Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Better-than-expected U.S. employment data on Friday kept the dollar afloat, even as the European Union, Canada and Mexico are expected to retaliate to the import tariffs on steel and aluminum announced by President Donald Trump.
Domestic job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions. The U.S. Labor Department's report also showed solid wage gains, making a rate hike in June near-certain, and increasing expectations of a fourth hike this year.
Against a basket of six currencies, the dollar rose half a percent to a session high of 94.45. It was last up 0.24 percent at 94.21. The move, however, was relatively muted compared to the blockbuster jobs numbers.
"The market was fairly pricing the Feds path coming into the number, which was a shift from the beginning of the week where the market took out some of the rate hikes," said Charles Tomes, senior investment analysts at Manulife Asset Management.
Rising trade tensions also counterbalanced the fizzy jobs data and weighed down the dollar. Following Trump's announcement Thursday of new tariffs on imported metals, Canada, Mexico and the EU all said they plan to retaliate with levies on billions of dollars of U.S. goods from orange juice and whiskey to blue jeans and Harley-Davidsons.
Political turmoil in Italy earlier this week drove the dollar index to a 6-1/2 month high, but expectations of a fourth rate hike in 2018 decreased over fears of a euro zone crisis.
The euro edged higher on Friday, breaking a six-week losing streak, supported by a drop in Italian bond yields after a revived coalition deal between two anti-establishment parties pulled the country back from snap elections.
Sterling strengthened against the dollar and the euro on Friday as data showed UK manufacturing growth picking up speed in May. The pound languished near a six-month low of $1.3205 for much of the week, curtailed by weakness in the UK economy and influenced by non-UK factors including new U.S. trade tariffs and possible snap elections in Italy.
On Friday, however, it was set for its biggest daily gain in eight weeks. It climbed 0.5 percent to a five-day high $1.3362. It was last up 0.36 percent at $1.3346.