Business & Finance News
The Nasdaq Composite Index confirmed on Friday it is in a bear market for the first time since 2008, underscoring fears that the longest bull run in history for U.S. stocks could soon be over.
Automakers in the United States repaired more than 7.2 million defective Takata air bag inflators in 2018, as companies have ramped up efforts to track down parts in need of replacement, a report from an independent monitor released on Friday said.
Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the sovereign wealth fund 1MDB, according to a message sent to employees obtained by Reuters.
The dollar gained on Friday as investors sought the currency’s safety amid persistent equity market volatility and a possible U.S. government shutdown.
Minnesota prosecutors on Friday said they will not charge the chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit.
Wall Street stocks fell in volatile trading on Friday, with the Nasdaq on pace to confirm it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services.
Minnesota law enforcement authorities on Friday said they will not charge the chief executive officer of China’s JD.com Inc, Richard Liu, in connection with an alleged sexual assault earlier this year.
Boeing Co looked poised to beat European arch-rival Airbus for aircraft orders in 2018 by a wide margin after clinching billions of dollars in new business from Nigeria’s Green Africa Airways and Saudi Arabia’s flyadeal.
Citigroup Inc has divided up the roles of outgoing North America Chief Executive Bill Mills, according to an internal memo seen by Reuters.
The Federal Reserve is listening to the concerns of markets and open to changing its policy views next year, one its most influential members said on Friday, even while he stood by plans for interest-rate hikes and further paring of the Fed’s bond portfolio.
As the Nasdaq Composite continues to stumble its way toward a bear market, biotech shares are worsening the collapse of the tech-heavy index.
Wall Street fell in volatile trading on Friday, after a few failed attempts at a rally, led by a drop in technology and other high-growth sectors, while defensive stocks rose amid concerns of slowing growth and a looming government shutdown.
A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher.
Wall Street fell in volatile trading on Friday, after a few failed attempts at a rally, led by a drop in technology and other high-growth sectors, while defensive stocks rose amid concerns of slowing growth and a looming government shutdown.
World stock markets continued a week-long sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxiety that global economic growth is slowing.
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