Business News

• Fed policymakers leave little doubt: Rate hikes can wait January 18, 2019
  "Patience" is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while.
• White House adviser Kudlow says making progress on China trade talks January 18, 2019
  White House economic adviser Larry Kudlow said on Friday that the United States and China were making progress on trade negotiations but reaching a deal would take time.
• Exclusive: U.S. demands regular review of China trade reform January 18, 2019
  The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations.
• Fed's Brainard sees mounting negative risks for U.S. economy January 18, 2019
  Federal Reserve Governor Lael Brainard on Friday became the latest U.S. central banker to worry publicly about rising risks for the U.S. economy, suggesting she could embrace a pause on raising interest rates that has won support among most of her peers.
• LJM Partners sues unnamed 'manipulators' it blames for volatility losses January 18, 2019
  LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year's jump in stock market volatility that effectively put the fund manager out of business.
• FedEx to take up to $575 million charge as it starts voluntary buyouts January 18, 2019
  FedEx Corp said on Friday it could take as much as $575 million in charges as it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce costs.
• Wall Street extends rally on U.S.-China trade optimism January 18, 2019
  U.S. stocks rallied on Friday, helping Wall Street's major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors.
• Luxury online reseller The RealReal in talks with banks for IPO: sources January 18, 2019
  U.S. online luxury reseller The RealReal Inc is talking to investment banks about the possibility of an initial public offering (IPO) later this year, people familiar with the matter said on Friday.
• Stocks rally on trade hopes, dollar has first weekly gain of 2019 January 18, 2019
  World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.-China trade conflict.
• Morgan Stanley CEO James Gorman pay rises 7 percent to $29 million: filings January 18, 2019
  Morgan Stanley Chief Executive James Gorman's overall pay rose 7 percent to $29 million last year during a period that saw the firm's net revenues rise 5 percent to $40.1 billion, according to bank filings released on Friday.