Tag: Yahoo Finance

Trump and Powell Put Trade, Fed Center Stage

(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The two biggest players in the U.S. economy will take the stage this week, as President Donald Trump and Federal Reserve Chairman Jerome Powell speak amid signs the nation’s trade war with China may be thawing.Trump will deliver a speech at the Economic Club of New York on Tuesday, with investors hoping he sheds light on a planned initial deal with China. Any comments on trade from the president could prove key to Powell’s outlook when he testifies before lawmakers in Washington on Wednesday and Thursday -- his first major appearances since the U.S. central bank cut rates last month and signaled its easing plans were now on hold.“While the current warming trend on the trade front and favorable market response may be mitigating the need for a December rate...

Woody Allen, Amazon end legal dispute over movie deal

Woody Allen has ended his $68 million lawsuit against Amazon.com Inc for backing out of a four-picture production and distribution agreement and refusing to distribute a film he had finished. Allen and Amazon notified the federal court in Manhattan late on Friday night that the lawsuit was being voluntarily dismissed. Lawyers for Allen and Amazon did not immediately respond on Saturday to requests for comment....