Oil prices rose nearly 3% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers.
The United States and China have reached consensus after talks between their main trade negotiators on Friday, Beijing's state-media Xinhua News Agency reported.
There are plenty of reasons why President Donald Trump would leave the Empire State: the cold winters, the traffic and the high taxes. State auditors may not let him go without a fight.
Speaking in events across the country, Federal Reserve policymakers hammered home the message that Fed Chair Jerome Powell delivered earlier this week: that after cutting borrowing costs three times this year, the Fed is now done.
Wall Street's main indexes climbed on Friday, as concerns over global growth were allayed by largely upbeat U.S. jobs report and data out of China that showed factory activity expanded at its fastest pace in more than two years.
The Federal Reserve's three interest rate cuts this year have provided "significant support" for the U.S. economy whose full effects are yet to be felt, Fed Vice Chair Richard Clarida said on Friday, elaborating on the case for why the central bank is likely to remain on hold for now.
AT&T Inc said on Friday it named Seagate Technology Plc chairman Stephen Luczo to its board, days after the second-largest U.S. wireless phone carrier by subscribers announced it would add two new board members.
The U.S. Supreme Court on Friday agreed to hear a challenge to the ability of the Securities and Exchange Commission to recover ill-gotten profits obtained through misconduct in a case from California that could weaken the agency's enforcement power.
Italy's Economy Minster Roberto Gualtieri expressed his appreciation to Fiat Chrysler Chairman John Elkann for a planned merger with France's automaker PSA , government sources said on Friday.
U.S. stocks climbed on Friday as the S&P hit an intraday record for the fourth time this week after an upbeat U.S. jobs report and data on Chinese manufacturing lessened concerns about slowing global growth.
After a year-long struggle with bond markets, the Trump administration, and each other, Federal Reserve policymakers found their way to a compromise this week with a rate cut that even the White House said had put monetary policy in a much better place.
Better economic data is taking the edge off the 'economic slowdown' narrative that has been plaguing the market.
Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iMac computer, iPhone components and other consumer products, according to company filings with the U.S. Trade Representative's Office.
Several auto parts makers and suppliers have lowered their full-year forecasts and disclosed hits to quarterly earnings from the 40-day strike at No.1 U.S. carmaker General Motors .
Elon Musk is going offline from Twitter after questioning "the good" of the social networking site.