The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.
Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer.
Saks Fifth Avenue owner Hudson's Bay Co has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday.
As we move into 2020, we’re taking a look at a few technologies and consumer-facing industries to watch in the coming year. Continue reading
Saudi Aramco's share price jumped 10% for the second consecutive day, hitting 38.7 riyals ($10.32) in a pre-market auction, Refinitiv data showed, suggesting the company will hit a $2 trillion market value when it starts trading on Thursday.
The options-based Black Swan index may be signaling surging demand from investors for protection against a stock market crash, but Wall Street analysts see little reason to panic.
With memories of September's historic spike in short-term funding costs still raw, Wall Street and the Federal Reserve are gearing up for another potential cash crunch at year end.
Saudi Aramco achieved the $2 trillion valuation sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the newly-listed state-owned oil company's shares rose sharply on their second day of trading.
China's aviation regulator raised "important concerns" with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China.
Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year.
China and the United States are in close communication on trade, its commerce ministry said on Thursday, declining to comment on possible retaliatory steps if Washington imposes more tariffs on Chinese goods this weekend.
Saudi Aramco's shares jumped 10% at market open on Thursday to 38.7 riyals, implying a market value of $2 trillion, before dipping in early trade, Refinitiv data showed.
World shares took a fresh run at record highs on Thursday, as all the right messages from the U.S. Federal Reserve set traders up nicely for a packed day of milestone central bank meetings and a Brexit-defining election in Britain.
Saudi Aramco topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the state-owned oil firm's shares soared for a second day, defying some scepticism about their long-term value.
Haier, the world's biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at $7.7 billion private, two people with direct knowledge of the matter said.