U.S. judge tosses former SAC Capital trader’s insider trading guilty plea
A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the...
S&P 500 hits all-time high on trade optimism
The S&P 500 touched a record high for the second straight session on Friday as hopes of trade talks between Washington and Beijing were lifted...
Oil gains after Iran tensions, stocks at seven-week highs
Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East, while a...
PG&E to float $31 billion restructuring plan: Bloomberg
Power producer PG&E Corp will propose a $31 billion bankruptcy restructuring plan that will include two funds worth a total of $34 billion to cover...
Fed officials face weak inflation, but split over what it means
U.S. Federal Reserve officials were divided Friday over how seriously to treat a slide in inflation, with one top policymaker saying the Fed was “close”...
Soft U.S. factory activity darkens economic outlook
U.S. manufacturing activity barely grew in early June and the service sector cooled, signs that President Donald Trump’s trade war with China could be weighing...
Wall St. Week Ahead: Investors eye G20 with hopes for U.S.-China trade detente
All eyes will be on U.S. President Donald Trump and China’s President Xi Jinping next week as investors are desperate for any signs of a...
S&P 500 hits fresh record high as Pence sparks trade optimism
The S&P 500 hit a new all-time high on Friday, as U.S. Vice President Mike Pence’s decision to defer a planned speech on China policy...
U.S. markets regulators reach deal on Dodd-Frank swaps capital rules
U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a...
Two Fed policymakers sound inflation alarm, call for rate cuts
Two U.S. central bankers on Friday sounded the alarm on sluggish U.S. inflation and called for immediate action in response, in what amounted to a...