Stocks Climb on Hopes for Trade Deal
U.S. stocks rose as investors gauged comments from President Trump on his willingness to delay a China trade deal to be rhetoric used to further negotiations.
U.S. Private Sector Added 67,000 Jobs in November
The U.S. nonfarm private sector added 67,000 jobs in November, missing economists' expectations by a wide margin. Large and midsize businesses posted the largest increase, according to the ADP report.
New Zealand Nearly Doubles Capital Requirements for Banks
New Zealand is almost doubling the amount of high-quality capital that banks are required to hold, aiming to limit the chance of a bank collapse to a one-in-200 year event.
Heavy-Duty Truck Orders Wane as Industrial Demand Declines
Order books for heavy-duty truck manufacturers are thinning out as a weaker U.S. industrial economy pushes fleet operators to put the brakes on plans to expand freight-carrying capacity.
Pound Hits Fresh High on Boris Johnson's Election Prospects
The pound rose to a seven-month high against the dollar as polls suggested that Prime Minister Boris Johnson's Conservative Party would win a majority in next week's general election.
New Link Between Stocks, Bonds Shows How Markets Have Changed
Value stocks perform better when the yield curve gets steeper, meaning the difference between long- and short-term government bond yields widens. That correlation was nonexistent 10 years ago.
U.S. Services Sector Grew Solidly in November
Service-sector activity across the U.S. expanded in November, a reassuring sign the U.S. economy remained on solid footing as 2019 comes to a close.
Treasury Secretary Mnuchin Raises Concerns Over Global Tax Talks
The U.S. has "serious concerns" with proposals being discussed in the global rewrite of corporate tax rules, Treasury Secretary Steven Mnuchin said.
Oil's Volatile Stretch Continues Ahead of OPEC Decision
Oil prices rose near their highest level in two months, extending a recent stretch of volatility as analysts await an OPEC decision about the cartel's supply cuts.
Tired of OPEC Laggards, Saudis Threaten Oil-Output Surge
Saudi Arabia is threatening to boost oil production unilaterally if some OPEC nations continue to defy the cartel's output curbs, cartel officials say.