U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.
German luxury carmaker Daimler AG issued its second profit warning in four months on Friday, saying that costs from “government proceedings and measures in various regions” affecting its diesel vehicles were mainly to blame.
U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
Honeywell International Inc said on Friday costs related to trade tariffs could put pressure on margins in 2019.
The European Commission approved on Friday the acquisition of software development tool maker GitHub by software giant Microsoft without conditions saying the purchase would not damage competition in the sector.
Procter & Gamble Co reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.
U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.
Facebook Inc has hired former U.K. Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, making him the most senior European politician ever in a leadership role in Silicon Valley.
Oilfield services provider Schlumberger NV on Friday reported a slight profit beat but said that the pace of growth in North America had slowed due to transportation bottlenecks in the largest U.S. shale basin.
Investors shed Italian bonds on Friday, driving their yields to 4-year highs while the euro fell to a 2-month low as the European Union called Rome’s draft budget an “unprecedented” breach of EU fiscal rules.
Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions.
Facebook Inc has hired former U.K. deputy prime minister Nick Clegg as head of the social network’s global affairs and communications team, the Financial Times reported on Friday.
Procter & Gamble Co reported a surprise rise in first-quarter sales on Friday on strong demand for its beauty products and cleaning supplies, helping it in its fight against competition from cheaper store-branded products.
U.S. stock futures ticked higher on Friday as a handful of major U.S. corporations beat results forecasts, offsetting concerns about political and growth risks in Europe, China and Saudi Arabia that drove a 1 percent fall a day earlier.
Disputes over U.S. President Donald Trump’s trade tariffs and their consequences are being escalated at the World Trade Organization, with 12 requests for adjudication shown on Friday in an agenda for the WTO’s Oct. 29 dispute settlement meeting.
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