Futures are pointing to a rebound at the Friday Wall Street open ahead of the long holiday weekend, but not nearly enough to make up for the week's losses.Morning Briefread more
May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
"We have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business."Investingread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
China denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China's Huawei was lying about his company's ties to the...World Politicsread more
U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries.World Economyread more
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.Trading Nationread more
President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods — but Chinese PC-maker Lenovo is prepared to shift its production if that happens,...Technologyread more
Indian Prime Minister Narendra Modi won a landslide re-election victory. That could see India taking a more assertive security stance.Asia Politicsread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
President Donald Trump is grousing again about his Federal Reserve chairman, telling political donors that he was hoping for easier monetary policy.
Speaking at a fundraiser in the Hamptons on Friday, Trump said he thought Fed Chairman Jerome Powell would favor cheaper money and not have such a heavy hand when it comes to interest rate hikes, according to Bloomberg, which cited three sources who attended the event.
The Fed has hiked its benchmark interest rate target six times since Trump took office in January 2017, compared with just twice for his predecessor, Barack Obama. In addition, the Fed has indicated two more rate hikes before the end of the year and three more in 2019.
"He was questioning why it was happening," one person at the event said, according to a Dow Jones report. "He made a reference to things going so well, so why bother" raising rates.
The White House did not comment specifically on the remarks, reportedly made during a fundraiser at the home of Howard Lorber, chairman of Douglas Elliman real estate and head of Nathan's Famous hot dog company.
This was not the first time Trump has taken Powell to task, though presidents often refrain from expressing public opinions on Fed policy.
In a CNBC interview July 19, Trump said he was "not thrilled" about the tighter Fed policy, though he said he respects its independence.
"Because we go up and every time you go up they want to raise rates again. I don't really — I am not happy about it. But at the same time I'm letting them do what they feel is best," Trump said at the time.
Government bond yields edged lower following the report about Trump's latest comments, though at 2.83 percent. The benchmark 10-year Treasury note has been heading lower over the past month, with the current yield the lowest since July 13.
Correction: An earlier version misstated the amount of rate hikes during Obama's term.