[ad_1] (Reuters) – Shares of Fannie Mae and Freddie Mac slumped on Friday amid disappointment over a long-awaited U.S. Treasury Department plan to begin recapitalising the mortgage giants and return them to private control after
Former Starbucks CEO won’t seek U.S. presidency in ‘broken system’
[ad_1] WASHINGTON (Reuters) – Former Starbucks Corp chief executive Howard Schultz has abandoned plans for an independent presidential run, saying he did not want to split the electorate and help re-elect U.S. President Donald Trump
Iranian tanker Adrian Darya 1 photographed off Syrian port Tartus: U.S. satellite firm
[ad_1] (Reuters) – The Iranian oil tanker Adrian Darya 1 at the centre of a dispute between Tehran and Western powers, which went dark off Syria earlier in the week, has been photographed by satellite
China’s August forex reserves rise to $3.1072 trillion
[ad_1] BEIJING (Reuters) – China’s foreign exchange reserves rose unexpectedly in August, even as the yuan posted its biggest monthly drop in 25 years amid escalating trade tensions with the United States. FILE PHOTO: Arrangement
Wall Street Week Ahead: Another recent inversion could provide support for stocks
[ad_1] NEW YORK (Reuters) – A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be
U.S. states launch antitrust probes of tech companies, focus on Facebook, Google
[ad_1] (Reuters) – Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet’s Google (GOOGL.O) and Facebook (FB.O). The first probe, led by New York
U.S. hiring cools; wages, hours offer silver lining
[ad_1] WASHINGTON (Reuters) – U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding
U.S.-China trade conflict could take years to resolve: Kudlow
[ad_1] WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from U.S.-China trade talks in September and October but cautioned that the trade conflict could
Nuclear industry urges Trump to revive uranium mining with Cold War-era rule
[ad_1] WASHINGTON (Reuters) – The U.S. nuclear energy industry has called for the Trump administration to revive domestic uranium mining and enrichment by unlocking funds through a Cold War-era program, in a letter sent to
U.S. launches antitrust probe into California automaker agreement
[ad_1] WASHINGTON (Reuters) – The U.S. Justice Department is investigating whether the decision of four automakers in July to reach a voluntary agreement with California to adopt state emissions standards violated antitrust law, people briefed