Business & Finance News
U.S. stocks rose on Friday, with gains in defensive sectors including consumer staples and real estate helping extend a two-day rally, although weakness in technology companies capped gains.
The Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase & Co HK$12.5 million ($1.60 million) and reprimanded it for breaching anti-money laundering and counter-terrorist financing rules.
Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said on Friday, the latest sign of weakness in the U.S. housing market.
Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence that followed Chief Executive Elon Musk’s tweet about taking the electric carmaker private.
Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks hovered near their lowest levels in more than a year.
Dell Technologies Inc’s Class C shares opened at $46 in their return to public markets on Friday, after the company bought back shares tied to its interest in software maker VMware earlier in the month.
Wall Street was set to open slightly higher on Friday, extending a two-day rally amid volatile trading and raising hopes that the recent selloff may have eased for now.
Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence following Chief Executive Officer Elon Musk’s tweet about taking the electric carmaker private.
World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets.
Oil prices fell on Friday, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year.
U.S. President Donald Trump’s criticism of the Russian-backed Nord Stream 2 pipeline is no reason to stop the project and any attempt to do so would be difficult now that it is being built, European Commissioner Guenther Oettinger said.
Music retailer HMV said it was calling in the administrators, blaming a worsening market for CDs and DVDs, to become the latest victim of brutal trading conditions in Britain’s retail sector.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
U.S. stock futures were higher on Friday, extending a two-day rally amid volatile trading and raising expectations that the recent selloff may have eased for now.
Russia’s largest oil producer Rosneft will buy around 6 million tonnes of oil worth over $2 billion from domestic producers next year, according to an announcement on a state-owned website for purchases of companies’ needs.
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