Major world stock markets sank for a second straight day on Friday after strong U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose again to multi-year highs.
U.S. stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.
California startup Bird said on Friday it has launched its electric scooters in Mexico City, in a key global expansion, as the company seeks to shake up urban transportation.
Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both benchmarks marked weekly gains ahead of U.S. sanctions on Iranian oil exports.
Hedge fund manager David Einhorn lambasted Tesla Inc and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse.
Stock markets dipped around the world on Friday after U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose to multi-year highs.
Shares of Tesla Inc fell 7 percent on Friday after David Einhorn’s hedge fund Greenlight Capital slammed the electric carmaker, adding to losses sparked by CEO Elon Musk mocking the U.S. Securities and Exchange Commission on Twitter.
Chipotle (NYSE: CMG) Interview with CEO, Brian Niccol
S&P 500 companies will increase cash spending by 13 percent to $3 trillion in 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs.
Fidelity Investments said on Friday that its asset management chief, Charles Morrison, is leaving the company and that it plans to name a replacement in “the near term.”
Shares of Tesla Inc fell 7 percent on Friday after Chief Executive Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter and David Einhorn’s Greenlight Capital slammed the electric carmaker in its quarterly letter.
Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more, Bloomberg reported on Friday.
David Einhorn, the hedge fund manager known for his prescient call about Lehman Brothers’ accounting troubles, lambasted Tesla Inc and Elon Musk on Friday, saying the carmaker’s woes resemble those of the global financial services firm before its collapse.
U.S. stocks tumbled on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.
Crude futures rose on Friday as U.S. unemployment data eased concerns about demand in the world’s top oil consumer, with both benchmarks set for a weekly gain ahead of U.S. sanctions on Iranian oil exports.
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