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Stock market news: December 6, 2019
Stock futures edged up Friday morning ahead of the release of the Labor Department’s November jobs report. …read more […]
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Business News
Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut
The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve’s policy-setting panel as part of its annual membership reshuffle.
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OPEC, allies agree to oil production cuts: Report
OPEC will remove 340,000 barrels a day while non-OPEC producers will cut production by 160,000 barrels, the report said. …read more […]
Business News
Saudi, Russia win over oil producers to deeper cuts
By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin
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How Does NetSol Technologies's (NASDAQ:NTWK) P/E Compare To Its Industry, After The Share Price Drop?
Unfortunately for some shareholders, the NetSol Technologies (NASDAQ:NTWK) share price has dived 30% in the last… …read more […]
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Belgium's UCB says psoriasis drug beats AbbVie's Humira in trial
UCB SA said on Friday its experimental plaque psoriasis drug produced better results compared to AbbVie Inc’s blockbuster drug, Humira, in reducing the severity of the disease. UCB’s drug, bimekizumab, also met the main goal of clearing or almost clearing the skin of plaques or rashes in a late-stage study, as assessed by an investigator, according to the Belgium-based company. AbbVie’s Humira is the world’s top selling drug and treats rheumatoid arthritis and psoriasis. …read more […]
Business News
Futures inch up after Trump comments; November jobs data eyed
U.S. stock index futures edged higher on Friday as comments from President Donald Trump that trade talks with China were “moving right along” helped set a calmer tone ahead of the Labor Department’s much anticipated monthly jobs report.
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Edited Transcript of CMTL earnings conference call or presentation 4-Dec-19 9:30pm GMT
Q1 2020 Comtech Telecommunications Corp Earnings Call …read more […]
Business News
OPEC+ agrees to 500,000 bpd additional cut, to meet in March: sources
OPEC and allied oil producers, the so-called OPEC+, have agreed to deepen their output cuts by 500,000 barrels per day, sources said on Friday.
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U.S. Democratic contender Sanders proposes $150 billion for 'high-speed internet for all'
U.S. Democratic presidential contender Bernie Sanders launched a plan on Friday to provide high-speed broadband for every U.S. household at a cost of $150 billion, pledging to use antitrust powers to take on internet, telecom and cable companies. Sanders, a leading candidate in the crowded field seeking the Democratic nomination to take on Republican President Donald Trump in the November 2020 election, said the funding would go toward infrastructure grants and technical assistance to local governments to build out publicly owned networks. …read more […]
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OPEC+ Agrees to Redistribute Oil Cuts Under Saudi Pressure
(Bloomberg) — OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden.The group, which pumps more than half the world’s oil, agreed in Vienna on Friday to reduce its output target by 500,000 barrels a day, said a delegate, bringing it in line with recent production levels. Saudi Energy Minister Prince Abdulaziz bin Salman gave a clear signal before the meeting that his priority was to get some members to stop cheating and implement the cuts they have promised.“Like religion, if you …read more […]
Business News
H&M’s brand COS to test clothing rentals in China with YCloset
H&M , the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country as environmentally conscious consumers rein in purchases.
Business News
Exclusive: China’s Dongfeng plans partial sale of PSA stake – sources
China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker’s planned merger with Fiat Chrysler .
Business News
China-built Tesla cars secure new energy vehicle subsidies
Tesla Inc said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into the world’s biggest auto market.
Business News
Jurors expected to begin deliberating in Elon Musk defamation trial
Jurors were expected to begin deliberating in Los Angeles on Friday in the lawsuit brought against Elon Musk by a British cave explorer who says the Tesla founder defamed him with tweets suggesting he is a pedophile.