Oil prices fell nearly 1 percent on Friday as global supply increased and investors worried that oil demand growth could slow, with U.S. crude notching its longest stretch of daily declines since 1984.
White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them “unregistered foreign agents” who were trying to pressure President Donald Trump into a deal.
Stocks around the globe were closing in on their biggest drop in two weeks as soft Chinese data hit demand for risky assets while oil prices weakened again on Friday.
The S&P 500 fell steadily on Friday and deepened its losses as the day wore on with shares of large technology, industrial and material companies taking a hit after weak Chinese data and a slide in oil prices raised concerns about global growth.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
A U.S. federal judge in Montana halted construction of TransCanada Corp’s Keystone XL oil pipeline on Thursday, saying a U.S. environmental analysis “fell short of a ‘hard look'” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources.
Shares of General Electric Co tumbled on Friday after a JP Morgan analyst slashed his target price on the stock to a lowly $6, dealing a fresh blow to the U.S. industrial conglomerate’s flagging share price.
The S&P 500 fell more than 1 percent on Friday, with shares of large technology, industrial and material companies taking a hit as weak Chinese data and a slide in oil prices raised concerns about global growth.
Oil prices fell about 1 percent on Friday as global supply increased and investors worried that fuel demand could slow, putting U.S. crude on track for the longest stretch of daily declines since 1984.
U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.
Microsoft Corp said in a filing late Thursday that it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub.
SoftBank’s Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs and Mizuho to work on the deal, a presentation seen by Reuters said.
Japanese drugmaker Takeda Pharmaceutical is set to win conditional EU antitrust approval for its $62-billion bid for London’s Shire, the biggest ever overseas acquisition by a Japanese company, two people familiar with the matter said on Friday.
General Electric Co said on Friday that it has “sound liquidity” after a JPMorgan analyst slashed his stock price target, sending shares down 9 percent.
A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing a sharp rebuke on Friday from President Donald Trump.
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