PepsiCo says investments to drive sales will dent profit this year
PepsiCo Inc said on Friday increased investments in advertising and products aimed at boosting sales growth would lead to a fall in profit this year.
Progress in U.S.-China trade talks sparks world stock rally
Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds.
U.S. factory output drops, autos fall the most since recession
U.S. manufacturing output fell steeply in January as motor vehicle production posted its biggest fall since 2009, with declines in a broad range of goods likely to fuel fears of a sharp slowdown in factory activity.
Nvidia forecasts demand rebound, Wall Street not so sure
Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade…
Wall Street gains as U.S.-China trade talks advance
U.S. stocks gained on Friday, led by a bounce in shares of financials, as investors were optimistic about the ongoing trade talks to resolve a bruising tariff dispute between the United States and China.
TSX opens higher as rising oil prices lift energy shares
Canada’s main stock index rose at the open on Friday, as energy stocks climbed on the back of higher oil prices, with upbeat earnings from Enbridge Inc also offering support.
Electric truck startup Rivian gets funding from Amazon
U.S. electric pickup truck maker Rivian Automotive LLC on Friday announced an equity investment of $700 million, led by Amazon.com Inc.
U.S. manufacturing output drops by most in eight months
U.S. manufacturing output posted its steepest fall in eight months in January, dragged down by declines in a broad range of goods that could fuel fears of a sharp slowdown in factory activity.
Factories to test world’s ‘delicate equilibrium’
The world economy is caught in a “delicate equilibrium” between stabilization and a further downturn, according to Bank of England Governor Mark Carney, and that balance could look even shakier over the next few days.
Weak U.S. import prices support tame inflation picture
U.S. import prices fell for a third straight month in January, leading to the largest annual drop in nearly 2-1/2 years, the latest indication of tame inflation pressures.
