Wall Street edges higher on stimulus efforts, trade hopes
U.S. stocks rose on Friday as an interest rate cut by China's central bank and signs of co-operation on trade between the world's two largest economies allayed concerns over global growth.
U.S. stocks rose on Friday as an interest rate cut by China's central bank and signs of co-operation on trade between the world's two largest economies allayed concerns over global growth.
President Donald Trump told reporters on Friday that the United States is making a lot of progress with China, as two of the world's biggest economies work toward resolving their protracted trade dispute.
Taiwan is pitching India as a potential business destination to its tech, auto, renewable energy and farm sector firms as the United States' trade war with China has pushed its companies to look for newer markets, two officials said on Friday.
Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans.
U.S. and Chinese deputy negotiators held "productive" talks in Washington this week aimed at improving their trade relationship, the U.S. Trade Representative's office said on Friday without offering further details.
U.S. shale producers pounced on the chance to lock in future revenue for this year and next after oil prices surged by the most in 30 years early this week following attacks on Saudi Arabia's oil facilities, sources familiar with the money flows said.
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A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
The interest rate on U.S. overnight repurchase agreements climbed early Friday in advance of an operation conducted by the New York Federal Reserve which may add up to $75 billion in temporary cash in the U.S. banking system.
World shares climbed on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
U.S. stock index futures rose on Friday as China became the third country to trim interest rates in the past few days, raising hopes that major central banks stand ready to blunt the impact of a prolonged Sino-U.S. trade war on global growth.
Pivotal Research Group began coverage of Roku with a sell rating on Friday
Bank of America says Amazon's plans to build its own fleet of carbon-neutral delivery trucks bode well for its bottom line.
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St. Louis Federal Reserve bank president James Bullard said on Friday he argued for a deeper, half a percentage point cut at this week's Fed meeting because of signs the U.S. economy will slow "in the near horizon," and that manufacturing "already appears in recession."