Flattening U.S. yield curve in late 2018 ‘flashing red’ on economy: Fed’s Williams
A flattening U.S. yield curve in December, which was close to being inverted, was “flashing red” about a deceleration in U.S. economic growth heading into 2019, despite some solid data at the time, New York Federal Reserve President John Williams said …
FCA sets $14 million annual target compensation for CEO Manley: filing
Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for Chief Executive Officer Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker said in a regulatory filing on Friday.
Twitter co-founder Evan Williams steps down from board
Twitter Inc said on Friday one of its co-founders, Evan Williams, will be stepping down as a member of its board at the end of the month.
U.S.-China trade hopes lift stocks; oil hits three-month high
Stocks rose in major markets across the world on Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.
Brazil court suspends Embraer-Boeing tie-up negotiations: document
A Brazilian federal court on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.
Newmont says aware of Barrick’s buyout talk but will not comment
Newmont Mining Corp said on Friday it was aware that Canadian rival Barrick Gold Corp said it had studied an unsolicited buyout proposal for the company, a deal that would, if consummated, bring together two of the world’s leading gold producers.
S&P 500 posts highest close since November 8 on trade optimism
The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.
NY governor orders probe into Facebook access to data from other apps
New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data.
Trump says inclined to extend trade deadline, to meet China’s Xi soon
U.S. President Donald Trump said on Friday that there was a very good chance the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 deadline to reach an agreement.
Trump’s economy ‘a little under’ 3 percent growth goal: Fed
The Trump administration will fall “a little under” its target of 3 percent annual growth of gross domestic product for 2018, the Federal Reserve said Friday in a report that offers an economic scorecard of sorts for the first full year of President Do…
