U.S. government debt prices fell on Friday as investors become less worried over the stability of the U.S. administration. Trump last week fired Comey, who was investigating the Trump campaign’s ties to Russia. Flynn has been at the heart of the investigation into the Trump campaign. The news pushed yields lower as investors sought out safety, but those worries eased Thursday and Friday. Nevertheless, yields held near one-month lows reached earlier this week.

While gains were spread across sectors, autos were among the top performers on Friday as embattled Italian carmaker, Fiat Chrysler, rebounded from the previous session. Europe’s food and beverages sector also pushed higher on news of an incoming CEO at Swiss food business firm, Aryzta. The Spanish lender Banco Popular hit the top of the European markets, up by 9 percent. On Wall Street, equities traded higher as traders hoped that concerns around Donald Trump’s presidency may have been exaggerat

U.S. equities closed higher on Friday as concerns about Donald Trump’s presidency recede for the time being. The Dow Jones industrial average rose about 140 points, with Boeing and Caterpillar contributing the most gains. That’s why we’re seeing a bit of a relief rally,” said James Smigiel, managing director at SEI. Stocks suffered their biggest pullback of the year earlier this week after news that former FBI Director James Comey put together a memo on a conversation with Trump. In this convers

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY-Stock futures are higher after Thursday’s modest rally. -Bitcoin broke another record today, now trading at new highs at the $1,900 level.

Investors should buy shares of Palo Alto Networks because the company’s sales growth will improve later this year, according to Jefferies, which raised its rating on the cybersecurity technology company to buy from hold. The company’s shares have fallen 9 percent this year through Thursday compared with the S&P 500’s 6 percent return. Palo Alto Networks reported weaker-than-expected fiscal second-quarter results on Feb. 28. “We believe customers likely delayed purchases of new appliances in anti

JPMorgan shared its top current stock picks going into the firm’s technology conference next week. The bank will have more than 200 companies presenting at its annual technology, media and telecom conference on May 22 to 24. “Next week we are hosting the 45th annual JPMorgan TMT conference in Boston,” analyst Sterling Auty wrote in a note to clients Thursday. “We would like to highlight a few that we think investors should pay close attention to as we believe they represent attractive near-term

Deere on Friday expressed cautious optimism about the agricultural outlook for its South American business despite an emerging political crisis in Brazil that puts recovery of the country’s farm sector at risk. Deere still is forecasting down sales in the current fiscal year from its North American ag business but said it is seeing signs of “stabilizing.” As for South America, Deere said during its earnings call that prior to the recent political uncertainty in Brazil it was seeing the farm mach

The company’s newest partnership, announced Friday, is with Thermo Fisher Life Sciences for medical refrigeration. Atti touted it as being an equally “audacious” counterpart to his operation. “Here you have a partner who’s made a significant commitment to sustainability, but also innovation, using our solid-state technology with a combination of performance features either not believed possible with a semiconductor not available with the incumbent technology,” Atti said. “You won’t find anything

U.S. Treasury yields are hovering near one-month lows and a significant move lower may trigger a correction in equities, analysts at JPMorgan said. The reflation trade centers around stocks that benefit from higher inflation and yields, including financials. The Financials Select Sector SPDR Fund ETF (XLF), which tracks the S&P financials sector, has been a stalwart since Trump’s victory, rising more than 17 percent since Nov. 8. XLF since US electionSource: FactSetBut the reflation trade has be

The refurbished platform allows Foursquare, No. There’s different WiFis that are available on the tenth floor than the third floor, GPS signals, Bluetooth beacons. “But in the process of checking in at 100 million places, they’ve mapped the world for us. “It allows us to make technology that lets you tag a tweet on Twitter from where you’re standing. Uber drivers, if you use that app, they’re using our database of the world’s places kept fresh by people checking in and a million different people

