S&P 500 rises above record closing high on U.S.-China trade progress
The S&P 500 on Friday rose above its record closing high after Washington said it was close to finalizing parts of a trade pact with Beijing.
The S&P 500 on Friday rose above its record closing high after Washington said it was close to finalizing parts of a trade pact with Beijing.
The Employees Retirement System of Texas on Friday announced it would divest $350 million from Fisher Investments. In the last two weeks the firm has lost $3 billion as pensions and firms exit.
Qatari investors in Deutsche Bank want the lender's chairman to leave after he botched an attempt to appoint their envoy to the board, people familiar with the matter said.
Richemont said on Friday that it was teaming up with former Lanvin designer Alber Elbaz for a new venture at a time when luxury goods groups are vying to make star hires.
Fiat Chrysler Automobiles NV said on Friday it is recalling 108,000 Ram 1500 diesel-powered pickup trucks in the United States for coolant leaks tied to reports of some fires and four minor injuries.
Oil prices inched up on Friday and were headed for the strongest weekly gains in more than a month as support from falling U.S. crude stocks, optimism over a U.S.-China trade deal and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns.
United Airlines wants to include Brazil's Azul in its planned tie-up with Copa Holdings and Colombia's Avianca Holdings to create a four-way partnership in Latin America, a senior executive said on Friday.
A Texas retirement system and Goldman Sachs Group Inc pulled a combined $584 million from Fisher Investments on Friday, after allegations that firm founder Ken Fisher made sexist comments at a conference.
Russia's energy ministry said on Friday it continues close cooperation with Saudi Arabia and OPEC and non-OPEC oil producers to enhance market stability and predictability.
The U.S. government ended fiscal year 2019 with the largest budget deficit in seven years as gains in tax receipts were offset by higher spending and growing debt service payments, the Treasury department said on Friday.
Oil prices rose on Friday, registering the strongest weekly gains in more than a month as support from optimism over a U.S.-China trade deal, falling U.S. crude stocks and possible action from OPEC to extend output cuts outweighed broader economic concerns.
White House trade adviser Peter Navarro is fighting "Phase One" of the China trade deal announced by U.S. President Donald Trump on Oct. 11, CNBC reported on Friday, citing sources.
The S&P 500 rose on Friday, briefly surpassing its record closing high, after Washington said it was close to finalizing parts of a trade pact with Beijing.
United Airlines is in early discussions with Apple Inc about upgrading the U.S. carrier's terminal at San Francisco International airport, United's Chief Digital Officer Linda Jojo told journalists on Friday without providing more details.
U.S. stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago.