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 moderately amid rising threats from trade tensions.
U.S. stocks were set to open higher on Friday as China rolled out a stimulus plan to shore up its flagging economy and weak jobs data cemented expectations of an interest rate cut by the Federal Reserve later this month.
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 moderately amid rising threats from trade tensions.
Novo Nordisk will offer cheaper insulin to U.S. diabetics, the Danish drugmaker said on Friday, in response to criticism over the high price of the medication and after similar moves by rivals Sanofi and Eli Lilly.
U.S. stock index futures pared gains on Friday after data showed domestic job growth slowed more than expected in August, but strong wage gains should keep the economy expanding moderately amid rising threats from trade tensions.
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 moderately amid rising threats from trade tensions.
A bipartisan coalition led by New York state attorney general (AG) is launching an investigation into Facebook Inc to determine whether the company’s actions endangered consumer data and increased advertising costs, New York AG Letitia James said on Friday.
Novo Nordisk said on Friday it would offer cheaper insulin to some U.S. diabetics in response to intense criticism over the high price of the medication and following similar moves by rivals Sanofi and Eli Lilly.
Qualcomm Inc said on Friday it will put fifth-generation, or 5G, technology into chips powering mid-priced mobile phones starting next year, expanding use of chips now found almost exclusively in pricey phones such as Samsung’s $1,299 Galaxy S10 5G model.
U.S. stock index futures edged higher on Friday ahead of a crucial jobs report and as China rolled out a stimulus plan to shore up its flagging economy.
Despite signs that the U.S. economy is slowing, New York-based Citigroup Inc is betting big on credit cards.
Stimulus from China capped a strong week for global share markets on Friday, while bond buyers and dollar dealers were waiting for U.S. jobs data after their first significant selloffs in months.
Huawei Technologies showcased its chipset for a new high-end smartphone on Friday, pressing ahead with plans to launch its Mate 30 range, despite uncertainty about whether the new phones will be able to run Google’s Android operating system and apps.
Nissan Motor Co is considering pulling out of South Korea, the Financial Times reported on Friday, as political and trade tensions between Japan and South Korea have caused sales of Japanese products in the neighboring country to plummet.
U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
