Wall Street ekes out gains after mixed U.S. jobs data
Wall Street’s major indexes edged higher on Friday as investors digested mixed signals from the U.S. jobs report and bet on a Federal Reserve interest rate cut this month while … Read More
Tag: Reuters: Money News
Oil jumps after Fed says it will act to sustain U.S. growth
Oil prices rose above $61 a barrel on Friday after the head of the U.S. Federal Reserve said the central bank will act “as appropriate” to sustain an economic expansion … Read More
Fannie Mae, Freddie Mac shares tumble as Treasury overhaul plan disappoints
Shares of Fannie Mae and Freddie Mac slumped on Friday amid disappointment over a long-awaited U.S. Treasury Department plan to begin recapitalizing the mortgage giants and return them to private … Read More
Fed Chair Powell repeats vow to act ‘as appropriate’
The U.S. Federal Reserve will continue to act “as appropriate” to sustain the economic expansion in the world’s biggest economy, Fed Chair Jerome Powell said Friday in Zurich, sticking to … Read More
U.S. states launch antitrust probes of tech companies, focus on Facebook, Google
Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet’s Google and Facebook . -Reuters: Money News