U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.
U.S. shoppers formed long lines at store checkout counters on Black Friday to snap up deep discounts on clothing and electronics, offering evidence that a healthy economy and rising wages are translating into stronger consumer spending at the start of retailers’ make-or-break holiday season.
China’s BYD Co Ltd has put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case, a company executive said.
The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires.
Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street.
Oil prices slumped more than 6 percent on Friday, with Brent set for a 12-percent plunge this week, as fears that supply would overpower demand intensified, even as major producers considered cutting output.
U.S. stocks fell on Friday as oil prices plunged to their lowest in more than a year, dragging down energy shares, while U.S.-China trade talks at the G20 summit next week kept investors on edge in a truncated trading session.
Discontent among Danske Bank customers remains high, although sentiment improved slightly in the last month as the Danish bank moved to address a 200 billion euro ($227 billion) money laundering scandal, figures from Voxmeter show.
United Technologies Corp on Friday received Chinese regulatory approval for its $30 billion purchase of aircraft parts maker Rockwell Collins Inc , clearing the final hurdle to complete the largest aerospace deal in history.
Citigroup Inc and JPMorgan Chase & Co will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark.
A10 Networks Inc , a U.S. technology company whose software and hardware help keep networks and data centers secure, is exploring options that include a potential sale of the company, people familiar with the matter said on Friday.
U.S. stocks fell on Friday as oil prices slipped to their lowest in more than a year, dragging down energy shares, while investors were nervous ahead of U.S.-China trade talks at the G20 summit next week.
British carmaker Vauxhall, which is owned by Peugeot parent company PSA , is to shed 241 jobs from its Ellesmere Port car plant in the latest cuts at the site, deepening union concerns over the future of the factory.
Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even as producers considered cutting output to curb supply.
U.S. stocks fell at open on Friday as energy stocks took a hit from oil prices sliding to their lowest in more than a year, while investors were nervous ahead of U.S.-China trade talks at the G20 summit next week.
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