Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales.
U.S. stock futures pointed to a lower open for the major indices ahead of a shortened trading day. Markets are scheduled to close at 1 p.m. ET. …read more […]
As 2019 comes to a close, it’s going to be another banner year for bonds, which have moved higher along with stocks thanks to an uncertain economic backdrop that saw investors pile heavily into bonds, especially during the summer. …read more […]
U.S. stock index futures fell on Friday as trade tensions resurfaced after China rebuked President Donald Trump’s decision to ratify a bill backing protesters in Hong Kong.
(Bloomberg) — BGC Partners Inc. was concerned that a mole within its ranks was leaking information to a rival.So it concocted a plan to spy on two of its brokers by placing pinhole cameras in the ceiling above their trading desks. Then, to confirm the identity of the recipient of the secret data — one of two possible brothers — it had photos taken by “surveillance agents” of a manager outside a pub.The lengths that BGC went to curtail the leaks was laid bare this week in a London court, where the world’s second-biggest interdealer broker is suing the U.K. …read more […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Saudi Aramco sold 1,481,613,280 shares worth 47.4 billion Saudi riyals ($12.64 billion) to retail investors, while institutional orders amounted to 118.86 billion riyals in the first 12 days of the book-building period, lead manager Samba Capital said.
World shares slipped on Friday as a leading index strained for a record high, with investor nerves from Asia to Europe gnawing away over how or when the United States and China can agree a truce in their damaging trade war.
YouGov Poll Gives Johnson 68-Seat Majority to Get Brexit Done Could the end finally be near? Could Brexit actually get done? Is Bigfoot real? The latest YouGov poll suggests that yes, not about Bigfoot, but about Brexit. British Prime Minister Boris Johnson is on track for a majority of about 68 seats, which is more […]The post Market Morning: Brexit Majority, Trump Signs HK Bill, Black Friday Nerves, Apple Mirror Patent appeared first on Market Exclusive. …read more […]
Activists staged protests against online retailer Amazon around France on Friday and tried to blockade a shopping mall in Paris, denouncing the rampant consumerism of the U.S. Black Friday shopping frenzy that has spread to European shores.
(Bloomberg) — For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance, cutting its own output more than agreed to offset over-production from the likes of Iraq and even Russia. Now, Riyadh’s had enough.Prince Abdulaziz bin Salman, who took over from Khalid Al-Falih in September, will likely use his first OPEC meeting as Saudi oil minister next week to signal OPEC’s dominant producer is no longer willing to compensate for other members’ non-compliance, according to people familiar with the kingdom’s thinking. OPEC meets in Vienna on Dec. 5, followed by the larger …read more […]
Top news and what to watch in the markets on Friday, November 29, 2019. …read more […]
U.S. consumers splurged more than $2 billion online in the first hours of Thanksgiving shopping on Thursday, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar stores.
Daimler on Friday announced thousands of job cuts across the globe by the end of 2022 after reaching an agreement on its plans with labor unions.
Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
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