US stocks boosted by strong consumer data
NEW YORK (AFP) - Wall Street stocks finished higher on Friday (Nov 22), shaving losses for the week following mostly solid retailer earnings and good consumer confidence data.. Read more at straitstimes.com.
"US consumers make up two thirds of the economy so the fact that the consumer spending is so strong, both on Main Street and Wall Street, especially as we head into the holiday season, is significant," he said.
US indices notched records on Monday but were under pressure the last three days amid rising uncertainty over US-China trade talks.
Wall Street rises modestly Among retailers releasing results, Nordstrom shot up 10.6 percent after reporting better-than-expected third-quarter results. It said its new New York flagship store drew 85,000 visits during the first weekend.Read more: The Straits Times
A new museum in New York will unpack the history of makeupNew York is getting a new museum for beauty buffs and history aficionados. 'The Makeup Museum 'is preparing to open its doors in Manhattan's Meatpacking District next May, offering a space dedicated to scrutinizing the role and impact of makeup on society. The flagship will launch with
Trump is an American President China deserves: New York Times columnist Thomas FriedmanSINGAPORE - Mr Donald Trump, who has led the United States into a 20-month-long trade war with China, is the American President that China deserves, says New York Times foreign affairs columnist and best-selling writer Thomas Friedman.. Read more at straitstimes.com.
Henry Kissinger and other former top US officials raise alert over escalating US-China tensionsBEIJING - Both the United States and China are 'in the foothills of a cold war', former US secretary of state Henry Kissinger said on Thursday (Nov 21) at a global forum in Beijing, urging both sides to have political discussions to limit the fallout from any potential conflict.. Read more at straitstimes.com.
US warships sail in disputed South China Sea amid US-China tensionsWASHINGTON (REUTERS) - US Navy warships, on two occasions in the past few days, sailed near islands claimed by China in the South China Sea, US officials told Reuters on Thursday (Nov 21), at a time of tension between the world's two largest economies.. Read more at straitstimes.com.
US-born panda Bei Bei arrives in new China homeBEIJING (AFP) - The US-born giant panda Bei Bei has arrived in southwestern China after a 16-hour flight, with plenty of bamboo for him to munch on as he settled into his new home.. Read more at straitstimes.com.
'Outsourcing' asylum: US sends first Honduran migrant to Guatemala under new planGUATEMALA CITY (REUTERS) - The first foreign asylum-seeker arrived in Guatemala on Thursday (Nov 21) from El Paso, Texas, under a US agreement that establishes it as a so-called safe third country to process people fleeing persecution in their homelands.. Read more at straitstimes.com.