Wall St. rebounds, dollar gains on solid GDP data, upbeat earnings
U.S. stocks bounced back and the dollar hit a two-month peak on Friday as solid economic data and a spate of positive earnings reports brought buyers back to the market.
U.S. stocks bounced back and the dollar hit a two-month peak on Friday as solid economic data and a spate of positive earnings reports brought buyers back to the market.
U.S. President Donald Trump wrote in a tweet on Friday that second-quarter economic growth, which slowed by less than expected, was "Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck."
Robust earnings from Google-parent Alphabet and Twitter took the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data that showed the domestic economy slowed lesser than expected in the second quarter.
The U.S. Justice Department said on Friday it is approving T-Mobile US Inc's $26 billion takeover of rival Sprint Corp, clearing a major hurdle to a deal that would merge the nation's third and fourth largest wireless carriers.
Chevron Corp , the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls whether to renew its license, expiring on Saturday, to do business there.
The tax man knows that you're quietly trading virtual currency, and now it's time to pay the piper.
Dish Network's bid to become a fourth U.S. mobile carrier may cost billions more than it expected and pits it against corporate giants, but the satellite TV provider has an advantage in starting fresh, with no legacy technology to maintain, and deep-pocketed potential partners are standing by.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health.
Oil prices inched up on Friday, on track for a weekly increase, boosted by upbeat U.S. economic data and concerns over the safety of oil transport around the Strait of Hormuz.
The London Stock Exchange Group Plc is in talks to combine with financial data analytics and trading platform Refinitiv, the Financial Times reported on Friday, citing people briefed on the matter.
The S&P 500 and the Nasdaq hit fresh intraday highs and the dollar reached a two-month peak on Friday as strong economic data and a stream of upbeat earnings reports stoked investor sentiment.
T-Mobile US Inc won U.S. antitrust approval for its $26 billion takeover of rival Sprint Corp, the Justice Department said on Friday, clearing a major hurdle to a deal that would merge the nation's third and fourth largest wireless carriers.
Oil prices inched up on Friday, ending the week higher after stronger-than-expected U.S. economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply.
T-Mobile US said on Friday that the cost required to acquire smaller rival Sprint will come down by 10 percent from the initial $26.5 billion following the divesture of assets to Dish Network.
Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.