U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.
The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.
Tesla is set to post its Q4 earnings next week, and many have high expectations for the company and Elon Musk. Yahoo Finance’s Dan Roberts and Seana Smith discuss with Wedbush Equity Analyst Dan Ives. …read more […]
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, outweighed the impact of cuts to supply.
Wuhan in central China is the size of London. But these days, flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that had by Friday killed 26 people and infected hundreds globally. That’s actually reassuring when compared to the secretive handling of the 2003 SARS epidemic. And the World Health Organisation says while this is “an emergency in China”, it’s not of international concern yet
Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China.
Italy’s competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group’s treatment of user data.
The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.
Last year was volatile for the stock markets, but overall growth was strong. Stocks have hit record highs – the S&P 500 gained 28% for 2019, and has started 2020 with continued growth. The broad-based gains have investors feeling good – but a look ahead has them nervous.Wall Street’s analysts don’t see the record-breaking growth run lasting much longer. In fact, the consensus among the top financial investment firms is that markets will gain a paltry 2% over the next twelve months. For investors who have grown used to reaping rewards from share appreciation, this is an unwelcome wake-up call. …read more […]
To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.
Intel Corp’s shares rose 5% on Friday after demand from data centers fired up the chipmaker’s cloud business and allayed concerns of market share loss to rival AMD , lifting shares across the sector.
At the World Economic Forum in Davos, Switzerland, Treasury Secretary Steven Mnuchin took on climate change, and brushed off big concerns about sustainability. Yahoo Finance’s Seana Smith, Dan Roberts, and Brian Cheung break down the details. …read more […]
Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company’s global general counsel, reporting to president Alex Zhu.
JPMorgan Chase & Co has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the corporate and investment bank (CIB), according to a memo seen by Reuters.
Let’s talk about the popular Marvell Technology Group Ltd. (NASDAQ:MRVL). The company’s shares led the NASDAQGS… …read more […]
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