Many investors and analysts have increasingly lowered their expectations for the U.S. and China to find a quick resolution.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Europeans stocks closed higher on Thursday as investors awaited comments on monetary policy from the Jackson Hole meeting.
The pan-European Stoxx 600 ended the day up 0.3 percent, with all major bourses in positive territory. Markets in the U.S., meanwhile, turned negative ahead of central bank policy announcements.
Construction and material stocks were one of the better performing sectors Thursday after CRH sold its U.S. business for $2.63 billion in cash to Beacon Roofing, Reuters reported. CRH shares closed the day up 3.8 percent.
Provident ended the day at the top of the European benchmark, up 13 percent, after suffering losses of more than 66 percent earlier in the week on the news of its chief executive Peter Crook's departure. Sunrise, the Swiss telecom firm, was also up by more than 7 percent after reporting strong second-quarter results.
On the other end, Simcorp, a software provider, dropped more than 9 percent after its earnings report disappointed investors.
Retail stocks closed in negative territory after a difficult morning of trade. Dixons Carphone remained at the bottom of the European benchmark, down more than 23 percent, after lowering its full-year profit on tougher market conditions. The firm forecast its headline pretax profit for the current year to come between £360 million and £440 million ($460-562 million) - lower than the £495 million that Reuters analysts were expecting. Meanwhile, data from the Confederation of the British Industry showed U.K. retail sales declining in the year to August.
"Despite the warmer weather at the start of the month, retail sales have cooled as higher inflation continues to squeeze consumers' pockets. Meanwhile, deteriorating sentiment regarding the business situation has combined with falling headcount among retailers," Anna Leach, CBI head of economic intelligence, said in a statement.
Concerns over U.S. President Donald Trump's comments threatening to shut down the government eased overnight. As a result, the focus has shifted to the many addresses from central bankers at the Jackson Hole economic symposium.
In terms of data, in the U.K., private consumption growth eased further than expected in the second quarter of this year. Nonetheless, the Office for National Statistics confirmed GDP at 0.3 percent for the second quarter of 2017.
In France, business sentiment hit a 10-year high in August, the country's statistic office said Thursday. Industrial morale increased to 111 points - the highest figure seen since before the financial crisis.
"Headline looks better than it is, but it signals strong growth in third-quarter manufacturing and capex," Claus Vistesen, chief euro zone economist at Pantheon Macroeconomics, said in an email.
"Overall, the composite index points to robust growth in domestic demand, but the employment component of this index has weakened in the past few months," he said.