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8 months ago

Trump says China wants trade deal, U.S. may not impose more tariffs

U.S. President Donald Trump said on Friday that China had sent a list of things it was willing to do to resolve trade tensions with the United States and his administration may not have to impose further tariffs, but he added the situation was still not acceptable to him.

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8 months ago

Viacom sets Netflix deal that augurs future strategy

Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content.

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8 months ago

Oracle veteran Thomas Kurian to replace Diane Greene as Google Cloud CEO

Former Oracle Corp product chief Thomas Kurian is replacing Diane Greene as chief executive of Alphabet Inc's Google Cloud, according to a blog post https://cloud.google.com/blog/topics/inside-google-cloud/transitioning-google-cloud-after-three-great-years from Greene.

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8 months ago

Oil edges up in volatile session as it heads for weekly loss

Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries.

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8 months ago

S&P, Dow rise after Trump comments on trade

The S&P 500 and the Dow gained on Friday, after U.S. President Donald Trump said that the United States may not need to impose further tariffs on Chinese imports as the world's two largest economies continue to work on an agreement to eliminate trade tensions.

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8 months ago

Investors eye holiday sales for market salve

Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks.

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8 months ago

U.S. manufacturing production increases; headwinds growing

U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019.

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8 months ago

Airbus, Dassault finalizing bid for early work on new fighter jet

Airbus and France's Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter.

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8 months ago

PG&E options traders bet stock not out of the woods yet

The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term.

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8 months ago

Fed officials' caution weakens dollar, sterling rebounds

The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.

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