Business & Finance News
China’s Commerce Ministry has “proactively dealt with” trade frictions with the United States this year, it said on Sunday after an annual work conference.
Elon Musk, founder of tunneling enterprise Boring Company, said in a tweet that a commercial tunnel in Las Vegas would “hopefully” be fully operational in 2020.
Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported.
The United States is looking at ways to cooperate with Mexico on customs along their border to curb flows of illicit arms, drugs and money, the U.S. ambassador to Mexico said on Friday.
Restaurant Brands International Inc said on Friday Alex Macedo, the president of coffee and breakfast chain Tim Hortons, will be stepping down after two years in the role.
The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along.
World equity markets scaled records on Friday with global growth prospects raised by upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent, but the year-end rally ebbed on Wall Street and the dollar eased as risk appetite grew.
The S&P 500 ended little changed on Friday and the Nasdaq ended an 11-day streak of gains after some late-session weakness, although the Dow managed to eke out another record as investors paused after a year-end rally.
Amazon.com Inc and its Ring home security camera unit have been sued by an Alabama homeowner who said the cameras’ defective design leaves purchasers vulnerable to cyberattacks.
Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally.
The S&P 500 and the Dow industrials edged higher to fresh records on Friday, as a year-end rally fueled by optimism over an initial U.S.-China trade deal chugged along.
With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday in its quarterly energy survey.
The S&P 500 and the Dow inched to fresh record highs on Friday, as hopes of an imminent U.S.-China trade deal and an improving global economy continued to fuel a year-end rally.
Oil was little changed on Friday, steadying near three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally.
Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.
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