Stocks up on hopes of U.S. shutdown end, yields follow
Wall Street indexes rallied and bond yields followed stocks higher on Friday on hopes U.S. lawmakers would reach an agreement to end the longest government shutdown in history.
Canada union calls for boycott of GM Mexico-made vehicles
The union representing autoworkers at General Motors’ Oshawa, Ontario plant called on Canadian and U.S. consumers on Friday to stop buying GM cars made in Mexico, the latest tactic in its campaign to get the automaker back to the bargaining table.
Wall Street surges on upbeat earnings, hopes of end to government shutdown
U.S. stocks surged on Friday, as upbeat earnings reports helped investors put aside growth worries and hopes of a resolution to the lengthy U.S. government shutdown added to optimism.
Homebuilder Horton hopes for better spring as higher prices bite
D.R. Horton Inc held out hope on Friday of improved demand for its homes in the spring selling season after a tough few months where higher prices and mortgage rates kept some buyers out of the market.
Exclusive: Naspers in talks to up stake in Russian classifieds website Avito
South African media and e-commerce Naspers said it was in talks to increase its stake in Avito, confirming a Reuters report that the group was close to taking control of Russia’s largest classified advertising platform.
China and U.S. among 76 WTO members pushing for new e-commerce rules
Impatient with a lack of World Trade Organization rules on the explosive growth of e-commerce, 76 members – including the United States, China, the European Union and Japan – agreed on Friday to start negotiating a new framework.
Oil up on Venezuela turmoil despite surging U.S. supply
Oil prices rose on Friday as political turmoil in Venezuela threatened to reduce supply but fresh data on surging U.S. fuel stocks and global economic woes weighed on sentiment.
As government shutdown drags on, shares of subprime lenders rally
Payday lenders’ stocks have emerged as big winners during the record-long U.S. government shutdown, though the updraft could prove short-lived.
Canada auto union head calls on GM to extend Oshawa plant production
The Canadian union representing autoworkers at General Motors’ Oshawa, Ontario plant on Friday called on the U.S. automaker to extend production at the site to September 2020 and return to the negotiating table.
Earnings optimism pushes Wall Street higher
U.S. stocks rose on Friday, with technology and consumer discretionary sectors leading a rally, as upbeat earnings reports helped investors overlook trade and growth worries.
