Bonds & Stocks
Wall Street is ending the week on a relatively quiet note, with stocks rising as traders parse the latest corporate results. Bonds edged lower. The dollar halted a five-day slide. A US move to put tariffs on imports of gold bars unleashed turmoil in the bullion market.
Economy
Trump said Thursday he will nominate Stephen Miran, chair of the White House Council of Economic Advisers, for a seat on the Fed’s Board of Governors that expires in January. President Donald Trump’s move to fill a slot at the Federal Reserve on a temporary basis offers him a chance to install an ally at the central bank.
World
Indian Prime Minister Narendra Modi talked trade with his Brazilian counterpart and is expected to head to China for the first time in seven years in August, against the backdrop of worsening ties with the US.