Business News Scott Brown

  • Oct 16- Wall Street inched lower on Wednesday as a congressional bill related to the Hong Kong protests stoked fears of more friction with China, even as another batch of positive earnings reports underscored a solid start to third quarter results. Bank of America, the second-largest U.S. bank by assets, rose 2.3% in premarket trading after beating Wall Street...

  • *U.S.- China negotiations going well- Trump. NEW YORK, Oct 11- Global stocks and the euro rallied on Friday on signs of a detente in the U.S.- China trade war and hopes that Britain was moving closer to a smooth exit from the European Union. His comments and plans to meet China's Vice Premier Liu He on Friday at the White House fed hopes that the two sides could dial down a...

  • *Trump to meet Chinese vice premier at 2:45 p.m. ET. Oct 11- Wall Street rose for the third straight session on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases. President Donald Trump said the trade negotiations were going well, and he would meet...

  • Oct 11- Wall Street was set to rise for a third straight session on Friday, as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases. President Donald Trump said trade talks between the U.S. and Chinese officials on Thursday went well, and is set to meet Chinese Vice...

  • *U.S. looking to limit capital flows to China- BBG. Oct 8- Wall Street was set to open lower for the second straight session on Tuesday, after a report that the Trump administration was moving ahead with discussions around possible curbs on capital flows into China stirred up fresh worries over the outcome of the high-level trade talks later this week.

  • *Sept ISM services report expected at 10:00 a.m. ET. Market participants will also focus on a pivotal jobs report on Friday after dismal manufacturing and hiring data showed the U.S.- China trade war was hurting the U.S. economy. "We are really counting on the consumer to kind of carry us through here amid the slow patch in manufacturing," said Scott Brown, chief...

  • Oct 3- Wall Street's main indexes were set to open slightly higher on Thursday after losing 3% in the past two sessions after data pointed to the risk of a slide into recession, with investor attention now squarely on services data due later in the day. Market participants will also focus on a pivotal jobs report on Friday after dismal manufacturing and hiring...

  • WASHINGTON, Sept 27- President Donald Trump's administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.- China trade tensions. Major U.S. stock indexes slipped on the news, which came days before China celebrates the 70th anniversary of...

  • WASHINGTON, Sept 27- President Donald Trump's administration is considering the possibility of delisting Chinese companies from U.S. stock exchanges, a source briefed on the matter said on Friday, in what would be a radical escalation of trade tensions between the two countries. The move would be part of a broader effort to limit U.S. investments into China, the...

  • *Wall Street posted worst session in 2 weeks on Friday. Sept 23- U.S. stocks pared early losses on Monday after a better-than-expected manufacturing survey reinforced confidence in the domestic economy. Investors have been cautious about progress in Sino-U.S. trade talks after a Chinese agriculture delegation canceled a visit to Montana that pulled the Wall...

  • *Wall Street posts worst session in 2 weeks on Friday. The indexes recorded their worst session in about two weeks on Friday- ending a three-week run of gains- after a Chinese agriculture delegation canceled a visit to Montana. "While chances of a complete deal are pretty remote, people are pinning their hopes on any deal where they just stop the escalation," said...

  • *United Auto Workers call for strike on GM; shares fall. Sept 16- Wall Street was set to open lower on Monday as the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world's supply, sparking concerns over global economic growth and heightening tensions in the Middle East. "The Dow futures aren't down too terribly at this point, so we'll have to wait...

  • NEW YORK, Sept 12- A gauge of global stock markets reached a six-week high in choppy trading on Thursday after new hints of progress in the U.S.- China trade dispute, sending bond yields off lows hit earlier in the wake of the European Central Bank's new stimulus measures. On Wall Street, major equity indexes were buffeted by conflicting reports about whether...

  • Sept 12- U.S. stocks gained in morning trading on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank launched a stimulus drive to boost the ailing euro zone economy. In a tweet that calmed trade tensions that have battered financial markets over the last year, President Donald...

  • Sept 12- Wall Street was set to open higher on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank cut interest rates in an effort to boost euro zone economic growth. In an effort to calm trade tensions that have battered financial markets over the last year, President Donald Trump...

  • *AT&T jumps after activist Elliott urges asset sales. *U.S. 10- yr, 30- yr yields hit three-week highs. Sept 9- Early gains on Wall Street fizzled out by afternoon on Monday as losses in technology and healthcare stocks overshadowed increased expectations of stimulus from central banks around the world.

  • Aug 30- U.S. stocks index futures pointed to a higher open for Wall Street on Friday, as investors took comfort from signals that the United States and China will resume trade talks. "It is a continuation of what we saw yesterday and there is optimism that there's going to be some sort of progress, that seems to be the biggest factor," said Scott Brown, chief economist at...

  • Aug 27- Wall Street's main indexes rose for the second straight session on Tuesday, supported by broad-based gains as investors pinned their hopes on a resolution to the protracted U.S.- China trade dispute despite mixed signals from both sides. President Donald Trump sought to ease tensions by predicting another round of talks with Beijing. China's foreign...

  • *China unveils retaliatory tariffs on U.S. goods. Aug 23- U.S. stocks fell on Friday after China threatened to impose additional tariffs on $75 billion worth of U.S. goods, ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell. China's latest tariffs, which follow U.S. duties on $300 billion worth of Chinese goods, threaten to prolong an...

  • *China unveils retaliatory tariffs on U.S. goods. Aug 23- Wall Street was set to open lower on Friday as China's threat to impose tariffs on $75 billion worth of U.S. goods ratcheted up trade tensions ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell. China's commerce ministry said it would impose additional tariffs on a total of 5,078 U.S....