Business & Finance News
Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together.
The S&P 500 edged lower on Friday as chip stocks tumbled after weak forecasts from Nvidia and Applied Materials, but a recovery in oil prices for a third day lifted energy stocks.
Tesla Inc has started taking orders for its Model 3 sedan in China, the electric carmaker’s China website said, adding that booking a Model 3 required a deposit of 8,000 yuan ($1,153.60).
U.S. carrier Delta Air Lines said on Friday it has deferred delivery of 10 Airbus A350 jets as it orders 10 of the cheaper A330neo long-haul models, confirming a Reuters report.
U.S. carrier Delta Air Lines has deferred delivery of 10 Airbus A350 jets as it orders 10 of the cheaper A330neo long-haul models, people familiar with the matter said.
U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector.
U.S. stocks opened lower on Friday, as technology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.
Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs of support from one regulator for the company.
Volkswagen plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday.
European stocks slipped again, and sterling and the euro remained volatile on Friday, as one of the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets.
The dollar fell to one-week lows against a basket of currencies on Friday as two Federal Reserve officials cautioned in separate television interviews about slowing global economic growth, raising doubts about the number of future rate increases.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, beat Wall Street estimates for profit and revenue on Friday, lifted by the strong performance of “Mission: Impossible – Fallout.”
Worries about how fast the computing world will transition to Nvidia Corp’s next generation “Turing” graphic chips helped knock 20 percent off the value of its shares on Friday, after results pointed to a huge glut of unsold older generation chips.
European stocks slipped again and sterling and the euro remained fragile on Friday, as one of the most dramatic twists yet in the Brexit process compounded another turbulent week for world markets.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
