Business & Finance News
The S&P 500 and Dow Jones indexes stalled on Friday after a record run, as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and “Badoo”, valuing the company at about $3 billion, the private equity firm said in a statement on Friday.
The U.S. Commodity Futures Trading Commission has ordered a Wells Fargo & Co unit to pay more than $14 million over alleged multiple swap dealer business conduct standards violations, the agency said in a statement on Friday.
Tesla Inc Chief Executive Officer Elon Musk took to Twitter on Friday to taunt short-seller David Einhorn in an open letter after the hedge fund owner wrote to clients about losing money on his short position in the Silicon Valley car maker.
Oil prices fell and global equity markets slid on Friday, halting a week-long rally on hopes an end to the U.S.-China trade war was near, as investors parsed statements from Beijing and Washington on where they stand on rolling back tariffs.
Gap Inc said on Friday it was sticking with plans to spin off its Old Navy brand into a separate company, as Wall Street analysts questioned its commitment to the project following the surprise exit of Chief Executive Officer Art Peck.
The Federal Communications Commission on Friday said it was directing nine broadcast station groups to return to the negotiating table over whether to allow local stations to air on AT&T Inc’s DirectTV after some consumers have been without access for five months.
Wall Street halted a record run on Friday as U.S. President Donald Trump contradicted reports that the United States and China would roll back existing tariffs.
An Italian court on Friday convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative transactions that prosecutors say helped the Tuscan lender conceal massive losses.
Siemens Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his own deputy praised Tesla’s CEO Elon Musk.
It was meant to be a fleeting slowdown for Europe’s economic powerhouse, followed by a rapid rebound.
President Donald Trump on Friday told reporters he has not agreed to roll back tariffs on China but that Beijing would like him to do so.
U.S. stocks dipped on Friday after U.S. President Donald Trump said he had not agreed to roll back tariffs on Chinese goods.
French energy major Total said on Friday it was taking measures to avoid fuel and other products shortages after striking workers blocked distribution from its 110,000 barrels-per-day Feyzin refinery.
The S&P 500 and Nasdaq indexes opened slightly lower on Friday after a record run this week fueled by rising hopes of a U.S.-China trade truce and an upbeat corporate earnings season.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
