×

Top News & Analysis New York City

  • *Q1 GDP up 0.7 pct vs. est. increase of 1.2 pct. April 28- U.S. stocks looked set to open little changed on Friday after data showed the economy grew at its weakest pace in three years in the first quarter, while investors remained cautious due to simmering tensions between North Korea and the United States. Amazon rose 3.4 percent at $949.80 in premarket trading, while...

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year. U.S. light crude rose 18 cents to $49.15 a barrel at 4:03 p.m. EDT, off the day's high of $49.76.

  • *U.S. 1st- quarter GDP comes in weaker than expected. NEW YORK, April 28- U.S. Expected month-end changes to portfolio benchmarks supported long-dated Treasuries, said Subadra Rajappa, head of U.S. rates strategy at Societe Generale in New York.

  • WASHINGTON, April 28- The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. "It marks a rough start to the administration's high hopes of achieving 3 percent or better growth; this is not the...

  • WASHINGTON, April 28- The Republican-led Congress averted a U.S. government shutdown on Friday, giving lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved. The Senate passed a stopgap measure by voice vote without opposition after the House earlier approved it by a tally of 382-30. The...

  • WASHINGTON/ TAIPEI, April 28- Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday. It was unclear if Gou had met personally with Trump, who had already departed the White House for a trip to...

  • LOS ANGELES/ NEW YORK, April 28- U.S. Late-night talk shows and topical satire, including NBC's "Saturday Night Live," will be the first hit if the Writers Guild of America goes on strike next week in a stoppage that media analysts say could send viewers flocking irreversibly to streaming services. "A strike of any duration will drive audiences off broadcast and cable...

  • *Lawmakers must settle $1 trillion in spending priorities. The Senate passed the stopgap measure by voice vote without opposition after the House earlier approved it by a tally of 382-30. The measure now goes to Republican President Donald Trump to sign into law, preventing a shutdown of many parts of the federal government on Saturday, his 100th day in office.

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices were little changed on Friday in a see-saw session, retreating from session highs and headed for weekly declines on lingering questions about whether OPEC will extend output cuts at its May meeting and whether it will reduce a global crude glut enough to boost prices.

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities losing ground after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. "The GDP numbers today are questioning the robustness of the economy...

  • WASHINGTON, April 28- Foxconn, the world's largest contract electronic manufacturer and a major Apple Inc supplier, is planning an investment in the United States but has not finalized its plans, Chairman Terry Gou said as he exited the White House on Friday. "We are planning a number of investments in America, Gou told reporters waiting for him outside the White...

  • The plans for four heavily indebted Puerto Rico agencies will be amended in upcoming weeks, although officials noted that the water rate increase will start in January and that the Government Development Bank will be liquidated within a decade. The board met in New York City to review the plans just days before a May 1 deadline on which Puerto Rico might...

  • LOS ANGELES/ NEW YORK, April 28- U.S. Late-night talk shows and topical satire, including NBC's "Saturday Night Live," will be the first hit if the Writers Guild of America goes on strike next week in a stoppage that media analysts say could send viewers flocking irreversibly to streaming services. "A strike of any duration will drive audiences off broadcast and cable...

  • WASHINGTON, April 28- Foxconn, the world's largest contract electronic manufacturer and a major Apple Inc supplier, is planning an investment in the United States but has not finalized its plans, said Chairman Terry Gou as he exited the White House on Friday.

  • WASHINGTON, April 28- The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. "It marks a rough start to the administration's high hopes of achieving 3 percent or better growth; this is not the...

  • "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last year," said Jim Smith, president and chief executive officer of Thomson Reuters, in an interview with Reuters on Friday. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well...

  • WASHINGTON, April 28- The U.S. Congress on Friday passed stopgap legislation to avert a government shutdown at midnight and give lawmakers another week to reach a deal on federal spending through the end of the fiscal year, with contentious issues remaining to be resolved. Congress has been tied in knots over $1 trillion in spending priorities for months.

  • NEW YORK— Facebook is acknowledging that governments or other malicious non-state actors are using its social network to influence political sentiment in ways that could affect national elections. It's a long way from CEO Mark Zuckerberg's assertion back in November that it was "pretty crazy" to think that false news on Facebook influenced the U.S....

  • WASHINGTON, April 28- The U.S. House of Representatives on Friday overwhelmingly passed stopgap legislation to avert a government shutdown at midnight and give lawmakers another week to reach a deal on federal spending through the end of the fiscal year. After the House passed the measure by a tally of 382-30, the legislation went the Senate, where Republican...

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities stalling after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. First-quarter earnings are currently expected to grow by 13.6 percent,...