The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
World shares fell on Friday as corporate results and economic data failed to wow investors, leaving them to stew over trade tariffs and central bank policies.
New York City is moving toward becoming the first major U.S. municipality to cap ride-sharing services, sparking a tsunami of protest on Friday from Uber [UBER.UL] and others, which warned that those living in far-flung neighborhoods will suffer most.
Wells Fargo & Co apologized on Friday to customers who were having issues with their bank accounts after getting a stream of complaints on social media about checks not clearing or mobile deposits not working.
China plans to put more money into infrastructure projects and ease borrowing curbs on local governments to help soften the blow to the economy from the Sino-U.S. trade war, policy sources told Reuters.
The New York State Public Service Commission said on Friday it revoked its approval of the 2016 merger agreement between Charter Communications Inc and Time Warner Cable, saying Charter failed to build out its network for enough homes and that the company must end its operations in the state.
A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co and Kia Motors Corp vehicles whose fuel economy was inflated.
U.S. broadcasting and media company CBS Corp said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an upcoming New Yorker article that is expected to detail the claims.
Two Silicon Valley firms have stopped shipping some electronic components to Russian customers even though they are not on the list of firms subject to U.S. sanctions, according to sources who work in the sector and a document seen by Reuters.
U.S. economy grew at its fastest pace in four years thanks to a boost in consumer spending and a rush to push out soybean exports to China ahead of higher tariffs, leading some economists to question if that kind of growth will be extended.
The U.S. economy grew at its fastest pace in neary four years in the second quarter. But as Fred Katayama reports, some economists think that growth will slow down in the second half of the year.
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