Business & Finance News
U.S. stocks were lower on Friday afternoon following a slew of high-profile earnings disappointments, but indexes were off the day’s lows and the S&P 500 eased off correction levels.
Tesla Inc has not received a subpoena from the U.S. Department of Justice related to its forecast for Model 3 production, the carmaker said on Friday, after a report that the company was facing a deepening criminal probe about the projections.
Stock markets around the world fell on Friday on track for the longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.
Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters on Friday.
U.S. stocks were well off session lows on Friday afternoon, with the S&P retreating from correction levels, helped by a sharp recovery in Alphabet and data showing the U.S. economy continued to grow at a healthy pace.
Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization.
Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from Amazon.com wiped $65 billion off the online retailer’s market capitalization.
A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or “robo,” calls to cell phones without consumers’ consent.
A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or “robo,” calls to cell phones without consumers’ consent.
Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers’ shares trading lower on the year.
Airbus is close to naming an outsider to replace finance chief Harald Wilhelm after board moves to overhaul top management in response to a corruption probe hastened his surprise resignation in May, people close to the matter said.
Epic Games, creator of popular online video game “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc , Iconiq Capital and Smash Ventures.
The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping growth on track to hit the Trump administration’s 3 percent target this year.
Epic Games, creator of popular online video game “Fortnite”, said on Friday it received $1.25 billion in funding from investors including KKR & Co Inc , Iconiq Capital and Smash Ventures.
Stock markets around the world fell on Friday on track for their longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disappointing corporate profits and trade wars.
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