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Updated: 17 min 52 sec ago

Fresh trade uncertainty rattles stocks, hits yuan

Fri, 05/17/2019 - 21:33
A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions.
Categories: Financial Media

Huawei and suppliers make plans to face U.S. trade blacklist: Nikkei

Fri, 05/17/2019 - 21:25
China's Huawei Technologies Co Ltd is asking its top Asian chipmakers to maintain deliveries after Washington decided to curb the telecom giant's access to American technology, the Nikkei reported https://asia.nikkei.com/Economy/Trade-war/Huawei-and-suppliers-dust-off-backup-plans-to-prepare-for-storm on Friday, citing sources familiar with the matter.
Categories: Financial Media

Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM

Fri, 05/17/2019 - 21:10
Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said on Friday.
Categories: Financial Media

U.S. stocks drop late in session on trade uncertainty

Fri, 05/17/2019 - 21:08
Wall Street shares extended losses in late trade on Friday after CNBC reported that the next round of U.S.-China negotiations was in flux, looking set to end a seesaw week the same way they started with selling on worries about the escalating trade war.
Categories: Financial Media

Corporations, events face boycott threats over U.S. abortion laws

Fri, 05/17/2019 - 20:46
Companies operating in Alabama and Georgia, ranging from Toyota to Netflix, as well as an Alabama music festival faced boycott threats on Friday after the states passed near-total bans on abortion.
Categories: Financial Media

Oil slips but ends week higher on Mideast supply disruption fears

Fri, 05/17/2019 - 20:39
Oil prices edged lower on Friday due to demand fears amid a standoff in Sino-U.S. trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in Middle East shipments due to U.S.-Iran political tensions.
Categories: Financial Media

Trade talks between U.S. and China have stalled: CNBC

Fri, 05/17/2019 - 20:37
The trade talks between the United States and China have stalled, CNBC reported on Friday, citing sources.
Categories: Financial Media

Overstock CEO says he had to sell shares to supplement his pay

Fri, 05/17/2019 - 19:17
Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to "give such an explanation again."
Categories: Financial Media

Trade tensions keep Wall St. under pressure

Fri, 05/17/2019 - 18:44
U.S. stocks struggled for direction after three days of gains on Friday, as investors weighed mixed headlines on trade, with China's aggressive stance in its trade war with the United States remaining an overhang.
Categories: Financial Media

China's tough trade rhetoric leaves talks with U.S. in limbo

Fri, 05/17/2019 - 18:41
China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world's two largest economies would be meaningless unless Washington changed course.
Categories: Financial Media

Starbucks' China rival Luckin surges in market debut

Fri, 05/17/2019 - 18:18
Shares of Luckin Coffee Inc surged as much as 52.7% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in China.
Categories: Financial Media

Walmart bets big on attracting workforce with new HQ campus

Fri, 05/17/2019 - 18:12
New corporate headquarters are springing up across the United States.
Categories: Financial Media

Airlines urge regulators not to compete on safety after Boeing crisis

Fri, 05/17/2019 - 18:08
Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority.
Categories: Financial Media

IMF's Lagarde says U.S.-China trade war could be risk for world economic outlook

Fri, 05/17/2019 - 17:47
The trade war between the United States and China could be a risk to the world economic outlook if it is not resolved, International Monetary Fund Managing Director Christine Lagarde told Reuters on Friday during a visit to Uzbekistan.
Categories: Financial Media

IATA expects trade tensions to hit airline profit outlook

Fri, 05/17/2019 - 17:09
Global airlines body IATA expects increasing trade tensions and higher costs will mean a cut in 2019 industry profit forecasts.
Categories: Financial Media

GMC trucks to deploy adaptive cruise control system

Fri, 05/17/2019 - 17:03
Automaker General Motors Co's truck brand GMC said on Friday its 2020 Sierra large pickup trucks will have an adaptive cruise control system, in a push to catch up with its rivals.
Categories: Financial Media

Oil set for weekly gain on threat of Mideast supply disruptions

Fri, 05/17/2019 - 16:57
Oil prices steadied on Friday, with both benchmarks on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions.
Categories: Financial Media

Overstock CEO justifies stock sale, vows never to give 'an explanation again'

Fri, 05/17/2019 - 16:50
Overstock.com Inc Chief Executive Officer Patrick Byrne, lashing out at shareholders questioning his sale of a big block of stock this week that sent the company's shares into a nosedive, said on Friday he had to supplement his "nominal salary" and vowed never to "give such an explanation again."
Categories: Financial Media

U.S. consumer sentiment robust before escalation of trade war

Fri, 05/17/2019 - 16:37
U.S. consumer sentiment jumped to a 15-year high in early May amid growing confidence over the economy's outlook, but much of the surge was recorded before an escalation in the trade war between the United States and China, which could hurt activity.
Categories: Financial Media

Shares wobble, yuan weakens as global trade talk rattles markets

Fri, 05/17/2019 - 16:36
A gauge of global stocks dipped but erased steeper losses in a volatile session on Friday while the Chinese yuan weakened as global trade tensions persisted to hover over financial markets.
Categories: Financial Media

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