Business & Finance News
Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm.
Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to “give such an explanation again.”
CBS Corp has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment, the Information reported on Friday, citing four people familiar with the situation.
Oil prices edged lower on Friday, but both benchmarks were on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions.
U.S. stocks struggled for direction after three days of gains on Friday, as investors weighed mixed headlines on trade, with China’s aggressive stance in its trade war with the United States remaining an overhang.
China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course.
Shares of Luckin Coffee Inc surged as much as 52.7% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in China.
Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority.
China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course.
Shares of China’s Luckin Coffee Inc surged 47% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in the Asian country.
The trade war between the United States and China could be a risk to the world economic outlook if it is not resolved, International Monetary Fund Managing Director Christine Lagarde told Reuters on Friday during a visit to Uzbekistan.
The S&P 500 was trading flat but was off session lows on Friday as investors tracked trade headlines after China took a hard stance on its tariff war with the United States.
Global airlines body IATA expects increasing trade tensions and higher costs will mean a cut in 2019 industry profit forecasts.
Automaker General Motors Co’s truck brand GMC said on Friday its 2020 Sierra large pickup trucks will have an adaptive cruise control system, in a push to catch up with its rivals.
New corporate headquarters are springing up across the United States.
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