Business & Finance News
Oil prices fell on Friday, but both benchmarks logged a third straight weekly gain amid the easing of U.S.-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth.
U.S. stocks hit record closing highs again on Friday and the S&P 500 registered its biggest weekly percentage gain since early September after data showed a rise in consumer spending and investors continued to be optimistic over progress in the U.S.-China trade war.
The S&P 500 hit a record high for a seventh straight session on Friday, as continued optimism on resolving the U.S.-China trade war and strength in domestic consumer spending lifted sentiment.
The U.S. Securities and Exchange Commission (SEC) is probing the listings of some companies over several years focusing on the first day of trading, the Wall Street Journal reported on Friday, citing sources.
A group of five U.S. senators sent a letter on Thursday to JPMorgan Chase & Co. , asking it to explain what it was doing to address what they described as “a troubling list of discriminatory practices” related to race.
Alphabet Inc’s newly-instated Chief Executive Officer Sundar Pichai would receive a hefty $240 million in performance-based stock awards over the next three years, the highest ever promised to any executive of the search giant.
United States Steel Corp plans to lay off as many as 1,545 workers at its Great Lakes Works facility in the electoral swing state of Michigan following its decision to indefinitely idle a “significant” portion of the facility.
Oil fell on Friday, but prices were set for a third straight weekly gain amid the easing of U.S.-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth.
U.S. economic growth nudged up in the third quarter and the economy appears to have maintained the moderate pace of expansion as the year ended, supported by a strong labor market.
For all the angst about trade wars, geopolitics and a sputtering and overly indebted global economy, 2019 might just be the best year investors have ever had.
Shares of Tesla Inc hit a fresh record high for the third straight session on Friday, and were just $7 shy from the $420 per share price at which founder Elon Musk sought to take the electric carmaker private more than a year ago.
France’s competition watchdog fined Google 150 million euros ($167 million) on Friday for abusing its power over the treatment of advertisers, saying it applied opaque rules and changed them at will.
United Airlines Co is extending its cancellations of Boeing 737 MAX flights until June 4 as Boeing’s top supplier, Spirit AeroSystems Inc, said it would stop making fuselages for the grounded jets.
Oil was down about 1% on Friday, but prices were set for a third straight weekly gain amid the easing of U.S.-China trade tensions, which has boosted business confidence and the outlook for global economic growth.
The S&P 500 extended its run of record highs for the seventh straight session on Friday, its longest streak in over two years, as investor optimism continued on improving U.S.-China trade relations and strength in domestic consumer spending.
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