After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters.
Asian stocks rose across the board on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
Shares of India’s Sun Pharmaceutical Industries Ltd slumped over 13 percent on Friday to near six-year low, after a media report of a complaint by a whistleblower raised fresh concerns on the drugmaker’s corporate governance.
Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp , the companies said on Friday.
Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
MGM Resorts International has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino operator.
Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.
Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.
Netflix Inc reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world’s largest streaming service down 4 percent in after-hours trading.
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
American Express Co missed Wall Street’s fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season.
Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effect from hedge fund investor Firefly Value Partners.
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
Shares of Netflix up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell
** Netflix’s shares down 4.5 pct at $337.46 in extended trading – if losses hold on Friday, stock set for its biggest 1-day fall so far this year
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