Business

Cleveland Federal Reserve President Loretta Mester said on Saturday she sees "big downside risk" from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank's next policy meeting.

More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc , which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs may erode the companies' ability to act as economic bellwethers.

British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company's shale gas exploration site late on Saturday.

FedEx Corp , United Parcel Service Inc and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China.

The United States and Japan have reached the broad framework of a trade agreement, Japan's Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles.

The Federal Trade Commission (FTC) and AT&T Inc reached a settlement agreement on a 2014 case that accused the company of slowing down data sent to wireless devices, a federal court ruling showed on Friday.