Cramer sees oil stocks in the 'death knell phase,' says they are the new tobacco
CNBC's Jim Cramer said Friday he's done with fossil fuel stocks because young investor's concerns about climate change are holding them down.
CNBC's Jim Cramer said Friday he's done with fossil fuel stocks because young investor's concerns about climate change are holding them down.
The S&P 500 and the Dow Jones Industrial Average slid on Friday, hit by worries over the impact of the coronavirus epidemic on global growth, while strong earnings from Amazon.com checked losses on the Nasdaq.
Morgan Stanley has promoted Alex Silverman and Roland Jeurissen to co-head its FX options unit, which is the target of an internal probe, Bloomberg reported on Friday, citing people familiar with the matter.
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.
Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to cull unprofitable assets, and shares of the No. 2 U.S. oil producer tumbled 3% in early trading.
There is no stopping Amazon.com's revenue growth , Wall Street analysts said on Friday.
Vietnam Airlines will suspend its flights to destinations in China from next week over coronavirus concerns, the company said on Friday.
The United States drew China's wrath with a travel warning on Friday while businesses struggled with supply problems from the coronavirus epidemic that has killed 213 people and been declared a global emergency.
European planemaker Airbus bribed public officials and hid the payments as part of a pattern of corruption that led to a record $4 billion bribery settlement with France, Britain and the United States, French prosecutors said on Friday.
A growing number of countries around the world are evacuating or planning to evacuate diplomatic staff and citizens from parts of China hit by the new coronavirus.
Guatemala is imposing travel restrictions on people who have recently been in China to prevent the new coronavirus entering the Central American country, President Alejandro Giammattei said on Friday.
"What made him successful on the court ... is the same thing I saw from him in business," said billionaire entrepreneur Michael Rubin.
Australia's No. 2 lender Westpac Banking Corp said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and interim CEO Peter King as defendants, has been filed in a U.S. court on behalf of its shareholders.
Burger King, saying it never billed its "Impossible Whoppers" as vegan or promised to cook them a particular way, said a proposed class action by a vegan customer over the plant-based patties being cooked on the same grills as meat burgers should be thrown out.
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.