Business & Finance News
Oil prices gained 1.5 percent on Friday as strong U.S. employment data tempered fears about weakening global crude oil demand, and on expectations that an escalating conflict in Libya could tighten oil supplies.
U.S. stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year.
A federal judge in Manhattan on Friday ordered Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission to meet for at least an hour to try to settle the agency’s concerns over the billionaire entrepreneur’s use of Twitter.
A federal judge in Manhattan on Friday rejected Expedia Inc’s request for an injunction that would have required United Airlines to continue providing fare data for flights after Sept. 30, when the companies’ contract ends.
Oil prices climbed more than 1 percent on Friday as strong U.S. employment data tempered fears that global crude demand might weaken, and on expectations that an escalating conflict in Libya could tighten oil supplies.
Global stocks rose to a fresh six-month high on Friday as U.S. labor market data eased concerns about an economic slowdown, while optimism that a trade deal between the United States and China was drawing closer also lifted sentiment.
The World Bank’s executive board unanimously approved David Malpass, the U.S. Treasury Department’s top diplomat, as the bank’s next president, continuing the 73-year tradition of an American leading the development lender.
U.S. employment growth accelerated from a 17-month low in March, assuaging fears of an abrupt slowdown in economic activity, but a moderation in wage gains supported the Federal Reserve’s decision to suspend further interest rate increases this year.
Deutsche Bank said it was open to further restructuring of its U.S. investment bank after Commerzbank executives sought clarity on its plans during merger talks, according to three sources familiar with the matter.
U.S. stocks rose on Friday boosted by better-than-expected job growth in March, which eased concerns of a domestic slowdown, and hopes that the United States and China would resolve their trade dispute.
President Donald Trump said on Friday the U.S. Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down.
Oil prices were up nearly 1 percent on Friday on bullish U.S. employment data that tempered fears about a decline in global crude demand and on expectations that an escalating conflict in Libya could tighten oil supplies.
U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter.
The longest streak of U.S. factory hiring in a quarter century came to an unexpected end last month, and a clouded outlook for important manufacturing sectors like autos may impede a quick rebound, undermining a key plank of U.S. President Donald Trump’s economic agenda.
The World Bank told Reuters on Friday that its executive board unanimously approved David Malpass, the U.S. Treasury Department’s top diplomat, as the bank’s next president, continuing the 73-year tradition of an American leading the development lender.
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