Bloomberg The US and China are arranging the formal signing of the first phase of a broader trade deal between the world’s two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping. “Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchases …

Bloomberg Oil erased almost an entire week of advances as chart-watching traders tested a key price barrier. Futures in New York fell 1.2%, a day after closing at a three-month high. Selling accelerated after a foray above $61 a barrel petered out, a bearish technical signal. The next key threshold is at the $60 level, traders said. On the fundamental …

Bloomberg Information on 267 million Facebook users, including user names, phone numbers and Facebook IDs, was exposed online, according to a cybersecurity researcher. The data, mostly from US Facebook users, was posted on a searchable database by a group that appeared to be based in Vietnam, said Bob Diachenko, the cyber threat intelligence director at Security Discovery, a Ukrainian cybersecurity …