Global equity markets scaled fresh records in a year-end rally on Friday as upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent bolstered global growth prospects, but the dollar weakened as risk appetite increased.
21 states are set to increase their minimum wage for the new year with workers from Arizona to Vermont set to see an increase. …read more […]
Oil prices rose towards the end of the week, following a bullish crude inventory draw combined with a small draw in distillates …read more […]
Tesla is just days away from rolling out its first Model 3s built in China. The company says deliveries of the cars will start Monday. Fifteen will be delivered to Tesla employees in China, less than a year after construction of the factory in Shanghai began. Yahoo Finance’s Dan Roberts, Heidi Chung and Anjalee Khemlani discuss on YFi AM. …read more […]
Oil prices edged down from three-month highs on Friday as investors’ optimism on economic growth was clouded by the Russian energy minister’s comments downplaying oil output cuts next year.
Wall Street hovered at record highs on Friday, as investors paused after a year-end rally that has been fueled by optimism over a U.S.-China trade truce and an improving global economy.
Seven pharma companies face generic competition for medications that generated high U.S. sales in 2018 Continue reading… …read more […]
U.S. airlines saw their tenth straight year of profits in 2019 — and now airline employees are demanding higher wages. U.S. carriers are set to negotiate labor agreements with over 120,000 unionized workers in 2020, from pilots to catering workers. Yahoo Finance’s Dan Roberts, Heidi Chung and Anjalee Khemlani discuss on YFi AM. …read more […]
From fintech stars to a company that helped treat Ebola, these stocks all returned more than 1,400% in the past decade. …read more […]
Famous investing firm Oakmark is focusing on these 3 energy companies Continue reading… …read more […]
Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.
China’s market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website.
China’s market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website. The decision comes as China steps up regulation over auto sales in the world’s biggest vehicle market, where more than 28 million cars were sold last year. The anti-monopoly bureau of State Administration for Market Regulation said that between 2015 and 2018, the Japanese carmaker set a minimum sales and resale price for its cars in coastal Jiangsu province, which deprived dealers of …read more […]
“Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge going forward,” the central bank said in its bi-annual Financial Stability Report (FSR) released on Dec. 27. State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI said. The country’s shadow banking sector has been struggling since last year after the collapse of IL&FS, a major infrastructure lender. …read more […]
Wall Street opened at another record high, as optimism over U.S.-China trade relations and an improving global economy brightened investor sentiment going into the new year.
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