No more neutral rate? The shine comes off the Fed's r-star

In a speech last month Federal Reserve Chair Jerome Powell voiced doubts about the usefulness of some of the key economic measures officials have been relying on to guide U.S. interest rate policy in recent years.

Kraft Heinz sees rising costs, still weighing M&A deal: CEO

Kraft Heinz Co is feeling the pinch from trade conflicts and rising costs, but is still willing to consider an acquisition to fuel growth, its chief executive officer said on Friday.

Canada's Freeland sees 'very good progress' in NAFTA trade talks

Canada's top trade negotiator said on Friday she and her U.S. counterpart were making "very good progress" in talks to save the North American Free Trade Agreement amid increasing Canadian optimism that a deal could be reached.

Tire maker Pirelli abandons Venezuela, adding to business exodus

Manufacturer Pirelli said on Friday it had ceased operations in Venezuela, selling its car tire factory for an unspecified amount and adding to the flood of foreign businesses abandoning the crisis-wracked country.

Proxy adviser ISS backs call for safety report at Smith & Wesson parent

Proxy adviser Institutional Shareholder Services on Friday recommended that investors vote in favor of a shareholder proposal at American Outdoor Brands Corp, parent of gun maker Smith & Wesson, calling for a report on the safety of the company's products.

Wall Street drops after Trump threatens further China tariffs

Wall Street's major indexes moved lower on Friday after U.S. President Donald Trump said he had tariffs ready to impose on an additional $267 billion worth of Chinese imports, though stocks pared losses late in the afternoon.

World stock markets fall, trade fears and rate hikes worries weigh

World share indexes limped toward their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions.

Change Ahoy: Mondelez's new strategy weighs on earnings outlook

Mondelez International Inc forecast smaller-than-expected earnings growth for 2019 as Chief Executive Dirk Van de Put unveiled a series of strategic changes, sending the Chips Ahoy-maker's shares down 2.8 percent on Friday

Strong U.S. sales could ease profit worries into 2019

A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.

SEC charges microcap investors in 'pump-and-dump' schemes

The U.S. Securities and Exchange Commission said on Friday it has charged 10 individuals and 10 associated entities in long-running microcap "pump-and-dump" schemes.

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