Some Wall Street analysts have begun to question whether Citigroup Inc's big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting responsibly.
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.
A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries.
Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10.
Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to take each other on head-to-head in the streaming television business.
Apple Inc struck out at a Goldman Sachs Group Inc analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client.
Supermarket chain operator Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, sending its shares down as much as 6%.
Google agreed to pay close to 1 billion euros ($1.10 billion) to French authorities to settle a fiscal fraud probe that began four years ago in a deal that may create a legal precedent for other large tech companies present in the country.
Kroger Co on Thursday raised doubts about its profit targets from an ongoing turnaround plan, even as the supermarket chain operator posted a better-than-expected quarterly profit, helped by its investments in delivery and online operations.
Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company.
U.S. underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
The International Monetary Fund is continuing talks with Argentina as authorities there try to stem spiraling economic problems in Latin America's third-largest economy, IMF spokesman Gerry Rice told reporters on Thursday.
The United States on Thursday welcomed China's promise to buy agricultural goods while maintaining the threat of U.S. tariff hikes as the world's two largest economies sought to prepare the ground for upcoming in-person talks.
European Central Bank President Mario Draghi faced pushback from the representatives of Germany and France as well as at least one of his own board members on Thursday when he pushed for resuming the ECB's bond-buying program, three sources told Reuters.
The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates.