U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019.
The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail companies, after weak results from Nvidia and Nordstrom.
Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied.
Airbus and France’s Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter.
The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider’s options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term.
The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.
U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, becoming the first U.S. airline to operate the next-generation of Airbus aircraft and giving a boost to the slow-selling European model.
Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs of support for the company from one regulator.
U.S. carrier Delta Air Lines said on Friday it deferred delivery of 10 Airbus A350 jets and ordered 10 of the cheaper A330neo long-haul models to become the first U.S. airline to operate the next-generation of Airbus aircraft.
Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), according to the electric carmaker’s China website https://www.tesla.cn/model3/reserve.
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters.
Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together.
The S&P 500 edged lower on Friday as chip stocks tumbled after weak forecasts from Nvidia and Applied Materials, but a recovery in oil prices for a third day lifted energy stocks.
Tesla Inc has started taking orders for its Model 3 sedan in China, the electric carmaker’s China website said, adding that booking a Model 3 required a deposit of 8,000 yuan ($1,153.60).
U.S. carrier Delta Air Lines said on Friday it has deferred delivery of 10 Airbus A350 jets as it orders 10 of the cheaper A330neo long-haul models, confirming a Reuters report.
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