Mnuchin says US-China trade talks were ‘constructive’
U.S. Treasury Secretary Steven Mnuchin said in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had concluded “constructive” trade talks in Beijing. “I look forward to welcoming China’s Vice Premier Liu He to continue these important...
Tim Sloan’s departure from Wells Fargo is a ‘big mistake,’ says management guru Jeff Sonnenfeld
Tim Sloan was a “great” CEO for Wells Fargo, and it’s “unfair” that he has to step down, management expert Jeffrey Sonnenfeld told CNBC on Thursday. The bank announced on Thursday the embattled CEO will retire in June. He became...
US weekly jobless claims unexpectedly fall
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting labor market conditions remained solid, despite slowing job growth. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 211,000 for the week ended...
Economic growth slowed in the fourth quarter, leaving GDP short of Trump’s goal
Economic growth in the U.S. slowed in the final part of 2018, with GDP posting a gain of just 2.2 percent in the fourth quarter, the Commerce Department reported Thursday. The final reading was in line with expectations of economists...
If stocks rally on a US-China trade deal, ‘take profits very quickly,’ Stephen Roach says
One of the world’s leading authorities on Asia expects a U.S.-China trade deal but suggests any market rally off the news will be fleeting. Yale University senior fellow Stephen Roach, who spent five years as Morgan Stanley Asia chairman, believes...
Watch the CEOs of Wells Fargo and Mastercard discuss payments and the future of banking
[The stream is slated to start at 6:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga are set to discuss the...
US trade deficit narrows sharply in January as China purchases of soybeans jumps
The trade deficit between the U.S. and its global partners dropped sharply in January to $51.15 billion as exports rebounded from a slowdown at the end of 2018, the Commerce Department reported Wednesday. Economists surveyed by Dow Jones had forest...
US efforts to cut trade deficit show biggest win in almost a year
The trade deficit between the U.S. and its global partners dropped sharply in January to $51.15 billion as exports rebounded from a slowdown at the end of 2018, the Commerce Department reported Wednesday. Economists surveyed by Dow Jones had forecast...
India’s elections outcome will not have a major impact on its markets: Credit Suisse
The Indian market is unlikely to suffer no matter the outcome of India’s parliamentary elections, which is starting next month, according to a Credit Suisse strategist. Historical performances of major Indian indexes, Sensex and Nifty 50, around the last six...
After-hours buzz: KB Home, Bed Bath & Beyond, Boeing & more
Check out the companies making headlines after the bell: Shares of KB Home jumped 2 percent in extended trading Tuesday following the release of the homebuilder’s mixed first-quarter earnings. KB Home posted earnings per share of 31 cents on revenue...
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