Stocks, yields tumble as trade frictions unnerve traders
A measure of stocks across the globe posted on Friday its largest weekly loss of the year while yields in U.S. and German debt were near or at multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.
S&P 500, Nasdaq close out worst week since December on trade worries
Wall Street extended its sell-off on Friday on renewed trade fears as the benchmark S&P 500 index and Nasdaq saw their worst weekly percentage plunges since December, when investors were spooked by the prospect of a looming recession.
‘Moving fast:’ Musk’s SpaceX eyes Florida for launch site for Mars rocket
Elon Musk’s SpaceX is expanding its facilities in Florida to make room for the space company’s forthcoming super heavy-lift launch vehicle dubbed Starship, according to a draft of the plans seen by Reuters on Friday.
Trump says China has to do a lot to turn things around in trade talks
President Donald Trump said on Friday China has to do a lot in order to turn things around in trade negotiations with the United States and that he can increase tariffs on Chinese goods.
China vows fight against Trump’s latest tariffs as stocks sink
China on Friday vowed to fight back against U.S. President Donald Trump’s abrupt decision to slap 10% tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce.
CBS, Viacom reach working agreement on leadership team: sources
Viacom Inc and CBS Corp have worked out a management structure in which Viacom Chief Executive Officer Robert Bakish would lead the combined company if the two entities reach a deal to merge, sources familiar with the matter said.
Wells Fargo boosts estimate for possible legal reserve shortfall to $3.9 billion
Wells Fargo & Co said on Friday that it boosted its estimate for a possible legal reserve shortfall to $3.9 billion for the quarter ending June 30, from $3.1 billion earlier this year, according to a regulatory filing.
Apple, Google pause reviewing audio recordings from voice assistants
Apple Inc and Alphabet Inc’s Google have globally suspended reviewing recordings from users interacting with their voice assistants, as concerns over data privacy mount.
U.S. shale shippers will pay surcharge for Trump steel tariffs
Plains All American Pipeline LP said on Friday it will tack on a fee for users of a new oil pipeline to pay for the cost of the Trump administration’s tariffs on imported steel, with analysts and traders calling it the first U.S. energy pipeline opera…
U.S. gives tentative approval for expanded Delta, Air France, Virgin joint venture
U.S. Transportation Secretary Elaine Chao granted tentative approval on Friday for an expanded transatlantic joint venture made up of Delta Air Lines Inc , Air France KLM SA and Virgin Atlantic.
