Business & Finance News
At a time when companies in a U.S. natural gas field have been losing money and exiting Louisiana’s Haynesville shale basin, Dallas Cowboys’ owner Jerry Jones’ Comstock Resources is picking up cheap assets, betting on the field’s proximity to the growing U.S. Gulf Coast export hub.
Wall Street’s main stock indexes hit record highs on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by a strong forecast from semiconductor industry bellwether Applied Materials.
U.S. retail sales rebounded moderately in October although consumers did cut back on purchases of big-ticket household items like furniture and discretionary spending, which could temper expectations for a strong holiday shopping season.
The U.S. Supreme Court on Friday agreed to hear Google’s bid to escape Oracle Corp’s multi-billion dollar lawsuit accusing Google of infringing software copyrights to build the Android operating system that runs most of the world’s smartphones.
The U.S. financial system appears stable overall, though high levels of corporate debt, the impact of an extended period of low global interest rates, and emerging “stablecoin” proposals could pose risks, the Federal Reserve reported on Friday.
U.S. Federal Aviation Administrator Steve Dickson told his team to “take whatever time is needed” in their review of Boeing Co’s 737 MAX, reiterating that the path to approval is “not guided by a calendar or schedule,” according to a Nov. 14 memo reviewed by Reuters.
Restaurants are doing away with dining rooms as consumers increasingly order food deliveries through apps such as Uber Technologies Inc’s Uber Eats and GrubHub Inc.
Online platforms including Facebook and Alphabet Inc’s Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election.
Twitter Inc on Friday laid out its plan for banning political ads just as campaigns for the 2020 presidential election heat up, and for banning ads that advocate for a certain outcome on social and political causes.
The strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months.
Wall Street’s main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials boosted risk appetite.
WeWork is facing scrutiny from the U.S. Securities and Exchange Commission over whether the company violated financial rules in the run-up to its canceled initial public offering, Bloomberg reported on Friday, citing two people with knowledge of the matter.
Electronic Arts Inc launched “Star Wars Jedi: Fallen Order” on Friday, garnering strong reviews for its flagship action-adventure series that is crucial to its holiday sales, after the videogame publisher shelved “NBA Live” game.
United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights until March 4, joining U.S. peers who are also scheduling without the aircraft until early March as the jet awaits approval to fly again.
Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices.
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