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Wall Street up as progress in Trump's tax plan lifts hopes

U.S. stocks extended gains in early afternoon trading on Friday to scale new highs on hopes that President Donald Trump's tax-cut plan would make further headway after the Senate passed a budget resolution.

Recent Business News

Apple hit with trademark lawsuit over iPhone X 'animoji' feature

NEW YORK A Japanese software company is suing Apple Inc in a U.S. court over the trademark for the term "animoji", alleging the U.S. technology company stole the name to use on a feature of its iPhone X.

Tech, Japan 12:56pm EDT

Fed's Mester calls for balance on bank regulation rethink

NEW YORK Cleveland Federal Reserve Bank President Loretta Mester on Friday laid out a set of guiding principles by which to approach changes to U.S. banking regulations, emphasizing the need to tailor rules to risk, to boost cooperation across borders, and to aim for simplicity but not over-simplification.

2:10pm EDT

Whole Foods says hacking incident resolved

Amazon.com Inc's Whole Foods Market said on Friday it had replaced affected point-of-sale systems at venues located within some stores where payment card information had been stolen.

2:46pm EDT

Airbus sees CSeries jets grabbing major global market share: CEO

MONTREAL Airbus SE expects to sell "thousands" of Bombardier Inc's new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday.

2:10pm EDT

Low pay, no bonus: U.S. retailers struggle with hiring

U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures.

6:52am EDT


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