Articles by admin

Investors gravitated to safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in U.S. stocks.

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Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of the New Year holiday and pressured by concerns of oversupply and faltering global economic growth.

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Wells Fargo & Co will pay at least $500 million to settle claims made by U.S. states that the bank created phony accounts and other customer abuses, said a source familiar with a deal due to be announced on Friday.

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Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.

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U.S. stocks were struggling on Friday to extend their rally to a third straight day, weighed down by a drop in the energy and technology sectors at the end of a week that has seen the market swing wildly.

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Tesla Inc on Friday named two independent board directors, including Oracle Corp co-founder Larry Ellison, to fulfill a September deal that resolved federal charges that arose from Chief Executive Elon Musk’s tweet about taking the electric carmaker private.

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U.S. stocks rose on Friday, with gains in defensive sectors including consumer staples and real estate helping extend a two-day rally, although weakness in technology companies capped gains.

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The Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase & Co HK$12.5 million ($1.60 million) and reprimanded it for breaching anti-money laundering and counter-terrorist financing rules.

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Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said on Friday, the latest sign of weakness in the U.S. housing market.

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Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence that followed Chief Executive Elon Musk’s tweet about taking the electric carmaker private.

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Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks hovered near their lowest levels in more than a year.

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Dell Technologies Inc’s Class C shares opened at $46 in their return to public markets on Friday, after the company bought back shares tied to its interest in software maker VMware earlier in the month.

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Wall Street was set to open slightly higher on Friday, extending a two-day rally amid volatile trading and raising hopes that the recent selloff may have eased for now.

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Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence following Chief Executive Officer Elon Musk’s tweet about taking the electric carmaker private.

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World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets.

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