Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption to Middle East shipments as political tensions rise.
Pinterest Inc’s shares slumped as much as 17% on Friday after the online scrapbook company’s disappointing annual forecast shook investors’ faith in its ability to turn in a profit soon.
U.S. stocks opened lower on Friday, following a three-day run of gains, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China.
AbbVie Inc said on Friday it has halted enrollment of patients in all ongoing studies testing its brain cancer treatment after the drug failed to meet the main goal in a late-stage trial.
Wall Street was set to break a three-day winning streak on Friday, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China.
The head of global airlines lobby IATA warned on Thursday of lower industry forecasts for 2019, triggered by increasing trade tensions and higher costs.
Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion.
Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.
Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for Deere’s equipment.
South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China’s official Xinhua news agency reported on Friday citing a Samsung executive.
Italy’s Deputy Prime Minister and League leader Matteo Salvini said he would hail a takeover bid by Italy’s UniCredit for German rival Commerzbank.
Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain.
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze
Deere & Co on Friday reported a lower-than-expected quarterly profit and cut its full-year outlook, as an escalating trade war between the United States and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere’s equipment.
U.S. stock index futures dipped on Friday, following three consecutive sessions of gains, as trade worries returned after a Chinese newspaper took a hard stance on the tariff dispute between the United States and China.
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