Today's Top Story
Trump supports deal to allow TikTok to continue to operate in U.S.
WASHINGTON (Reuters) - U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August. Read More
Business News
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TikTok says it already committed to government oversight of U.S. data security
(Reuters) - Video-sharing app TikTok said on Saturday it has already committed to the U.S. government oversight of data security in the country, and that it was "disappointed" by the Trump administration's decision to ban it from U.S. app stores from Sunday.
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Wall Street Weekahead: Corporate debt frenzy rolls on as worries loom over markets
NEW YORK (Reuters) - Investors are gearing up for the year's record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook.
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TikTok files complaint against Trump administration to try to block U.S. ban
(Reuters) - Popular video-sharing app TikTok has asked a U.S. judge to block the Trump administration from enforcing a ban on the Chinese social media network, according to court documents filed late on Friday.
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Economic News
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Fiscal fizzle saps U.S. economic recovery, a possible boost to Biden
(Reuters) - This week's economic data offers fresh hints that the U.S. recovery will slow without new federal aid, a possible blow to President Donald Trump's reelection bid, especially since any new spending before the Nov. 3 presidential election seems unlikely.
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Wall Street Weekahead: Corporate debt frenzy rolls on as worries loom over markets
NEW YORK (Reuters) - Investors are gearing up for the year's record-breaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook.
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Fed's new framework met with a confused shrug by the public: survey
WASHINGTON (Reuters) - The Federal Reserve hopes a new strategy rolled out last month will sink deep into the minds of the U.S. public, be well understood to involve higher inflation in the future, and prompt people to act accordingly.
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Money News
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Goldman holds top rank in activism defense, Spotlight climbs: data
BOSTON (Reuters) - Goldman Sachs
ranked as the top adviser to companies targeted by activist investors during the first half of 2020 while Morgan Stanley dropped into fourth position as the coronavirus weighed on corporations, new Refinitiv data show. -
Proxy advisory firm Glass Lewis shakes up senior ranks, hires from BlackRock
BOSTON (Reuters) - Influential proxy advisory firm Glass Lewis on Monday said it is replacing its head of research and head of sales with two outsiders, marking another shakeup in its top ranks one year after its chief executive officer left.
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In 'laggard rotation', emerging market equity funds turn winners: BofA
LONDON (Reuters) - Global investors yanked almost $24 billion out of cash funds in the past week to redirect money into emerging markets, while slowing down on chasing the summer's winners, technology and gold, BofA's weekly fund flow statistics showed on Friday.
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