Thousands of Canadian auto industry workers have been furloughed with more temporary layoffs coming as negotiations on a new labor contract between General Motors and the...Autosread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 billion each.The Fedread more
"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
Morrison and Trump were expected to discuss a range of issues during a bilateral meeting Friday morning, including the ongoing U.S.-China trade war and the rising tensions in...Politicsread more
Some businesses, mostly small- to mid-sized companies, are providing workers with paid time off to join the Global Climate Strike, while others are shutting down operations...Weather & Natural Disastersread more
FedEx's earnings disappointment and outlook warning earlier this week were a "wake-up call," says the "Mad Money" host.Investingread more
President Trump's criticism of Fed Chairman Jerome Powell has been more public because of Twitter, says economist Alan Blinder.Economyread more
A bipartisan group of senators is urging acting Food and Drug Administration Commissioner Ned Sharpless to immediately pull most e-cigarettes off the market, including market...Health and Scienceread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
A daily morning look at the financial stories you need to know to start the day.
-Stock futures are higher after Wednesday's gains. Economic data comes fast and furious this morning with weekly jobless claims, personal income and spending, and pending home sales all due to report. If the personal spending number is 0.4 percent or higher, investors will see it as a sign of a strengthening economy and proof the revised 3 percent GDP number for the second quarter is no fluke.
-Americans now spend more on taxes than they do on food and clothing combined.
-Harvey is now moving inland. The death toll from the storm and flooding is now at 35, but more dead are expected to be found today. Moody's Analytics is estimating the cost of the storm will be between $51 billion and $75 billion. Explosions and smoke have been reported at the flood-hit Arkema chemical plant in Texas.