U.S. stock index futures extended gains on Friday after data showed domestic job growth slowed less than expected in October, adding to optimism spurred by strong manufacturing data out of China.
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would continue to prop up the slowing economy for a while.
Oil prices rose on Friday on signs of progress in U.S.-China trade talks and a surprise bounce in Chinese manufacturing activity.
The initial “phase one” trade pact with China appears to be in good shape and is likely to be signed around mid-November, although a finite date is still in question, U.S. Commerce Secretary Wilbur Ross said on Friday.
Exxon Mobil Corp’s third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.
The initial “phase one” trade pact with China appears to be in good shape and is likely to be signed around mid-November, although a finite date is still in question, U.S. Commerce Secretary Wilbur Ross said on Friday.
Exxon Mobil Corp’s third-quarter profit nearly halved, mainly hit by lower oil prices and weakness in its chemicals business.
AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, helped by strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira’s revenue.
Analysts on Friday slammed Royal Dutch Shell’s warning of possible delays to its $25 billion share buyback as an unnecessary step that undermines the energy giant’s management.
In this article we are going to estimate the intrinsic value of Delta Air Lines, Inc. (NYSE:DAL) by projecting its… …read more […]
China’s Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses.
Deutsche Bank said on Friday it had promoted Fabrizio Campelli to chief transformation officer with a mandate to oversee the biggest reorganization in the bank’s history, including its plans to cut 18,000 jobs worldwide.
Brazilian government officials this week tempted airline executives with a pitch: Latin America’s largest domestic aviation market is opening up and it badly needs more competition.
Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.
Insurer American International Group Inc missed analysts’ estimates for third-quarter profit on Friday due to weakness in its life and retirement business. Pre-tax income from the business fell 9% to $646 million as it booked a $143 mln charge related to a review of its actuarial assumption. Excluding the impact from the actuarial review, adjusted pre-tax income at the unit fell 3% due to elevated mortality and lower alternative investment returns, the company said. …read more […]
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