200 of its 500 point gain in the final half hour as markets realized there was no timeline for removal of the existing tariffs.
The U.S. and China agreed on a "substantial phase one" trade deal that delays tariff hikes set to kick in next week.
U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
Boeing Co said on Friday it was separating the roles of chairman and chief executive officer to allow CEO Dennis Muilenburg to focus full time on running the U.S. planemaker as it works to return its 737 MAX jet to service.
PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company's power lines and other infrastructure within the city, citing the offer was inadequate.
U.S. farmers cheered the Trump administration's announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases.
The U.S. Federal Reserve's quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment, as well as the risks of experimenting with market-sensitive systems in real time.
Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride hailing company seeks to widen its fast-growing food delivery app to include groceries and other goods.
U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.