Articles by admin

By David French, Jessica Resnick-Ault and Devika Krishna Kumar

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Mexican and U.S. business leaders on Friday pushed back against President Donald Trump’s threats to close the U.S.-Mexico border and urged him to drop steel tariffs that have hindered the ratification of a trade deal brokered last year.

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California Governor Gavin Newsom on Friday proposed a new fund to pay for wildfire liabilities, while holding the state’s largest utility more accountable for the growing number of blazes in the state.

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U.S. Senator Mark Warner, who co-sponsored legislation this week to ban deceptive practices by social media companies, said on Thursday he was eyeing additional bills aimed at limiting hate speech and allowing users to move their data across platforms.

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Facebook Inc Chief Executive Officer Mark Zuckerberg’s compensation for 2018 more than doubled to $22.6 million, a regulatory filing showed on Friday.

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U.S. Consumer Product Safety Commission said on Friday that toymaker Fisher-Price has voluntarily recalled all its “Rock ‘n Play Sleeper” products after reports of more than 30 infant deaths.

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U.S. stocks closed near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street’s big rally back from last year’s slump.

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Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.

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U.S. stocks closed near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would curb Wall Street’s big rally back from last year’s slump.

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The Federal Aviation Administration met for three hours on Friday with representatives from the three major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and their pilots’ unions to discuss two fatal crashes and the path forward.

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Chevron Corp’s proposed $33-billion deal for Anadarko Petroleum vaults the company into top ranks of the world’s biggest oil companies and cements its chief executive, Mike Wirth, as a dealmaker.

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Global stocks rose on Friday after JP Morgan’s results kicked off the U.S. corporate earnings season in style, while signs of stabilization in China’s economy also helped riskier assets amid talk that the growth outlook worldwide is better than thought.

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California Governor Gavin Newsom released a report on Friday calling for the creation of funds to fight wildfires and proposed that state law should be reformed to reduce liability of utilities, sending PG&E Corp up nearly 12 percent.

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U.S. stocks climbed back to near record highs on Friday after the largest U.S. bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would pour cold water on Wall Street’s big rally back from last year’s slump.

…read more […]

Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.

…read more […]