U.S.-China trade talks are progressing well and the United States aims to sign an initial deal this month, top Trump administration officials said on Friday, offering reassurance to global markets after nearly 16 months of tit-for-tat tariffs.
President Donald Trump said on Friday that talks on a trade agreement with China were coming along well, echoing comments by U.S. and Chinese officials of progress on an initial deal.
Q3 2019 Timken Co Earnings Call …read more […]
Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.
(Bloomberg) — A controversial new hire at Google has provided a test of the company’s new community guidelines, which it says are an effort to curb increased incivility at work. But some employees say the new rules smack of censorship.Tensions at the company have flared over the hiring of Miles Taylor, who previously served as chief of staff to former Homeland Security Secretary Kirstjen Nielsen, as a government affairs and public policy manager. Some employees have accused Taylor of helping to support the Trump administration’s hard-line immigration policies.Karan Bhatia, Google’s global policy chief, told employees in a staff meeting last …read more […]
A wide swath of the U.S. travel and leisure industry is set to provide insight next week on the state of the economy, including trends in consumer spending, fallout from U.S.-China trade tensions and any damaging impact from the stronger U.S. dollar.
(Bloomberg) — United Auto Workers leaders endorsed a tentative agreement with Ford Motor Co. and sent it to workers for a ratification vote after contract negotiations that lacked the drama surrounding the 40-day strike at General Motors Co.While the deal calls for the closing of an engine plant in Michigan, it also includes $6 billion of product investments in U.S. facilities and the creation or retention of more than 8,500 jobs. One of Ford’s factories in Ohio will be getting a $900 million infusion for a new product to build in 2023.The proposed pact now moves on to Ford’s 55,000 …read more […]
World equity markets surged and crude oil prices jumped on Friday after a stronger-than-expected U.S. employment report, a surprise bounce in Chinese manufacturing and optimism over U.S.-China trade talks tamped down fears of slowing global growth.
Today is Apple’s first official day in the video streaming industry, with the premiere of Apple TV+. But ,the reviews are in and some say that the tech giant’s programming isn’t worth the subscription. Yahoo Finance’s Jen Rogers, Myles Udland, and Brian Sozzi discuss. …read more […]
A Manhattan judge has dismissed Uber Technologies Inc’s lawsuit challenging a New York City law limiting the number of licenses for ride-hailing services, the first such cap by a major American city. In a decision made public on Friday, New York State Supreme Court Justice Lyle Frank rejected Uber’s argument that the city wrongly gave its Taxi and Limousine Commission power to enforce the cap. Frank was also unconvinced that the cap, part of Local Law 147, would impede state efforts to reduce traffic congestion through “congestion pricing” on vehicles entering high-traffic areas of Manhattan. …read more […]
Upon its highly anticipated debut, critics slam the Apple TV+ original series ‘The Morning Show.’ Yahoo Finance’s Alexandra Canal, Zack Guzman and Emily McCormick, along with ‘The Information’ reporter Carleton English discuss. …read more […]
Transcript
Here’s your “Slap in the Face” Award for this week. This cheek-smacker goes out to income investors, which includes me.
In case you weren’t already aware, since rates were lowered to zero or near zero during the Obama administration, earning anything on your money (“anything” meaning income from an investment) has been a challenge.
The press was quick to report the yield inversion (where the two-year Treasury paid more than the 10-year Treasury) recently. But it seems oblivious to the fact that when it comes to yields, seniors and retired people in this country have been living on a starvation diet for …read more […]
United Auto Workers leaders from Ford Motor Co’s U.S. plants on Friday recommended approval of a tentative labor agreement that would allow the No. 2 U.S. automaker avoid a strike like the one that cost its larger rival General Motors Co about $3 billion.
U.S. stocks rallied to close out the trading week on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat U.S. jobs report and data on Chinese manufacturing eased concerns about slowing global growth.
(Bloomberg) — California Governor Gavin Newsom said he was prepared to restructure bankrupt PG&E Corp. if the parties that are battling over control of the company are unable to quickly resolve its Chapter 11 case.“All options are on the table,” Newsom said in a statement. Those options could include a state-led takeover of the utility, advisers said in an interview.Newsom again blasted PG&E for its handling of a series of intentional mass blackouts intended to keep power lines from igniting fires during high winds. He said the shutoffs highlighted PG&E’s “culture of ineptitude – a behemoth that was slow to …read more […]
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