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White House adviser says UK's 5G actions won't hinder trade deal

Britain's decision to eschew U.S. concerns and grant China-based Huawei Technologies a limited role in its 5G network will not hinder efforts to reach a U.S.-UK trade deal, White House economic adviser Larry Kudlow said on Friday.



5 years ago

Junk bond scare is rising: 'No one cares. People are buying everything'

The latest warning comes from Charles Schwab strategists, who are advising clients to reduce their exposure to a part of the market that will see a record number of maturities over the next five years.

5 years ago

Do you smell what Bezos is cooking? Amazon could buy the WWE, analyst predicts

The "best case scenario" for World Wrestling Entertainment is if Amazon buys its streaming rights in the US and internationally, according to Needham.

5 years ago

'We'll see; - U.S. Vice President on whether U.K.'s 5G decision could hurt possible trade deal

U.S. Vice President Mike Pence said on Friday that Britain's decision to let Huawei Technologies have a limited role in its 5G network remains a point of issue between the two traditional allies.



5 years ago

EU goes into meeting frenzy ahead of February 20 summit on next seven-year budget

European Union leaders and institutions went into a frenzy of meetings this week to start the toughest job the bloc faces this year: agreeing on a seven-year budget that for many is the most tangible sign of what a united Europe will look like after Brexit.



5 years ago

Mediaset set to win more time to complete merger of Italy, Spain units: sources

Mediaset will submit revised plans to merge its Italian and Spanish broadcasting units under a Dutch entity to authorities in the Netherlands, securing a six-month extension to complete the project, two sources familiar with the matter said.



5 years ago

New drugs contribute to AbbVie's upbeat 2020 view; shares hit year-high

AbbVie Inc on Friday forecast full-year earnings well above Wall Street estimates, as the U.S. drugmaker looks to new treatments and its pending acquisition of Allergan Plc to drive growth beyond 2023, when its cash cow Humira loses patent protection.



5 years ago

Growth worries on coronavirus send stocks lower at end of best week since June

Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately.



5 years ago

Wall Street pulls back from record highs after four-day rally

Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic.



5 years ago

Ford shakes up top management, promises faster turnaround

Ford Motor Co on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear.



5 years ago

Consumer discretionary names could see bumpy ride

A raft of earnings reports from consumer discretionary companies and U.S. retail sales data set for the coming week could help investors determine to what extent the coronavirus is hitting consumer demand.



5 years ago

Wall St. pulls back from record highs after four-day rally

Wall Street pulled back from record levels on Friday after a four-day rally, as investors digested a report that showed strength in the U.S. labor market, while keeping a close eye on developments surrounding the coronavirus epidemic.



5 years ago

Fed says risks to economy easing, but calls out coronavirus in report to Congress

A "moderately" expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded and the likelihood of recession has declined, the U.S. Federal Reserve said in its latest monetary policy report to the U.S. Congress.



5 years ago

Pence dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei

U.S. Vice President Mike Pence on Friday declined to endorse an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd.



5 years ago

Mild weather boosts U.S. job growth; jobless rate ticks up

U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.



5 years ago