Deutsche Bank on Friday scored among the ten worst banks in the latest round of European stress tests, yet another sign of weakness at Germany’s largest lender.
Tesla booked $189.5 million in automotive regulatory credits in its third quarter which helped contribute to profitability, the company said in a quarterly filing on Friday.
Since the mid-2000s, North Dakota farmer Paul Thomas has planted more of his land with soybeans as China’s demand for the oilseed grew. The shift culminated this year when Thomas planted 1,600 of his 5,000 acres with soybeans, the most ever.
Michael Milken
U.S. stocks fell for the first time in four days on Friday after White House economic adviser Larry Kudlow deflated optimism over Sino-U.S. trade talks and as Apple dragged technology stocks lower following a disappointing forecast.
U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.
The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.
Volkswagen boss Herbert Diess will outline a 10-year plan on Nov. 16 to slash research costs by working with rivals, a step which would sideline Audi as the group’s leading development center.
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it reimposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities.
U.S. oil and natural gas producer Chevron Corp on Friday reported that its quarterly profit doubled on record oil and gas production, sending its shares up as much as 5 percent.
Shares in Apple Inc fell 6 percent on Friday, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figures.
New economic forecasts from the European Commission and services PMIs will help clarify the outlook for the euro zone economy after third-quarter growth disappointed, while mid-term elections and a Federal Reserve meeting top the U.S. agenda.
Nearly 40 years after the 1979 Islamic revolution saw the exit of Western oil companies from Iran, the Iranian oil sector faces yet another costly disruption after a series of interruptions from war, sanctions and diplomatic isolation.
U.S stocks gave up early gains to trade lower on Friday, after Apple’s disappointing forecast added to fears of slowing corporate growth, outweighing a boost from healthy economic data and trade optimism.
Alphabet Inc’s Google unit said on Friday that its Washington office chief, who also heads Americas policy, is stepping down as the company faces criticism on issues including how it protects users’ privacy and its investment plans in China.
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