The dollar gained and global equity markets rose on Friday on upbeat U.S. economic data while amicable messages from Chinese President Xi Jinping and U.S. President Donald Trump helped ease recent tensions over the prolonged U.S.-Sino trade war.
The leaders of the United States and China on Friday both underscored their desire to sign an initial trade deal and defuse a 16-month tariff war that has lowered global growth, providing a welcome boost to financial markets.
The S&P 500 and Dow Jones indexes eked out gains on Friday following upbeat trade deal comments from Washington and Beijing, while the Nasdaq was weighed down by a slump in shares of Tesla after the launch of its electric pickup truck.
A group advocating ethical investing will ask backers of tech analytics company Palantir Technologies to push for changes to its business practices, a rare case of coordinated shareholder action against a privately held company.
Boeing Co’s head of corporate communications, Ann Toulouse, elected to step down from her role and would retire next year, the world’s largest planemaker said on Friday. Toulouse, a 30-year company veteran, is the second high-ranking female communications leader to leave the embattled U.S. planemaker as it fights to rebuild trust with airline customers and the flying public after two recent crashes of its 737 MAX killed 346 people in the span of five months. Boeing said it would name her successor in the near future. …read more […]
There’s lots of buzz around Elon Musk’s latest Tesla vehicle, the Cybertruck, but did it meet everyone’s expectations? Yahoo Finance’s Melody Hahm joins from Los Angeles Auto show to share the details. …read more […]
French carmaker PSA remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) and is still aiming to sign a memorandum of understanding (MoU) in December, said a source close to the matter.
More overseas companies investigated by U.S. authorities for national security concerns have abandoned investments in the United States since U.S. President Donald Trump took office, a report showed on Friday.
On Monday, Alex discussed a recent debate of socialism versus capitalism that he attended.
Today, he’s taking a deeper look at some of the socialist arguments and why they’re not valid in today’s market.
In my last column, I reported on a debate I attended in New York City last week where two capitalists squared off against two socialists, including author and academic Richard D. Wolff, a committed Marxist.
It was an Oxford-style debate. And the socialists won.
That surprised me.
Partly because socialism has been an abject failure everywhere it’s been tried – ask any Cuban or Venezuelan – but also because Wolff made …read more […]
Airbnb said on Friday Belinda Johnson will step down as chief operating officer in March and join the home rental company’s board.
The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China’s Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services.
Struggling Macy’s may go into cash preservation mode amid continued sales and profit challenges. …read more […]
In a partial victory for VirnetX, the U.S. Court of Appeals for the Federal Circuit left in place a Texas jury’s finding that Apple iPhones infringed two VirnetX patents relating to secure communications technology. The Texas judge must consider whether to hold a new damages-only trial or to recalculate damages without holding one, the appeals court said. …read more […]
The Liberty Media chairman made a $75 million bet on the company’s success Continue reading… …read more […]
Deutsche Bank has sued two offshore funds that funneled money to Bernard Madoff for 14 years, accusing them of reneging on their agreement to sell more than $1.6 billion of claims in the bankruptcy of the swindler’s firm. According to Deutsche Bank, Kingate wrongfully concluded that the sale was no longer “binding” because too much time had passed and a related agreement had not been signed. …read more […]
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