When President Donald Trump proposes his 2020 federal budget on Monday, official Washington will likely have a quick look, shrug and move on, marking another stage in the quiet decay of the U.S. government’s traditional policy-making processes.
The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.
Wall Street’s main stock indexes fell for a fifth straight session on Friday and posted their biggest weekly declines since the market tumbled at the end of 2018, as a weak U.S. jobs report ignited more concerns about the global economy.
Headline U.S. job growth hit the brakes in February, registering the smallest gain since September 2017 and the third-smallest during the unprecedented run of 101 consecutive months of payrolls gains.
Oil prices fell about 1 percent on Friday after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
Canada’s Federal Court on Friday rejected a bid by SNC-Lavalin Group Inc to challenge prosecutors who insist the construction company must face trial on charges of corruption.
Brazil’s Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking.
Wall Street’s main indexes fell for a fifth straight session on Friday, as a weak U.S. jobs report ignited more concerns about the global economy.
EDP-Energia de Portugal is working on a plan to sell some of its electricity generation assets in Portugal, three sources close to the matter said, in an effort to free up cash to drive its renewable energy expansion.
U.S. stocks were on pace for their fifth day of losses on Friday, after weak U.S. jobs data in February added to concerns over cooling global growth that was sparked by a sharp fall in China’s exports and a prolonged slowdown in the eurozone.
Oil prices fell more than 2 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
The pace of U.S. economic growth may prove to be critical for shares of homebuilders, which have climbed sharply as spring approaches. An easing economy that allows for lower interest rates supports an optimistic outlook for the industry, investors say, but any hints of a sustained downturn could sink shares.
U.S. employment growth almost stalled in February, with the economy creating only 20,000 jobs, adding to signs of a sharp slowdown in economic activity in the first quarter.
Global stocks dipped on Friday and the dollar weakened for the first time in eight sessions after a disappointing U.S. payrolls report added to concerns that the world economy was slowing.
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
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