Month: March 2019

Wells Fargo & Co’s board started its official search for a new chief executive officer on Friday after announcing the abrupt departure of CEO Tim Sloan a day earlier.

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U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana.

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President Donald Trump said on Friday that the U.S. Federal Reserve had made a mistake in raising interest rates and blamed the central bank for hurting the U.S. economy and stock markets.

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German carmaker Daimler has complained to EU antitrust regulators about Nokia patents essential to car communications, a move underlining the tensions between tech companies and the car industry on the use of key technologies.

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Honda Motor Co said on Friday it had confirmed a 16th U.S. death has been tied to a faulty Takata air bag inflator.

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U.S. stocks ended the final trading day of the first quarter on a strong note on Friday and the S&P 500 posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China.

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Stock markets around the world moved higher on Friday following signs of progress in U.S.-China trade talks, while the British pound fell after lawmakers rejected Prime Minister Theresa May’s Brexit agreement for the third time.

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Apple Inc on Friday said it is canceling the AirPower wireless charging mat that the company announced in 2017 on the same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.

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The United States and China said they made progress in trade talks that concluded on Friday in Beijing, with Washington calling them candid and constructive, as the world’s two largest economies try to resolve a bitter, nearly nine-month trade war.

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U.S. President Donald Trump is considering imposing sanctions on companies from other countries that do business with Venezuela to cut off revenues to President Nicolas Maduro, Trump’s national security adviser John Bolton told Reuters TV on Friday.

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Lyft Inc’s initial public offering on Thursday marked the latest chapter in the seven-year journey of the U.S. ride-hailing app, from a startup backed by seed funding to a publicly traded company worth more than $27 billion.

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Wells Fargo & Co’s plan to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said.

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Barely a week after the U.S. Federal Reserve called a halt to interest rate hikes, policymakers are now battling a view growing in financial markets, and embraced by the Trump administration, that the Fed will need to cut rates before long.

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U.S. stocks were on track on Friday to end the final trading day of the first quarter on a strong note, boosted by optimism over trade talks between the United States and China.

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