U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.
Shares of U.S. online luxury reseller The RealReal Inc jumped 40% in their debut on Friday, giving it a market capitalization of $2.32 billion and signaling increased investor appetite for listings of consumer companies.
Stocks posted modest gains on Friday and the dollar dipped ahead of a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, as global equities were poised to cap off their best first half since 1997.
For investors on edge about the G-20 showdown, here are the make-or-break stocks hinging on a sign of detente, according to Goldman Sachs.
The Supreme Court said it will hear a case on whether US Bank pension plan members can sue the fund manager even if the plan is overfunded.
SpaceX is looking to raise $314.15 million in its most recent round of fundraising, CNBC reported on Thursday.
Voters in blue states stand to have more student debt forgiven under Democrats' proposals than those in red states, according to an analysis by CNBC
U.S. stocks rose on Friday, as big banks gained after clearing the Federal Reserve's stress test, while investors kept a watch on the G20 summit where a meeting between Presidents Donald Trump and Xi Jinping could lay the groundwork to resolve their trade dispute.
The first half of 2019 was a big surprise to many IPO investors.
Shares of Sarepta Therapeutics Inc surged 15% on Friday after some safety concerns were raised in a small, early-stage study of a competing gene therapy for a rare muscle-wasting disorder from Pfizer Inc .
President Donald Trump on Friday sardonically asked his Russian counterpart to please not meddle in U.S. elections, appearing to make light of a scandal that led to an investigation of his campaign's contact with the Kremlin during 2016 elections.
Oil prices were steady on Friday and on track for a second straight week of gains, ahead of talks over the trade dispute between the U.S. and Chinese presidents this weekend and on production cuts from OPEC on Monday.
The U.S. Department of Agriculture (USDA) on Friday reported a large soybean sale to China in a surprise deal ahead of a meeting at the G20 summit between U.S. President Donald Trump and Chinese President Xi Jinping.
A lawyer for former pharmaceutical executive Martin Shkreli on Friday urged a federal appeals court to overturn Shkreli's criminal conviction for defrauding investors in hedge funds he founded.
U.S. stocks rose on Friday, as big banks gained after clearing the Federal Reserve's stress test, while investors kept a watch on the G20 summit where a meeting between Presidents Donald Trump and Xi Jinping could lay the groundwork to resolve their trade dispute.