Business News
Equities markets limp to finish line after volatile week
Global investors gravitated toward safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks.
Year: 2018
Business News
Wall Street rally pauses, but stocks mint weekly gain
The S&P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide.
Business News
Dick’s Sporting Goods to end U.S. Olympic sponsorship
Sporting goods retailer Dick’s Sporting Goods Inc said on Friday it will not renew its United States Olympic Committee (USOC) sponsorship beyond 2018.
Business News
Trade wars cost U.S., China billions of dollars each in 2018
The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture.
Business News
Wall Street pushes higher in bid to extend rally
U.S. stocks pushed higher in a choppy session on Friday following a wild week of trading that has seen equities rebound from a prolonged slide.
Business News
Oil prices steady near year-and-a-half lows ahead of New Year
Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in U.S. equity markets but pressured by worries about a global glut of crude.
Business News
Wall Street fights to extend two-day rally
U.S. stocks flitted between gains and losses on Friday, struggling to extend their rally to a third straight day and cap a week that is on pace to snap a three-week losing streak.
Business News
U.S. retirees try to keep cool as stocks tumble
Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of anxiety over the biggest December stock market rout since Herbert Hoover was president.
Business News
Dell returns to market with NYSE listing
Dell Technologies Inc returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008.
Business News
Wells Fargo to pay $575 million in settlement with U.S. states
Wells Fargo & Co will pay $575 million to settle claims made by U.S. states that the bank created phony accounts and other customer abuses, according to a statement by the Iowa attorney general’s office.
Business News
World stock markets struggle to finish strong after wild week
Investors gravitated to safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in U.S. stocks.
Business News
Oil prices steady near year-and-a-half lows after profit-taking
Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of the New Year holiday and pressured by concerns of oversupply and faltering global economic growth.
Business News
Exclusive: Wells Fargo to pay at least $500 million in settlement with U.S. states
Wells Fargo & Co will pay at least $500 million to settle claims made by U.S. states that the bank created phony accounts and other customer abuses, said a source familiar with a deal due to be announced on Friday.
Business News
Citi cuts Q1 iPhone production estimates on weak demand
Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.
Business News
Wall St.’s two-day rally fades on tech, oil weakness
U.S. stocks were struggling on Friday to extend their rally to a third straight day, weighed down by a drop in the energy and technology sectors at the end of a week that has seen the market swing wildly.