WASHINGTON (Reuters – U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Wall Street’s main averages tumbled more than 1% on Friday, as mixed corporate earnings added to worries over the impact of the coronavirus outbreak on global growth.
Guatemala’s government is imposing blanket travel restrictions on people who have recently been in China to keep out the new coronavirus, President Alejandro Giammattei said on Friday.
The United Kingdom is set to exit the European Union today, three years after voting in favor of Brexit. Yahoo Finance’s Edmund Heaphy joins the On the Move panel from London to discuss what this means for Britain. …read more […]
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year.
BMW has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britain’s trade relations with the European Union make long-term investment decisions harder.
Bayer AG’s shares have taken a hit since three consecutive U.S. juries awarded more than $2 billion in damages to cancer patients alleging that the company’s glyphosate-based weed killer, Roundup, caused their disease.
Travelex’s UK website is now back online, the currency service provider said in an update https://www.travelex.com/customer-update, enabling customers to order travel money cash for store collection or home delivery, almost a month after a crippling ransomware attack.
When a Nobel Prize-winning scientist recently retracted a chemistry paper from a popular scientific journal, most investors probably didn’t notice.
But, as Nicholas Vardy explains today, the lesson in this might just hold the secret of wealth.
Frances Arnold, a chemical engineering professor at the California Institute of Technology, won the 2018 Nobel Prize in chemistry.
Her Nobel Prize, awarded for her 1993 paper on the directed evolution of enzymes, capped a 30-year academic career.
(As an aside, Arnold grew up in my neighborhood in Pittsburgh and attended the public high school down my street.)
On January 2, 2020, Arnold made headlines yet again. But …read more […]
(Bloomberg) — Chinese officials called the U.S. government’s response to the outbreak there unhelpful and promised that they would bring the coronavirus under control, while two U.S. airlines temporarily halted flights to China.The U.K. and Russia confirmed their first cases on Friday, while the U.S. and Japan advised citizens to avoid traveling to China or to come home if they’re there.Cases have now soared to more than 9,950 globally, higher than the number of officially reported cases during the SARS epidemic. The U.S. State Department on Thursday night warned Americans not to travel to China.Bloomberg is tracking the outbreak here. …read more […]
Weaker crude oil and gas prices drove quarterly results sharply lower at Exxon Mobil Corp and Chevron Corp, pushing down shares at the two largest U.S. oil producers and signaling a weak start to the new year. While one-time asset sales or write downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, chemicals and fuel production. Shares of Exxon and Chevron were both at least 3% lower in morning trade on the mixed results and worries about slowing global economic growth. …read more […]
Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people.
European planemaker Airbus will pay 3.6 billion euros ($4 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, lifting a legal cloud that has hung over the world’s largest aircraft maker for years.
U.S. District Judge Thomas Hogan on Friday approved a deal to resolve the Justice Department’s probe into charges airplane Airbus SE violated anti-bribery laws and export controls.
Eli Lilly and Co on Friday priced its acute migraine treatment at $640 for a pack of eight pills and said it will be made available in pharmacies in the next few days.
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