Dollar, stocks slide on renewed Middle East tensions
The dollar fell and global equity markets retreated from fresh highs on Friday, as signs of renewed U.S.-Iranian tensions scuttled a rally triggered by a U.S. labor report showing a strong economy despite slowing job growth in December.
Canadian prosecutors say case against Huawei CFO is about fraud, not sanctions
Huawei executive Meng Wanzhou’s conduct amounts to fraud under Canadian law and the court need not consider U.S. sanctions law, Canadian federal prosecutors argued in a court filing released on Friday.
Wall Street slips from records after jobs data, but posts weekly gains
U.S. stocks fell on Friday from record-high levels as investors took profit and data showed slower-than-expected December U.S. jobs growth, but the major indexes posted gains for the week.
FAA proposes $3.92 million fine against Southwest for alleged weight infractions
The U.S. Federal Aviation Administration (FAA) said on Friday it is seeking to impose a $3.92 million fine on Southwest Airlines Co for alleged weight infractions on 21,505 flights on 44 aircraft between May 1, 2018 and Aug. 9, 2018.
Facebook’s stock hits record high, signaling recovery after extended historic slump
Shares of Facebook , which have been doggedly crawling their way back from a historic slump after lapses in users’ privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.
Airbus net orders rise but lag behind deliveries in 2019
Airbus posted higher airplane orders for 2019 but failed to keep pace with deliveries for the second year in a row after axing its A380 superjumbo program and clearing its books of some defunct deals left over from a faltering industry order boom.
GM to revive Hummer name with electric pickups, SUVs: sources
General Motors Co will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the return with a Super Bowl ad featuring NBA star LeBron James, two people briefed on the matter said on Friday.
Alphabet legal head Drummond exits, giving its new CEO chance to shake up team
Alphabet’s new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google’s parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns about hi…
U.S. employment in the 2010s in five charts
The last U.S. employment report of the 2010s out Friday had few surprises, but it wrapped up a decade that featured some notable milestones in a job market that has changed dramatically in the space of 10 years.
Wall Street edges down after recent records, weak jobs data
U.S. stocks were down slightly in Friday afternoon trading as investors took profits after hitting record highs this week and data showed slower-than-expected December U.S. jobs growth.
