U.S. stocks edged higher and the dollar fell as hopes rose for an imminent interest-rate cut, while oil futures were little changed as supply worries triggered by a tropical storm were offset by signs of a global surplus for several months.
An Italian law that forced French media group Vivendi to forfeit most of its voting rights in Italian broadcaster Mediaset may not comply with European rules, according to European Commission legal advice seen by Reuters.
Renault has handed French prosecutors the conclusions of an audit into its joint finances with alliance partner Nissan , the carmaker said on Friday.
Retirement benefits for more than 1 million people could be at risk if nothing is done to help save underfunded multiemployer pensions. The House of Representatives is set to consider a bill that addresses the problem.
The longtime market bull says, "We may go up 10% or 12% before we sell off," Siegel added, noting the Fed tends to overshoot when adjusting rates.
The three main indexes hit record intraday highs on Friday, continuing a strong run for the week on hopes of an interest rate cut this month, while investors waited for the start of the corporate earnings season next week.
The Pentagon is rapidly assessing the United States' rare earths capability in a race to secure stable supply of the specialized material amid the country's trade conflict with China, which controls the rare earths industry, according to a government document seen by Reuters.
WPP is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild.
United Airlines Holdings said on Friday the Boeing 737 MAX would stay off its flight schedule until Nov. 3, a fresh extension leading to about 2,100 cancellations in September and 2,900 in October as the jets remain grounded worldwide.
The share of student loan borrowers with balances in the six-figures is on the rise.
Bespoke Investment Group looked at the most volatile stocks in the first trading day following a quarterly report.
U.S. stocks hit record highs on Friday as high expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week's kickoff of the corporate earnings season.
Anheuser-Busch InBev said on Friday it will not proceed with the initial public offering of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd , on the Hong Kong Stock Exchange.
The U.S. Trade Representative's (USTR) Office will hold a hearing on Aug 19 in its probe of France's new planned tax on big technology companies, calling the proposal "unreasonable."
The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder and has convened a grand jury in Washington, Bloomberg reported on Friday, citing people with knowledge of the matter.