U.S. shares, oil prices slump as China virus fears spread
U.S. shares and crude prices dropped on Friday and 10-year U.S. treasury yields fell to their lowest point in about three months amid concerns that a spreading virus from China would curb travel and hurt economic demand.
New U.S. curb on Huawei in limbo amid pushback from Pentagon: sources
The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said.
Four-comma club: Predicting the next company to join trillion-dollar value elite
The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Adding the next member, however, is likely to take a while.
Wall Street slides on coronavirus fears, Intel offers support
U.S. stocks fell on Friday, as investors were cautious heading into the weekend amid renewed concerns over the fallout of a coronavirus outbreak from China.
U.S. senator slams Tesla’s ‘misleading’ name for Autopilot driver assistance system
A U.S. senator on Friday urged Tesla Inc to rebrand its driver assistance system Autopilot, saying it has “an inherently misleading name” and is subject to potentially dangerous misuse.
Boeing weighing new 787 Dreamliner production cut: sources
Boeing Co is weighing another production cut of its 787 Dreamliner, but may not have to take that step depending on the size and timing of orders from China stemming from a recent U.S. trade agreement, people briefed on the matter said Friday.
Oil drops more than 2%, heads for weekly loss on China virus fears
Crude prices fell more than 2% on Friday, heading toward $60 a barrel and a steep weekly decline over concerns that the coronavirus in the world’s second-largest oil consumer China will spread farther, curbing travel and oil demand.
Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources
Bombardier has approached France’s Alstom and Japan’s Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.
Wall Street Week Ahead: Hopes are high for tech stock ‘Cadillacs’; so are their prices
Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
Walmart testing higher minimum wage for some employees
Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.
