The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic growth as businesses brace for an escalating trade war with China.
A measure of stocks across the globe was on track to post its largest weekly loss of the year on Friday while yields in U.S. and German debt were near multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.
Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.
Cboe Global Markets Inc plans to build a research and data platform that will provide its customers with trading insights and spur new financial products, the exchange operator said after posting better-than-expected earnings on Friday.
Funding Portal | Teri Kirk | Aug 2, 2019 Grants and incentives are an important source of funding for many companies and organizations. In fact, governments in Canada alone disburse about $26B annually through federal and provincial grants and incentives, largely to fund innovation. Yet, actioning this funding can be time-consuming and expensive for companies;
U.S. President Donald Trump on Thursday accused his Chinese counterpart of failing to meet promises to stem a deluge of the synthetic opioid fentanyl into the United States, after months of praising Chinese President Xi Jinping for his pledges.
Amazon.com Inc is in talks with Reliance Industries Ltd's retail unit to buy a stake in India's biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters on Friday.
Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its 'bad bank,' or capital release unit, three sources at the bank told Reuters.
Oil prices rallied nearly 3% on Friday, a partial rebound from their biggest daily drop in several years on U.S. President Donald Trump's promise to impose more tariffs on Chinese imports.
India's biggest automaker, Maruti Suzuki India Ltd , has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.
U.S. economy is growing more slowly in the third quarter than previously thought based on this week's data releases on manufacturing and import/export prices, the New York Federal Reserve's Nowcast model showed on Friday.
The U.S. economy likely will grow at a 1.9% annualized rate in the third quarter, based on the latest data on domestic payrolls, trade and factory orders, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday.
Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices, lower refining profits and a loss in its U.S. chemicals business.
Oil prices rose more than 2% on Friday, regaining some ground after their biggest falls in years on U.S. President Donald Trump's threat to impose more tariffs on Chinese imports.
U.S. job growth slowed in July and wages picked up moderately, which together with an escalation in trade tensions between the United States and China could give the Federal Reserve ammunition to cut interest rates again next month.