Tesla can break even, or perhaps turn a profit, on its Model 3 sedan, if enough of its customers spend a few extra thousand dollars on options, according to a new report from UBS. Analysts from UBS’s Global Automobiles practice estimate that Tesla will incur an EBIT (earnings before interest and taxation) loss of $2,800 per Model 3 sold at its base price of $35,000 but the company will break even if it can achieve an average sale price of $41,000 — a level UBS thinks will most likely be exceeded

President Donald Trump’s visit to Saudi Arabia could be a boost for the big ambitions of Saudi Arabia’s young deputy crown prince, who is trying to steer the kingdom’s fortunes away from oil. Trump’s support in the White House statement for it when MBS was in D.C. were helpful to MBS. Such support also helps MBS in his ambition to be the new face of Saudi Arabia. Trump also visits Saudi Arabia just ahead of Thursday’s OPEC meeting where the kingdom will lead the cartel in a decision on extending

Their filings said Trump is using decisions that could affect health insurance for millions of people “as little more than political bargaining chips,” according to their court filing. On Monday, the Trump administration is scheduled to tell the U.S. Court of Appeals for the District of Columbia how, or if, it will resolve the House’s lawsuit. A staunch critic of Obamacare, Trump could order an end to the payments even as that appeal, now being handled by his administration, remains pending. Sil

That was the driving message of Infrastructure Week, an annual series of events dedicated to improving our crumbling system that took place this week. Indeed, the debate over what an infrastructure modernization package should look like is now heating up in Washington. It will also be necessary to find a long-term sustainable funding source, particularly for federal highway and transit projects. And the longer we wait, the harder the decisions will be and the more the projects will cost. Comment

A current White House official has been identified as a person of interest by law enforcement investigating possible collusion between Russia and Donald Trump’s presidential campaign, NBC News confirmed, citing two U.S. officials. The Washington Post first reported the news. The person in question is a senior advisor in the White House and is close to the president, the Post reported, citing people familiar with the matter. White House spokesman Sean Spicer said in a statement, “As the President

Fresh political uproar has made talk of Trump’s impeachment or resignation more serious, albeit still small at this stage. In contrast, in the 1990s the S&P 500 was climbing to fresh records and the U.S. economy was growing well over 4 percent. In just over a month, from July 17 of that year to August 31, the S&P 500 fell 19.4 percent, Stovall said. The S&P 500 recovered its entire decline and set a fresh all-time high on Nov. 28, 1998, a few months ahead of the Senate acquitting Clinton in Febr

Trade ministers huddling on the sidelines of the Asia-Pacific Economic Cooperation talks in Hanoi, Vietnam, are faced with some tough challenges in resurrecting the TPP trade deal since U.S. President Donald Trump ditched it. Both nations have ratified the trade agreement, and English said both countries “can and will” take a leading role in getting the trade pact back on track. Though Japan appears to want to take point on the TPP, Tokyo will have to tread carefully given the delicate political

In an Oval Office meeting last week, President Donald Trump reportedly told Russian diplomats that ex-FBI Director James Comey is a “nut job” and that firing him relieved “great pressure,” according to The New York Times. He was crazy, a real nut job,” Trump reportedly said. “I faced great pressure because of Russia. The White House also did not dispute it when asked subsequently by NBC News. The White House spokesman said in a statement to CNBC that Comey “created unnecessary pressure on our ab

The Fed will be a top priority on Wall Street in the week ahead, as markets also watch for any new fallout from the Trump campaign investigation. There are a handful of Fed speakers, and their words will be more important after St. Louis Fed President James Bullard Friday said the Fed’s interest rate hiking plans may be too aggressive. The minutes from the Fed’s May 3 meeting will be released Wednesday, but market developments, some softer data, and new uncertainty around the investigation into

The Senate Intelligence Committee said ousted FBI Director James Comey has agreed to testify in an open session. The committee said in a late Friday statement that it plans to schedule the hearing for after Memorial Day. The Senate Intelligence Committee is investigating Russia’s alleged meddling in the 2016 election and any possible links between Moscow and the Trump campaign. Sen. Mark Warner, vice chairman of the committee, said he expects the former FBI director to “shed light on issues crit