Wall Street declined on Friday, the last trading day of the third quarter, weighed by shares of U.S. lenders as Italy’s budget worries roiled financial markets and trade concerns hurt sentiment.
Volkswagen’s supervisory board on Friday deferred a decision on the future of Rupert Stadler, the suspended chief executive of its premium brand Audi , a person familiar with the matter said.
Thyssenkrupp still has a long road ahead of it trying to raise margins and profits in its mediocre business divisions, investors and analysts said, adding a landmark move to split itself in two needed to be followed by changes to strategy.
The Pentagon and Lockheed Martin announced a $11.5 billion deal for 141 F-35 fighter jets, the biggest batch yet, lowering the price for the most common version of the stealthy jet by 5.4 percent to $89.2 million each, the Pentagon said on Friday.
Bank of America recently told its clients it was restricting the sale of stocks of tiny and unknown companies that trade over-the-counter for less than $5 each, CNBC reported on Friday, citing people with direct knowledge of the matter.
Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some deals.
Tesla Inc Chief Executive Officer Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported on Friday, citing sources.
U.S. stocks opened lower on Friday, the last trading day of the third quarter, weighed by bank stocks as Italy’s budget worries roiled financial markets and trade concerns hurt sentiment.
Shares of Tesla Inc dived 13 percent on Friday as Wall Street worried a lawsuit from U.S regulators could force Chief Executive Elon Musk to step down and make it difficult for the loss-making carmaker to raise more capital.
Tesla Inc’s Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported on Friday, citing sources.
Wall Street and oil were the big financial market winners in the third quarter of 2018, while trade tensions, emerging market crises and central bank policy tightening tipped several other assets into bear markets.
U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month.
The Trump administration is expected to release the text of its trade agreement with Mexico as early as Friday, launching a contentious congressional approval process as it tries to coax Canada into a revamped North American Free Trade Agreement.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Airbus is moving swiftly toward appointing planemaking head Guillaume Faury as its next chief executive after accelerating the search for a successor to outgoing Tom Enders to address a growing leadership vacuum, people familiar with the matter said.
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