Dollar index records smallest ever annual move in 2019
The U.S. dollar index recorded its smallest-ever annual move in 2019, up just 0.24% for the year after a drop in December reversed early gains as trade hopes and investor confidence diminished demand for the safe-haven asset.
Tesla must face lawsuit claiming racism at California factory
A federal judge rejected Tesla Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial.
Wall Street inches lower as year-end record rally cools off
Wall Street dipped in thin trading on the last day of the decade as a year-end rally powered by optimism around trade and an improving global outlook fizzled out, though the S&P 500 was still on course for its best year since 2013.
Hudson’s Bay chairman considers sweetened bid for retailer
Hudson’s Bay Co Chairman Richard Baker and his partners have approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid, a source familiar with the matter said on Tuesday.
Factbox: Carlos Ghosn joins list of execs fighting extradition
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a “rigged” justice system in Japan, where he believed he would not get a fair trial.
Wall St. dips as year-end record rally cools off
Wall Street dipped in thin trading on the last day of the decade as a year-end rally powered by optimism around trade and a brightening global outlook fizzled out, though the S&P 500 was still on course for its best year since 2013.
Stocks end 2019 near record highs, dollar slides
The dollar slid to a six-month low on Monday as progress on U.S.-China trade tensions led investors to higher-risk assets, while a year-end rally that pushed global equity markets to record highs petered out on the last trading day of the year.
Google to end ‘Double Irish, Dutch sandwich’ tax scheme
Google parent Alphabet will no longer use an intellectual property licensing scheme, known as the “Double Irish, Dutch sandwich”, which allowed it to delay paying U.S. taxes, 2018 tax filings show.
Optimism on trade and global growth knock dollar
The euro, the pound and a clutch of trade-sensitive currencies rallied as the dollar slid to a six-month low on Tuesday, as investor confidence in global growth prospects and the Phase 1 U.S.-China trade deal spurred a risk-on move.
Ghosn says he escaped ‘injustice’ in Japan; Lebanon calls arrival a private matter
Ousted Nissan boss Carlos Ghosn said on Tuesday he had fled to Lebanon to escape a “rigged” justice system in Japan, raising questions about how one of the world’s most-recognized executives had slipped away while on bail.
