BMW’s association of independent German car dealerships advised its members to sign new long-term contracts with the carmaker before a deadline at the end of the month to avoid disruptions to the sale of cars and spare parts.
The cost to insure debt holdings in electric carmaker Tesla Inc , whose chief executive has been accused of fraud by federal regulators, rose to its highest-ever level on Friday as the bond market reflected growing worries about a default.
Shares of Tesla Inc plunged up to 13 percent on Friday as investors worried about the future of Chairman and Chief Executive Elon Musk at the electric carmaker after U.S. securities regulators accused him of fraud.
Intel and other chipmakers helped U.S. stocks overturn losses and move higher in late morning trading on Friday, while gains in energy and healthcare stocks also boosted the market.
U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month.
With growth in many European, Asian and emerging markets mostly uninspiring, the United States is increasingly the main motor behind the global economy.
The text of the Trump administration’s trade agreement with Mexico is due to be released on Friday, launching a contentious approval process as pressure mounts on Canada to sign a revamping of the trilateral NAFTA pact.
EU antitrust regulators will decide by Nov. 6 whether to allow Japanese drugmaker Takeda Pharmaceutical’s $62-billion takeover of London-listed Shire Plc , the European Commission said on Friday.
Bank of America is placing trading restrictions on penny stocks as part of a policy change aimed at shielding clients from risky assets, the Wall Street bank said on Friday.
Tesla’s 5-year credit default swap hit its highest price ever on Friday, the morning after it was announced that the Securities and Exchange Commission was suing the company’s Chief Executive Elon Musk and pushing for his ouster.
The U.S. listed equity options market is set for a record volume in 2018 due mainly to a resurgence in stock market gyrations after a couple of unusually quiet years, data from derivatives clearing organization OCC showed on Friday.
The dollar climbed to a two-week peak versus a basket of currencies on Friday, boosted by gains against the euro amid concerns about the Italian budget and a U.S. interest rate outlook that reflects multiple rate hikes until 2020.
Hundreds of Russians braved the cold and rain to queue for days outside a Moscow phone store ahead of the release of the new Apple iPhones on Friday, but when the doors opened none stepped in to buy.
Wall Street declined on Friday, the last trading day of the third quarter, weighed by shares of U.S. lenders as Italy’s budget worries roiled financial markets and trade concerns hurt sentiment.
Volkswagen’s supervisory board on Friday deferred a decision on the future of Rupert Stadler, the suspended chief executive of its premium brand Audi , a person familiar with the matter said.
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