U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared.
Stocks closed at their highest levels since at least March, ending Friday’s volatile session mostly higher after President Donald Trump announced retaliatory measures against China that were less negative for markets as some had feared. Myles Udland, Sean Smith, Rick Newman, and Akiko Fujita discuss on The Final Round. …read more […]
Until early May, Southwest Airlines executives described their revenue stream as a leaky bucket, with some new bookings coming in, but not enough to offset losses from itinerary cancelations. “You just can’t keep the water up,” Andrew Watterson, the airline’s chief commercial officer, said in an interview. As many U.S. states, cities, and counties dropped […] …read more […]
The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as it consolidates roles and restructures some key departments to address the severe financial impact of the coronavirus crisis on its business.
The S&P ended a choppy session higher on Friday after President Donald Trump made comments on China that were less worrisome for the U.S. economy than investors apparently had feared.
Four U.S. senators, including a China hawk, urged the Federal Trade Commission on Friday to investigate allegations that the popular video app TikTok violated a consent decree protecting children’s privacy.
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
Global stocks fell while bonds and the euro climbed on Friday as investors turned cautious over China’s national security law on Hong Kong, but U.S. stocks pared earlier losses after President Trump did not announce any new retaliatory tariffs.
President Donald Trump announced that the U.S. was revoking its support for the agency, the latest escalation in a battle that has seen the president accuse the WHO of being too beholden to Beijing. …read more […]
Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus.
The S&P 500 was up in late, choppy trading Friday after President Donald Trump made comments on China that appeared less worrisome for the U.S. economy than investors apparently had feared.
The S&P 500 has broken above 3,000, marking a milestone in the current bull rally. There’s a deepening feeling that equities by be a leading indicator, showing that the economy will turn around in 2H20.That’s the blue-sky scenario, and it may happen. We live in an uncertain world, however, and even the most upbeat investors will look for ways to defend their portfolio in times like these. It’s natural to look at value stocks, equities trading at low cost but offering high upside potential, and high-yield dividend stocks, with their steady income stream providing a cushion against share depreciation. We’ve …read more […]
Morgan Stanley is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.
Chinese internet giant Tencent Holdings Ltd is in discussions to invest $200 million in Warner Music Group, ahead of the record company’s initial public offering next week, the Wall Street Journal reported https://www.wsj.com/articles/tencent-in-talks-to-buy-warner-music-stake-11590774885, citing people familiar with the matter.
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