Hopes for a thaw in the U.S.-China trade war helped a gauge of global stocks rise on Friday despite a tepid performance on Wall Street, though caution over pending American tariffs on Chinese goods put the yuan on track for its biggest monthly decline in 25 years.
Wall Street ended the week with a lackluster session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of U.S. tariffs on Chinese imports were due to be levied.
Oil futures fell on Friday, with U.S. crude down nearly 3% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of U.S.-China trade rhetoric.
The account of Twitter Inc Chief Executive Jack Dorsey was hacked on Friday afternoon, sending public tweets and retweets including racial slurs and curse words to 4 million followers.
Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin’ Brands Inc , returning for the second time in nearly two years to push for fresh changes after reaching a settlement in 2018.
Wall Street showed mixed results on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of U.S. tariffs on Chinese imports were due to be levied.
General Motors has cut about 350 jobs from its Thai subsidiary’s operations, a labor representative said on Friday, slashing more than 15% of the workforce for the U.S. automaker that has two factories in Thailand.
U.S. stocks were in the red on Friday afternoon as investors were wary after mixed data and ahead of a holiday weekend in which a fresh round of U.S. tariffs on Chinese imports were due to kick in.
Most of a highly toxic chemical stored at a fire-damaged Philadelphia oil refinery has been rendered inert, clearing the way for closer inspections of the site following a June blaze that led to the plant’s closure, officials said on Friday.
Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds.
Hopes for a thaw in the U.S.-China trade war helped a gauge of global stocks edge higher on Friday despite weakness on Wall Street, though caution over pending U.S. tariffs on Chinese goods put the yuan on track for its biggest monthly decline in 25 years.
Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds.
The executive board of the International Monetary Fund will meet for an “informal information session” on Friday to discuss recent events in Argentina, an IMF spokesman said.
The Federal Aviation Administration said on Friday a blue-ribbon panel of experts around the world will need a few more weeks to finish its review into the Boeing 737 MAX certification.
Volkswagen AG must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the Environmental Protection Agency said vehicle software overstated real-world performance.
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