As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.
Nike Inc said on Thursday it will open a manufacturing facility in Goodyear, Arizona, with a likely investment of at least $184 million, going ahead with the site after the state of Arizona last week withdrew an incentive package following the footwear maker's cancellation of a controversial sneaker.
A bus came to a halt amid a tropical rainforest not far from China's border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow.
Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
Asian shares pulled back on Friday as worries over renewed Sino-U.S. trade tensions weighed on sentiment ahead of the release of June trade data from China, though expectations of a Federal Reserve rate cut later this month kept losses in check.
Air China Ltd , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE , both companies said, bolstering the European planemaker's order book for wide-body jets against Boeing Co amid Sino-U.S. trade tensions.
Oil prices rose on Friday, hovering near six-week highs, as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued to simmer in the Middle East.
Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month.
"That someone would let a tailor come on such a day is disrespectful," Sewing said in an interview with Handelsblatt on Thursday.
With a potentially negative earnings season looming, investors see easy Fed policy as the security blanket the stock market needs as it breaks to new highs.
Maoyan Entertainment , China's leading movie-ticketing platform, said it would boost investment in the domestic film industry and deepen its partnership with Tencent Holdings Ltd , as it works to halt a downturn at cinemas.
Asian shares pulled ahead on Wednesday while rising Treasury yields lifted the dollar as investors waited anxiously to hear if the world's most powerful central banker would confirm or confound expectations for U.S. easing this month.
British billionaire and inventor of the bagless vacuum cleaner James Dyson has bought the most expensive apartment in Singapore, where his company plans to build an electric car.
Apple Inc has started a program in Shanghai to help Chinese developers create apps as part of the iPhone maker's efforts to build out its services business in one of its most critical overseas markets.
The U.S. Federal Reserve over the course of its 105-year history has changed monetary policy in reaction to property crashes, war, financial bubbles and policymakers' gut instincts about where the economy was heading.