Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread 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
President Donald Trump's top economic advisor Larry Kudlow on Friday said he believes the "underlying" U.S. economy "looks very good."
"I don't think the underlying economy is slowing," Kudlow said on CNBC's "Power Lunch."
"The fundamental economy," a phrase he used to mean "consumption and business investment … looks very good," Kudlow said.
Kudlow, the director of Trump's National Economic Council, made the remarks on CNBC shortly after saying in an Axios interview that he wants the Federal Reserve to "immediately" cut U.S. interest rates by half a percentage point.
"I am echoing the president's view – he not been bashful about that view – he would also like the Fed to cease shrinking its balance sheet. And I concur with that view," Kudlow said when asked by CNBC Friday.
The central bank announced last week that it would hold off on raising interest rates, and hinted that another rate hike might not be necessary for the rest of the year.
Though Fed Chairman Jerome Powell highlighted slowdowns in overseas economic growth, the Fed did not indicate at its March meeting that rate cuts would be necessary.
The critiques from the Trump White House break with the precedent set by past presidents, who have generally allowed the Fed to act independently.
Kudlow said Friday that he respected the Fed's independence — but noted that "we don't want to threaten this great recovery."