U.S. stocks lost ground on Friday, retreating from record levels hit in the previous session, after strong U.S. job growth in June pushed investors to scale back bets on aggressive interest rate cuts by the Federal Reserve.
Brent oil prices edged up on Friday, supported by tensions over Iran and a decision by OPEC and its allies to extend an output supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond a cooperation on commercial vehicles, a source familiar with the matter said on Friday.
Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
U.S. stocks fell on Friday, retreating from record closing highs, after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month.
Larry Kudlow, director of the National Economic Council, is "very optimistic" about the health of the U.S. economy but believes the Fed should "take back the interest rate hike."
A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the Federal Reserve later this month and weak economic data in Germany helped push global stock indices lower Friday after hitting record highs earlier this week.
Students' knowledge of the financial aid process is "shockingly low."
Mexico's attorney general's office said on Friday that a judge has issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, and four more people in a graft case involving Brazilian builder Odebrecht.
The Nordic region's six major banks announced the creation of a customer checking center on Friday, with the initiative expected to help their efforts to crack down on money launderers and recover from a scandal that has damaged the sector's reputation.
A blowout jobs report has traders believing the Federal Reserve will cut rates less aggressively now.
Regardless of what the next phase of your life looks like, there are some financial aspects you should consider now to help the transition go smoothly.
U.S. stocks slipped at the open on Friday as a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve later this month.
U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.