Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Warren's election reform proposal includes standardized federal election rules, increased federal oversight of elections, and a constitutional amendment guaranteeing voting...Politicsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
* FTSE 100 up 1.1 pct
* FTSE 250 up 0.7 pct
* Ryanair's profit alert drags UK airlines
* Sophos tanks after trading update (Adds analyst comments, graphic, updates share moves)
Jan 18 (Reuters) - British blue-chip stocks rebounded on Friday as investors took hope from signs of easing trade tensions between the United States and China, although a Ryanair alert knocked airline stocks.
The FTSE 100 advanced 1.1 percent after trading lower most of the week as sterling rose amid a tumultuous week in UK politics. The mid-caps were 0.7 percent higher at 0944 GMT after reaching their highest in a month and a half.
The blue chips were still headed for their first weekly drop in a month, while sterling was on track for its best week against the euro since September 2017.
A Wall Street Journal report that Washington was considering lifting some or all of the tariffs imposed on Chinese imports buoyed stocks globally.
Oil majors BP and Shell helped to lead the FTSE 100 gains as crude prices rose after data showed OPEC output fell. Easing trade frictions also contributed to the rise.
Financial services recovered after from a sell-off on Thursday caused by a profit warning from Societe Generale . HSBC rose 1.2 percent.
The prospects for Brexit remained unclear at the end of a chaotic week. Prime Minister Theresa May and opposition Labour leader Jeremy Corbyn deadlocked over how to leave the European Union. Brexit campaigner Nigel Farage said the UK is likely to delay Brexit and another referendum is possible.
Housebuilders, some of the stocks most affected by Brexit outcomes, were among the biggest winners on FTSE 100.
Corporate news drove some moves. Shares in Ryanair, Europe's largest low-cost carrier, fell 1.2 percent after hitting their lowest in nearly four years on its second profit warning in three months. It also predicted a rough outlook for airlines overall.
"We believe this lower fare environment will continue to shake out more loss making competitors, with WOW, Flybe, and reportedly Germania for example, all currently for sale," CEO Michael O'Leary said.
Budget rival easyJet and British Airways-owner IAG declined the most among blue chips as markets shunned airline stocks.
Mid-cap security software company Sophos recovered some early losses but remained down 22 percent after flagging lower annual billings.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; editing by Josephine Mason, Larry King)