Stock futures at record high as trade optimism lingers
U.S. stock index futures ticked to fresh record highs on Friday as investors stayed optimistic that Washington and Beijing would sign a long-awaited trade treaty early in the new year.
U.S. stock index futures ticked to fresh record highs on Friday as investors stayed optimistic that Washington and Beijing would sign a long-awaited trade treaty early in the new year.
Giant listings by Saudi Aramco and Alibaba rescued a sluggish year for equity capital markets (ECM) in 2019 after a string of shelved initial public offerings (IPOs) and share price slumps.
French telecoms group Orange and its former CEO Didier Lombard were guilty of "moral harassment" that prompted a spate of suicides during a restructuring at the company in the late 2000s, a Paris court ruled on Friday.
Just Eat backed a final all-share offer from Takeaway.com and rejected a rival cash bid from Prosus on Friday, saying a tie-up with Takeaway to create one of the leading online food delivery companies was compelling.
Johnson & Johnson said on Friday it would acquire the remaining stake in Verb Surgical Inc, from Verily, Alphabet Inc's life sciences division.
Media company ViacomCBS Inc said on Friday it would take a 49% stake in film studio Miramax, owned by Qatar's BeIN Media Group, for $375 million.
France's competition watchdog on Friday fined Google 150 million euros ($167 million) for abusing its dominant market position by applying opaque and unpredictable rules on its Google Ads advertising platform.
U.S. stock indexes opened at record highs on Friday amid optimism over a further winding down in Sino-U.S. trade tensions, starting with an interim deal due to be inked in January.
The head of the one of the main union groups at Fiat Chrysler said on Friday a pledge by the Italian-American carmaker and France's PSA not to shut plants under their recently announced merger deal does not guarantee job levels will stay the same.
Sales of Apple's wireless headphones are poised to grow by 150% in 2020, according to a top analyst from Bernstein.
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U.S. economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labor market.
As end-December approaches, money market players' thoughts may be turning to a September scare, when rates in the $2.2 trillion U.S. repurchase or repo market spiked to 10%, boosting the premium to borrow dollars. The fear is a bigger crunch may erupt in the $2.2 trillion U.S. repo market towards year-end, a period when banks lend less and trading volumes fall.
Wall Street analysts were upbeat about Nike Inc's long-term growth, encouraged by the sportswear maker's robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.
U.S. stocks inched to fresh record highs on Friday, as investors remained optimistic about improving trade relations between Washington and Beijing in the run-up to the holiday season.