Treasury yields on Friday afternoon rose modestly as bond investors speculated whether the dramatic fall in July jobs numbers reported earlier in the day could spur Congress to agree on a second major coronavirus stimulus bill.
* U.S. economy added 1.76 mln jobs in July - report. * Congress to continue talks on coronavirus relief bill. * Trump moves to ban WeChat, TikTok, amps up friction with Beijing. * Dow down 0.27%, S&P 500 down 0.37%, Nasdaq down 1.26% By Chuck Mikolajczak.
KE Holdings Inc: * KE HOLDINGS INC SEES U.S. IPO OF UP TO 106 MILLION ADSS PRICED TO BE BETWEEN $17 AND $19 PER ADS - SEC FILING. * KE HOLDINGS INC SAYS TENCENT INDICATED INTEREST IN SUBSCRIBING FOR AT LEAST $200 MILLION OF ADSS AT IPO PRICE. * KE HOLDINGS INC SAYS HILLHOUSE INDICATED INTEREST IN SUBSCRIBING FOR AT LEAST $100 MILLION OF ADSS AT IPO PRICE.
* U.S. economy added 1.76 mln jobs in July - report. * Congress to continue talks on coronavirus relief bill. * Trump moves to ban WeChat, TikTok, amps up friction with Beijing. * Indexes off: Dow 0.34%, S&P 0.34%, Nasdaq 1.16% By Sagarika Jaisinghani and Ambar Warrick.
The electric vehicle industry must pay more for lithium in order to spur investment and prevent future supply crunches of the battery metal, the chief executive of lithium producer Livent Corp (LTHM) said on Friday. Demand for EVs is expected to surge in coming years, spurred in part by government mandates, rising concern about climate change and other factors.
U.S. energy firms cut the number of oil and natural gas rigs this week to a record low for a 14th week even as higher oil prices prompt some producers to start drilling again. That was 687 rigs, or 74%, below this time last year. U.S. oil rigs fell by four to 176 this week, their lowest since July 2005, while gas rigs held steady at 69, according to Baker Hughes (BKR) data.
Federal Aviation Administration safety employees reported facing "strong" external pressure from industry and raised alarms the agency does not always prioritize air safety, according to an independent survey seen by Reuters on Friday.
* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Herbert Lash. The dollar bounced off two-year lows and a gauge of global equity markets halted a march toward a record high on Friday as slightly better-than-expected data on U.S. job growth in July also snapped big rallies in gold and the euro.
- A key Federal Reserve official told a congressional watchdog on Friday that participation in a $600 billion loan program meant to carry small and medium-sized firms through the coronavirus crisis would expand rapidly if the pandemic or economy worsened.
A key Federal Reserve official told a congressional watchdog on Friday that participation in a $600 billion loan program meant to carry small and medium-sized firms through the coronavirus crisis would expand rapidly if the pandemic or economy worsened.
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