Chinese President Xi Jinping told U.S. President Donald Trump that China would still meet its Phase 1 trade deal purchasing targets despite delays linked to the coronavirus, White House adviser Larry Kudlow told Bloomberg Television on Friday.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously… …read more […]
Investors in Prudential Financial, Inc. (NYSE:PRU) had a good week, as its shares rose 4.7% to close at US$95.33… …read more […]
Shares of Uber Technologies Inc rose on Friday after the ride-hailing company laid out an ambitious plan to be profitable by the end of 2020, a year ahead of its previous target as it tries to squash Wall Street doubts over its long-term viability.
Ford Motor Co on Friday named top executive Jim Farley its chief operating officer, positioning him as potential heir to Chief Executive Officer Jim Hackett and shaking up its top management three days after a weak 2020 profit outlook.
When you’re strapped for cash it’s tempting to raid your retirement savings — and many young Americans are doing just that. Dhara Singh, Cashay.com reporter, joined Yahoo Finance’s ‘The First Trade’ to discuss the impact this may have on your finances in the long run. …read more […]
Wall Street slipped from record highs at the open on Friday as investors assessed the U.S. employment report for January that showed acceleration in jobs growth but included a downward revision to some previous numbers.
U.S. non-farm payrolls data for January came in above analysts expectations, bolstering the view that the economy continues to grow at a healthy pace.
Chief Executive Officer Dara Khosrowshahi is also aiming to bring in more repeat-customer business and try to increase use of premium ride services. “We give Uber (and its board) major credit for finally listening to investors and putting the brakes on its 1980’s Rock Star-like spending habits,” brokerage Wedbush Securities said. Khosrowshahi has been trying to change the company’s image since replacing co-founder Travis Kalanick in 2017 after a series of complaints over his behavior. …read more […]
Tidjane Thiam has quit as Credit Suisse chief executive after a spying scandal that has hit the reputation of Switzerland’s second-biggest bank and shocked the country’s financial community.
Credit Suisse’s incoming chief executive, Thomas Gottstein, plans to put Switzerland’s second-biggest bank on a growth offensive following predecessor Tidjane Thiam’s cost-cutting exercise, he told Reuters on Friday.
Former JPM Chase Chief Economist Anthony Chan joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the details of the jobs report, which added 225,000 jobs, and unemployment ticked up to 3.6% on The First Trade. …read more […]
When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. Less than a week later, talk has turned instead to a market melt-up.
Ford Motor Co on Friday said the top executive Jim Farley will assume the position of chief operating officer, positioning him as potential heir to Chief Executive Jim Hackett.
France is looking at ways to lure clearing in euro derivatives away from London to the European Union to lessen the risk of any forced “relocation” backfiring by driving business instead to the U.S., financial industry officials said.
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