Oil slips but ends week higher on Mideast supply disruption fears
Oil prices edged lower on Friday due to demand fears amid a standoff in Sino-U.S. trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in Middle East shipments due to U.S.-Iran political tensions.
Trade talks between U.S. and China have stalled: CNBC
The trade talks between the United States and China have stalled, CNBC reported on Friday, citing sources.
Corporations, events face boycott threats over U.S. abortion laws
Companies operating in Alabama and Georgia, ranging from Toyota to Netflix, as well as an Alabama music festival faced boycott threats on Friday after the states passed near-total bans on abortion.
Wall Street mixed as strong consumer data dampened by trade jitters
Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm.
Starbucks’ China rival Luckin surges in market debut
Shares of Luckin Coffee Inc surged as much as 52.7% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in China.
Overstock CEO says he had to sell shares to supplement his pay
Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to “give such an explanation again.”
CBS made informal offer to buy Starz: The Information
CBS Corp has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment, the Information on Friday, citing four people familiar with the situation.
Global shares rocky, yuan weakens as global trade talk shakes markets
A major global stocks index fell modestly on Friday while the Chinese yuan weakened as persistent global trade tensions hovered over financial markets.
Oil slips but set for weekly gain on Mideast supply disruption fears
Oil prices edged lower on Friday, but both benchmarks were on track for a weekly gain on rising concerns over potential further supply disruptions in Middle East shipments due to U.S.-Iran political tensions.
Trade tensions keep Wall St. under pressure
U.S. stocks struggled for direction after three days of gains on Friday, as investors weighed mixed headlines on trade, with China’s aggressive stance in its trade war with the United States remaining an overhang.
