Bonds & Stocks
Stocks posted small moves at the end of a record-setting week after lackluster results from Intel Corp. and Puma SE. Traders are hitting pause on a rally that took the S&P 500 to its 10th record high in 19 days amid optimism around trade deals and corporate results.
Economy
President Trump’s unprecedented walk-through of the Federal Reserve’s now-controversial building renovation project with Jerome Powell ended with a sign of relief for the central bank chief who’s been under pressure for months to slash interest rates. There’s “no tension” with Powell, Trump said after the Thursday tour. Investors reacted, sending the dollar higher and gold prices lower.
World
Thailand's conflict with Cambodia could "potentially develop into a war", according to Acting Prime Minister Wechayachai. Cambodia's Prime Minister Hun Manet said his country is ready for a ceasefire, but accused Thailand of backing out of a deal brokered by Malaysian Prime Minister Anwar Ibrahim. Thailand has evacuated over 130,000 civilians from conflict zones and reported a death toll of 14, with more than three dozen people injured.