Take Five: The burning bush
A swathe of Australia the size of South Korea is being razed by fire. The toll so far: 27 lives, more than 1,800 homes, a billion animals. But that’s probably a fraction of the eventual costs. Analysts who have done the sums expect a drag as much as 0….
Stock Futures hold gains after December jobs report
U.S. stocks futures held on to their gains on Friday after job growth slowed more than expected in December, but the pace of hiring remains more than enough to keep the longest economic expansion in history humming along.
U.S. job growth slows in December; unemployment rate steady at 3.5%
U.S. job growth slowed more than expected in December, but the pace of hiring remains more than enough to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes.
Mediaset approves changes to keep pan-European TV plan afloat
Italy’s Mediaset on Friday won shareholder approval for governance tweaks needed to smooth a pan-European expansion plan despite opposition from its second-biggest investor Vivendi, which is fighting the project in court.
Stocks march back to record highs as Middle East tensions ease
World stocks set new record highs on Friday and the prices of safe-haven assets such as gold pulled back as investors cheered an apparent de-escalation in U.S.-Iran tensions and looked instead toward prospects of improved global growth.
Stock Futures firm ahead of key jobs report
U.S. stock index futures rose on Friday, helped by gains in high-growth technology names including Apple, while investors turned to the closely watched jobs report for confirmation that the world’s largest economy remains healthy.
China’s Ctrip in talks with banks to follow Alibaba with HK listing: sources
U.S.-listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China.
Oil edges above $65 as Middle East concerns support
Oil edged further above $65 a barrel on Friday as concerns about a possible renewed spike in Middle East tensions outweighed rising U.S. inventories and other signs of ample supply.
As U.S. election heats up, investors brace for volatility
A U.S. stock market that has weathered trade wars, weak corporate earnings, and now a U.S.-Iran conflict to continually hit record highs faces a new obstacle: the 2020 U.S. election season.
Soaring SUV sales keep carmakers on collision course with climate policy
Soaring demand for SUVs drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles.
