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.
A decline in economic activity in the U.S. Midwest, apparent in a little-noticed report on Friday from the Chicago Federal Reserve Bank, adds to evidence of slowing growth in factory-heavy corners of the country key to next year’s U.S. presidential election.
U.S. stocks lost steam in afternoon trading on Friday as investors moved to the sidelines ahead of a long Labor day weekend but the three major indexes were on course to wrap up the week with their biggest gains since June.
China will exempt Tesla Inc’s electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.
The U.S. Federal Reserve’s favored measure of inflation increased last month at the pace expected by Wall Street for the first time this year.
Airbus SE on Friday pulled out of a multibillion-dollar competition to supply Canada with 88 new fighter jets, a decision that boosts the chances of rival Lockheed Martin Corp .
U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on Friday, less than 48 hours before U.S. tariffs kick in on an additional $125 billion in Chinese goods.
Alphabet Inc’s Google will pay in the range of $150 million to $200 million to settle the Federal Trade Commission’s investigation into YouTube’s alleged violation of a certain children’s privacy law, Politico reported on Friday.
Hans Rausing, the billionaire Swedish industrialist who helped turn Tetra Pak into one of the world’s biggest food packaging companies, has died aged 93, his family said in a statement.
Hopes of easing trade tensions between China and the United States 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.
Gains on Wall Street petered out on Friday, with the Nasdaq index turning negative, as an upbeat mood fueled by signs of upcoming U.S.-China trade talks and solid domestic consumer spending data, waned ahead of a long Labor day weekend.
Oil futures fell on Friday, with U.S. crude down nearly 4% 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.
United Airlines Holdings said on Friday it is extending the cancellation of Boeing 737 MAX flights until Dec. 19 as the jets remain grounded worldwide following two fatal crashes in Indonesia and Ethiopia in the past year.
Despite recent investor fears, our current stock market is not a bubble.
Today, Alexander Green explains how the market differs from previous bubbles and what savvy wealth builders should plan for and expect.
The other day I received a letter from a reader who had grown increasingly alarmed about the market.
“The Dow, with dividends reinvested, has more than quadrupled over the last decade,” he wrote. “I’m afraid that when the bubble bursts I will lose not just my gains but the vast majority of what I invested.”
This is scary to contemplate. But then, so is the idea that a monster is living …read more […]
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