SEC probes NYSE listings of companies including Slack: WSJ
The U.S. Securities and Exchange Commission (SEC) is probing the listings of Slack Technologies Inc and other unicorns on the New York Stock Exchange, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Wall Street hits highs on trade progress optimism
U.S. stocks hit record closing highs again on Friday and the S&P 500 registered its biggest weekly percentage gain since early September after data showed a rise in consumer spending and investors continued to be optimistic over progress in the U.S.-China trade war.
Testimony ends in T-Mobile-Sprint merger trial in New York
Testimony ended on Friday in a lawsuit by a group of states led by New York and California seeking to block the merger of Sprint Corp and T-Mobile US Inc, moving the trial a step closer to having a U.S. judge rule on whether the deal violates federal a…
JPMorgan pressed by Senate Democrats on racial discrimination reports
A group of five U.S. senators sent a letter on Thursday to JPMorgan Chase & Co., asking it to explain what it was doing to address what they described as “a troubling list of discriminatory practices” related to race.
Amazon to raise U.S. fulfillment fees 3 percent for merchants next year
Amazon.com Inc plans to raise the fees it charges merchants for warehousing and shipping their goods in the United States by an average 3% next year, the company said Friday, as it faces higher costs from infrastructure and programs such as one-day del…
Alphabet grants Pichai largest ever stock award, again
Alphabet Inc’s newly instated Chief Executive Officer Sundar Pichai would receive a hefty $240 million in performance-based stock awards over the next three years, the highest ever promised to any executive of the search giant.
U.S. Steel says to lay off 1,545 workers in Michigan
United States Steel Corp plans to lay off as many as 1,545 workers at its Great Lakes Works facility in the electoral swing state of Michigan following its decision to indefinitely idle a “significant” portion of the facility.
Oil prices sink but on track for third weekly rise on trade hopes
Oil fell on Friday, but prices were set for a third straight weekly gain amid the easing of U.S.-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth.
U.S. consumers put economy on moderate growth path in third quarter
U.S. economic growth nudged up in the third quarter and the economy appears to have maintained the moderate pace of expansion as the year ended, supported by a strong labor market.
The best year financial markets have ever had?
For all the angst about trade wars, geopolitics and a sputtering and overly indebted global economy, 2019 might just be the best year investors have ever had.
