Mexico and the United States need to resolve complicated bilateral issues before modernization of the North American Free Trade Agreement (NAFTA) can move forward, Canadian Foreign Minister Chrystia Freeland said on Friday.
Nearly a year after Mexico’s government began recruiting local exporters to sell avocados, tequila and other goods wholesale with Alibaba, China’s biggest e-commerce site, the trade body responsible still needs to sign up dozens more to meet its goal. Twenty-four companies are now approved to export to businesses in China and other countries as paying members on business-to-business platform Alibaba.com, said Carlos Alvarez, a project coordinator at government trade and investment group Promexico, in an interview. The Mexican government signed a deal with Alibaba last September to help small- and mid-sized businesses enter Mexico’s nascent e-commerce industry alongside …read more […]
The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank’s current pace of rate hikes.
Global equity markets rose on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank’s policies are best to keep the economy humming, spurring new highs on Wall Street, while oil surged on signs Iran sanctions may crimp worldwide supply.
The S&P 500 index notched its highest ever close on Friday, reaffirming that the bull market was intact, and now the longest running ever, after a steep sell-off seven months ago that tipped the market into a correction.
The benchmark S&P 500 index clinched its longest-ever bull market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank’s current pace of rate hikes.
Wells Fargo & Co is laying off more than 600 workers as it grapples with a slowdown in its mortgage business, a bank spokesman said on Friday.
JD.com, Kinder Morgan, and Oaktree Capital could still have room to run as the bull market enters its 10th year. …read more […]
Volkswagen Chief Executive Herbert Diess was given a memorandum warning the carmaker might face legal action in the U.S. over the use of cheating software in cars just days before the scandal broke, a public broadcaster reported on Friday.
Second-quarter earnings season is winding down, with most of the giants having already reported at least a few weeks ago. Yet, the week of August 20 saw some big names release their results, including Target (TGT) and Alibaba (BABA). And we’re not done yet. …read more […]
Aug.24 — Harry Litman, former deputy assistant attorney general, reacts to federal prosecutors giving immunity to Allen Weisselberg, the Trump Organization’s chief financial officer. He speaks with Bloomberg’s Kevin Cirilli on “Bloomberg Markets.” …read more […]
Q2 2018 Ultra Petroleum Corp Earnings Call …read more […]
Lisa Brennan-Jobs’ upcoming memoir, “Small Fry,” describes her relationship with her father, Apple founder Steve Jobs. Brennan-Jobs received an inheritance after her father’s death, but his $20 billion fortune is controlled by Laurene Powell Jobs. …read more […]
Robin Leach, whose voice crystallized the opulent 1980s on TV’s “Lifestyles of the Rich and Famous,” died Friday. Leach’s family said through a public relations firm that he died in Las Vegas, where he made his home. Leach had a stroke in November while on vacation in Mexico that led to a months-long recovery, much of which he spent at the Cleveland Clinic in Ohio before returning to Las Vegas in June. …read more […]
Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs.
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