 | | | | The United States and China agreed on Friday to the first phase of a trade deal covering agricultural purchases, currency and some aspects of intellectual property protections, and averting a threatened tariff hike, but President Donald Trump said more needed to be negotiated. | | | | | | President Donald Trump said on Friday the United States and China had come to a substantial phase-1 trade deal, reaching agreement on intellectual property, financial services and big agricultural purchases. | | | | | | A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acre upon acre of dry brush and chaparral as 100,000 residents were forced to flee. | | | | | | German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues. | | | | | | Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China trade war lifted sentiment. | | | | | | U.S. stocks ended more than 1% higher on Friday, but below their session highs, after the announcement of a partial trade deal between the United States and China. | | | | | | Global stocks and the euro rallied on Friday on signs of progress in U.S.-China trade talks and hopes that Britain was moving closer to a smooth exit from the European Union. | | | | | | General Motors Co took the unusual step of appealing directly to its unionized employees in a blog post on Friday that laid out its latest offer aimed at ending a month-long strike, drawing an angry response from the union that the automaker was trying to "starve ... workers off the picket lines." | | | | | | California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires "unacceptable", as gale-force winds and dry weather posed a critical fire threat to the north of the state. | | | | | | A U.S. Bankruptcy Judge signaled support on Friday for a six-month pause to litigation led by 24 states against OxyContin maker Purdue Pharma LP to give the company time to settle thousands of lawsuits alleging it fueled a deadly nationwide opioid crisis. | | | | | | Citibank has agreed to pay a $30 million fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the U.S. Office of the Comptroller of the Currency (OCC) said on Friday. | | | | | |
