Trade progress, consumer spending propel Wall Street to fresh highs
The S&P 500 hit a record high for the seventh straight session on Friday, its longest in over two years, as investor sentiment improved on progress in U.S.-China trade relations and strength in domestic consumer spending.
Tesla shares inch closer to Musk’s $420 take-private offer
Shares of Tesla Inc hit a fresh record high for the third straight session on Friday, and were just $7 shy from the $420 per share price at which founder Elon Musk sought to take the electric carmaker private more than a year ago.
France fines Google 150 million euros for opaque advertising rules
France’s competition watchdog fined Google 150 million euros ($167 million) on Friday for abusing its power over the treatment of advertisers, saying it applied opaque rules and changed them at will.
United cancels 737 MAX flights into June as Spirit AeroSystems to freeze parts production
United Airlines Co is extending its cancellations of Boeing 737 MAX flights until June 4 as Boeing’s top supplier, Spirit AeroSystems Inc, said it would stop making fuselages for the grounded jets.
Fiat Chrysler unions received assurances on jobs, investment after merger
Unions at carmaker Fiat Chrysler said management had given assurances at a meeting on Friday on jobs and a 5 billion euro ($5.54 billion) investment plan in Italy following the group’s planned merger with French rival PSA .
Oil falls but on track for third weekly rise on trade hopes
Oil was down about 1% on Friday, but prices were set for a third straight weekly gain amid the easing of U.S.-China trade tensions, which has boosted business confidence and the outlook for global economic growth.
Wall Street rides trade optimism, healthy consumer spending to record highs
The S&P 500 extended its run of record highs for the seventh straight session on Friday, its longest streak in over two years, as investor optimism continued on improving U.S.-China trade relations and strength in domestic consumer spending.
United Airlines pulls Boeing 737 MAX jets until early June
United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights from early March until June 4, the longest that any U.S. carrier is scheduling without the grounded aircraft.
Stocks extend record rally, sterling endures rough week
A year-end rally in global equity markets extended gains on Friday, helped by data showing relatively strong U.S. growth, while sterling posted its worst week in more than two years on concerns over how Britain will leave the European Union.
FCA sticks to investment plan for Italy, no redundancies: unions
Fiat Chrysler will stick to its 5 billion euro ($5.5 billion) 2020 investment plan for Italy, union officials said on Friday, adding that the group had confirmed a pledge to get all employees off furlough arrangements and back to work by 2022.
