U.S. consumer spending barely rose in January and income increased modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth quarter.
Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to lift the struggling housing market.
Activist hedge fund Starboard Value LP said on Friday it will no longer urge shareholders to oppose Bristol-Myers Squibb Co’s plans to buy Celgene Corp, even though it thinks the deal is too risky and will vote its own shares against it.
Wells Fargo & Co’s plans to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said.
TUI remains committed to its Boeing 737 MAX orders despite two fatal crashes that have led to the grounding of the plane worldwide and caused the Anglo-German tour operator to issue a profit warning on Friday.
Wall Street will be watching next week’s economic data with a laser focus after a dismal February jobs report and recessionary warning signals from U.S. Treasury yields.
Lyft Inc Chairman Sean Aggarwal said on Friday the ride-hailing company will continue to prioritize North America growth over international expansion after completing its initial public offering (IPO).
Lyft Inc shares on Friday opened up 21.2 percent at $87.24 in its market debut on the Nasdaq after the company was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup.
Lyft Inc shares on Friday were seen opening 19.4 percent higher at $86.00 in its market debut on the Nasdaq, after the company was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup.
U.S. stocks rose on Friday, with the S&P 500 set to post its best quarterly performance in more than nine years, boosted by optimism over the latest round of trade negotiations between the United States and China.
Stock markets around the world moved higher on Friday following signs of progress in U.S.-China trade talks, while improved risk sentiment helped lift benchmark U.S. yields as demand decreased for safe-haven bonds.
The United States and China said they made progress in trade talks that concluded on Friday in Beijing that Washington called “candid and constructive” as the world’s two largest economies try to resolve a bitter, nearly nine-month trade war.
Proxy advisory firms Institutional Shareholder Services and Glass Lewis on Friday said shareholders of Bristol-Myers Squibb Co should vote in favor of the drugmaker’s proposed $74 billion takeover of rival Celgene Corp., which has been opposed by one of its largest investors and an activist hedge fund.
Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.
Anglo-German tour operator TUI said it has no intention of scaling back orders for Boeing’s 737 MAX planes after two fatal crashes, and expects them to be flying again by mid-July based on feedback from the U.S. planemaker and EU regulator.
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