Economic News
Intel faces lawsuits over Meltdown and Spectre bugs
Intel is facing at least three class-action lawsuits over software bugs revealed earlier in the same week.
US open: Wall Street pushes higher despite slight miss on jobs report
Wall Street was making new inroads into record territory despite the release of a raft of weaker-than-expected economic data, although a top US rate-setter did hold out the possibility in a speech that tax cuts might unleash a sharp increase in investment.
US tax cuts may unleash a lot of investment, Fed's Bullard says
A top US central banker and one of the foremost 'doves' in policy-making circles in the States said the recently enacted tax cuts should not force the monetary authority to tighten policy more quickly.
Christmas high street sales fall for fifth year in a row - BDO
High street sales in December were lower than the previous year, with clothing and footwear suffering the most.
Fed will only need to hike rates twice in 2018, Philly Fed's Harker says
The US central bank will only need to hike rates twice in 2018 and the risk of persistently soft inflation needs to be closely monitored, a top US central bank official said.
ISM services index drops to 55.9 in December
Activity in the US services sector unexpectedly slowed in December, according to data released on Friday.
US jobs fall short of forecasts in December, economists still see 4 Fed hikes
US job growth fell short of forecasts at the end of 2017, contrary to the findings of a widely-followed survey of hiring conditions published the day before.
US November foreign trade deficit makes for grim reading, economists say
America's shortfall in trade with the rest of the world widened in November as the climb in world oil prices increased the country's energy bill.
Citi tells clients to overweight emerging market and European stocks
Citi predicts another positive year for stocks around the world on the back of rising corporate earnings.
Car sales post first decline in five years as policy changes make Britons wary of diesel-powered vehicles
According to data collated by the Society of Motor Manufacturers and Traders (SMMT), 2017 marked the first decline in UK car sales in five years, with the trade association putting the blame on Westminster for creating uncertainty over the future of diesel-powered vehicles in Britain.
North Korea agrees to talks after the South and US postpone military drills
North Korea has agreed to hold the first official talks in more than two years with its neighbour to the South after Seoul and Washington postponed their annual large-scale military exercises until after the 2018 Winter Olympics.
Trump proposes massive expansion of offshore drilling
The Trump administration is planning a massive expansion of offshore drilling by opening up protected areas in the Pacific and Atlantic oceans.
FCA appoints Charles Randell as new chair
Former lawyer and Bank of England adviser Charles Randell has been appointed as the new chair of the Financial Conduct Authority for a five-year term.
Shop prices dragged down by non-food cuts - BRC-Nielsen
Shop prices in the run up to Christmas fell at their steepest rate in eight months, led entirely by price cuts by non-food retailers as food prices continued to rise.