U.S. stocks rose on Friday as moderate jobs growth in September offered some relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the United States was sliding into a recession.
Thomson Reuters Corp said on Friday it had acquired events company FC Business Intelligence (FCBI) to tap into the fast growing sector and help further promote its Reuters News brand.
Scott Brown, chief economist at Raymond James, says there were positives and negatives in the September jobs report. He spoke with Yahoo Finance’s Alexis Christoforous and Brian Sozzi. …read more […]
EU antitrust regulators will this month order U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers while they investigate whether this and other tactics hamper rivals, a person familiar with the matter said on Friday.
FBI Director Christopher Wray said Friday that Facebook’s proposed move to encrypt its popular messaging program would turn the platform into a “dream come true for predators and child pornographers.”
Oil prices rose on Friday, although remained on track for a second consecutive weekly loss, as an increase in U.S. jobs eased financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.
White House economic adviser Larry Kudlow said on Friday that the U.S. team was “open-minded” about the outcome of U.S.-China trade talks next week, which will include deputy-level meetings on Monday and Tuesday, with minister-level meetings Thursday and Friday.
(Bloomberg) — Sarepta Therapeutics Inc.’s bulls may get some validation after the company’s experimental gene therapy for a rare type of muscular dystrophy improved physical fitness in a trio of patients.Updated data for the experimental compound showed patients with an inherited form of Limb-girdle muscular dystrophy reaped functional benefits in several areas after receiving SRP-9003, with a pair of teenagers posting gains in their ability to move when they typically would have experienced declines. Analysts had stressed that promising results could help the company shake-off a recent rout that wiped out $6 billion in market value as questions about the …read more […]
The September Jobs Report was released this morning, showing 136,000 jobs added, and a 2.9% rise in average hourly wages year-over-year. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre are joined by David Nelson, Belpointe Asset Management Chief Strategist, and Michelle Meyer, Chief U.S. Economist at Bank of America Merrill Lynch, to discuss. …read more […]
Canadian oil and gas producer Husky Energy said on Friday it would sell its Prince George Refinery to Tidewater Midstream and Infrastructure for C$215 million ($161.59 million) in cash. Husky said in early January that it was exploring options for some of its non-core and downstream assets, including the Prince George Refinery, to increase focus on its core assets in atlantic Canada and the Asia Pacific region. The Prince George Refinery has a capacity of 12,000 barrel-per day and supplies refined products to retail outlets in the central and northern regions of British Columbia. …read more […]
If you want to know who really controls American Electric Power Company, Inc. (NYSE:AEP), then you’ll have to look at… …read more […]
U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, assuaging financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.
White House Trade Adviser Peter Navarro said in a television interview on Friday the low U.S. unemployment rate and steady job growth should not deter the Federal Reserve from lowering interest rates.
Samsung Group heir Jay Y. Lee will not seek an extension to his term as director of the board of Samsung Electronics, the Korea Economic Daily newspaper reported on Friday.
I’ve been keeping an eye on KLA Corporation (NASDAQ:KLAC) because I’m attracted to its fundamentals. Looking at the… …read more […]
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