S&P 500 hits high following trade progress, upbeat data
The S&P 500 hit a record high for a seventh straight session on Friday, as continued optimism on resolving the U.S.-China trade war and strength in domestic consumer spending lifted sentiment.
The S&P 500 hit a record high for a seventh straight session on Friday, as continued optimism on resolving the U.S.-China trade war and strength in domestic consumer spending lifted sentiment.
U.S. stocks hit record closing highs again on Friday and the S&P 500 registered its biggest weekly percentage gain since early September after data showed a rise in consumer spending and investors continued to be optimistic about developments in the U.S.-China trade dispute.
The National Highway Traffic Safety Administration's (NHTSA) acting chief said on Friday the agency is in talks with General Motors Co on its January 2018 petition to deploy a limited number of self-driving vehicles on U.S. roads without steering wheels or other human controls.
Oil prices fell on Friday, but both benchmarks logged a third straight weekly gain amid the easing of U.S.-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth.
Testimony ended on Friday in a lawsuit by a group of states led by New York and California seeking to block the merger of Sprint Corp and T-Mobile US Inc , moving the trial a step closer to having a U.S. judge rule on whether the deal violates federal antitrust laws.
The mayor of a Michigan steel town was attending his grandchildren's Christmas play Thursday evening when he got an unwelcome voicemail from an official of the town's top employer: United States Steel Corp.
U.S. fuel card company FleetCor Technologies Inc charged customers hundreds of millions of dollars in hidden fees after promising to help them spend less on fuel, the Federal Trade Commission said on Friday.
U.S. Transportation Secretary Elaine Chao told Reuters on Friday that the economic impact of Boeing Co's planned halt of 737 MAX production is not a factor in regulators' ongoing review of when to unground the plane involved in two fatal crashes.
Boeing Co's stunted Friday debut of its astronaut capsule threatens to dent the U.S. aerospace incumbent's self-declared competitive advantage of mission reliability against the price and innovation strengths of "new space" players like Elon Musk's SpaceX.
The U.S. securities regulator has asked at least two trading firms for information regarding a broad investigation into initial public offerings and direct listings going back five years on the New York Stock Exchange, a person familiar with the matter told Reuters on Friday.
The U.S. National Highway Traffic Safety Administration is holding talks with General Motors Co on the automaker's petition to deploy a limited number of self-driving vehicles on American roads without steering wheels or other human controls, the head of the agency said on Friday.
Colombia on Friday ordered Uber to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules.
Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Friday.
Boeing Co's new astronaut capsule failed after liftoff on Friday to climb high enough in orbit to reach the International Space Station, cutting short a critical unmanned test mission in the embattled aerospace giant's race to send humans to the orbital outpost.
Chinese automakers Great Wall Motor and Changan Automobile are accelerating plans to build cars in India after the initial success of rival SAIC Motor in one of the world's biggest markets, three sources said.