NEW YORK (Reuters) – The dollar rose and global equity markets soared on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury and German bund yields jumped, while gold slipped as […]

WASHINGTON (Reuters) – U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors’ (GM.N) payrolls and the healthcare industry stepped up hiring, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. The Labor Department’s closely watched monthly employment report […]

STOCKHOLM (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country as environmentally conscious consumers rein in purchases. With the three-month trial, H&M follows others in the fashion industry, such as Banana Republic […]

WASHINGTON — The Trump administration has formally objected to the World Bank’s plans to continue lending to China, the latest flash point in a long-running battle between the world’s largest economies. The objection comes at a delicate moment, as Washington and Beijing try to reach a Phase 1 trade agreement within the next 10 days. […]

NEW YORK (Reuters) – Wall Street eked out slight gains on Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China before a new round of tariffs scheduled to kick in on Dec. 15. Tech stocks led all three major U.S. stock averages marginally into the […]

DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, the […]

SEATTLE (Reuters) – Significant additional regulatory requirements or delays in returning Boeing Co’s (BA.N) 737 MAX to commercial service could cause it to cut or temporarily halt production of the aircraft, it said in an Oct. 18 letter released on Thursday. In its letter to the U.S. Securities and Exchange Commission, Boeing said it does […]

(Reuters) – Wall Street’s main indexes dropped on Thursday, as investors stayed away from making riskier bets owing to a lack of new developments in U.S.-China trade talks. The three main stock indexes opened higher, extending gains from the previous session, but lost steam in the first hour of trading. “There is no new news […]

(Reuters) – U.S. stocks looked set to open higher on Thursday on brighter hopes of a preliminary trade deal between the United States and China. Headlines around trade suggested the world’s two largest economies were closer to agreeing how many tariffs would be rolled back in a “phase one” trade deal, while President Donald Trump […]

(Want this by email? Sign up here.) Tech fight could weaken world trade International tax and trade rules cannot address the disruption to national economies that technology giants like Amazon and Facebook cause, writes the WSJ’s Greg Ip. Instead of working together on a solution, individual nations are going it alone, as events this week […]