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Current feed - Reuters: Business News

Wall St. Week Ahead: May be time for growth to run out of gas
A return to fashion of growth stocks in 2019 helped lead the overall market out of a year-end shakeout, but another multi-year run of growth performing better than value may not be in the cards.

Trump says he's inclined to extend China trade deadline and meet Xi soon
President Donald Trump said on Friday there was "a very good chance" the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping.

Trump says could include Huawei and ZTE in trade deal
U.S. President Donald trump said on Friday he may or may not include Chinese telecommunications companies Huawei Technologies and ZTE Corp in the trade deal being negotiated between the United States and China.

Microsoft workers demand it drop $480 million U.S. Army contract
Some Microsoft Corp employees on Friday demanded that the company cancel a $480 million hardware contract to supply the U.S. Army, with 94 workers signing a petition calling on the company to stop developing "any and all weapons technologies."

Kraft Heinz shares fall 28 percent after writedown, dividend cut
Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats.

NY governor orders probe into Facebook access to data from other apps
New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data.

Brazil judge suspends Embraer-Boeing tie-up negotiations: court document
A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.

No more MOUs! USTR Lighthizer tweaks trade terminology after dispute with Trump
In trade talks between the United States and China, Memorandums of Understanding - the building blocks of what would be a historic deal - are officially out.

Fed's policy pause sets stage for broad overhaul
When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to U.S. economic growth and the need for more time to sort through the data.

Flattening U.S. yield curve in late 2018 'flashing red' on economy: Fed's Williams
A flattening U.S. yield curve in December, which was close to being inverted, was "flashing red" about a deceleration in U.S. economic growth heading into 2019, despite some solid data at the time, New York Federal Reserve President John Williams said on Friday.

 

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