Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Shares of Ulta Beauty and Sally Beauty dropped on Monday after Amazon launched its own beauty store for professionals.Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
European stocks closed higher Friday, as market participants monitored a flurry of corporate results and key economic reports.
The pan-European Stoxx 600 closed provisionally up by 0.29 percent, with most sectors and major bourses in positive territory.
Household goods stocks were among the top gainers, led by Sweden's Electrolux. The home appliances maker surged close to the top of the European benchmark after posting stronger-than-anticipated quarterly results and forecast easing cost headwinds over the coming months. Shares of the company were up over 10 percent.
Europe's banking index led the losses amid earnings news. Deutsche Bank reported its first full-year net profit in four years on Friday. However, shares came under pressure, losing 0.59 percent as Germany's largest lender continues to face growing merger speculation and a series of uphill struggles.
Germany's Wirecard, meanwhile, plummeted 25 percent after a Financial Times report said an external firm commissioned by the payments firm to investigate its Singapore office found evidence indicating "serious offences or forgery and/or of falsification of accounts." Wirecard called the report "inaccurate, misleading and defamatory."
On the data front, euro zone inflation slipped as expected last month. Official data published Friday showed inflation in the 19 countries sharing the euro slowed to 1.4 percent in January, from 1.6 percent a month earlier. It provides another reason for the European Central Bank to ease off removing stimulus, as inflation falls further away from its target.
On Wall Street, the Dow Jones Industrial Average rose 160 points while the and Nasdaq Composite also saw gains.
Market focus was largely attuned to the latest jobs numbers out of the U.S. Non-farm payrolls released by the Labor Department Friday showed that the U.S. economy added 304,000 jobs in January, beating an expected 170,000.
Analysts had been unsure what to expect in the wake of the recent government shutdown but stronger-than-expected jobs growth pointed to underlying strength in the U.S. economy.
Sentiment was shaken by concerns over global trade developments, especially after a survey on Chinese factory activity fell to its lowest level since February 2016.
The downbeat data exacerbated fears of an economic slowdown and dented optimism over a possible U.S.-China trade deal.
China's trade delegation reportedly said Washington and Beijing had made "important progress" after two days of trade negotiations.
President Donald Trump also said he would soon meet with Chinese premier Xi Jinping to try to reach a comprehensive trade deal. Stocks had taken heart from the possibility of top-level trade talks over the coming weeks, but the upbeat mood soon cooled when the White House insisted it sees March 1 as a hard deadline for a deal.