Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.
Wall Street’s major indexes edged higher on Friday in a rebound from the previous session’s losses after upbeat comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.
United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, leading to about 40 or 45 daily canceled flights.
China on Friday accused U.S. officials of lying to the public about their trade war, as rising tensions between the world’s two largest economies kept financial markets in a state of unease.
United Airlines said on Friday it had started a management overhaul at Colombia’s Avianca Holdings, removing top shareholder German Efromovich from controlling the cash-strapped airline.
United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, now through Aug. 3, leading to about 40 or 45 daily canceled flights.
Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.
A South Korean court approved arrest warrants on Saturday for two executives at Samsung Electronics Co Ltd over their alleged roles in a suspected accounting fraud at the biotech arm of Samsung Group.
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, after U.S. President Donald Trump predicted a swift end to the ongoing trade war with China.
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday.
United Airlines said on Friday it is extending its Boeing Co 737 MAX cancellations by a month, now through Aug. 3, leading to about 40 or 45 daily canceled flights.
The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don’t need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday.
Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.
Oil prices were steady on Friday ahead of long U.S. and UK holiday weekends, but were on track for its biggest weekly drop of the year, pressured by rising inventories and concern over an economic slowdown.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
