Tesla to cut workforce by 7 percent, sees small fourth-quarter profit
Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent.
Netflix shares slip as weak forecast dampens investor optimism
Shares of Netflix Inc fell more than 2 percent on Friday, as several investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter.
Wall Street opens higher on trade hopes, upbeat manufacturing data
U.S. stocks opened higher on Friday and were set for their fourth week of gains on hopes that a bitter trade war between the United States and China would be resolved and after upbeat monthly manufacturing data.
Fed’s Williams says rate policy must be patient, data dependent
The U.S. Federal Reserve must be patient and guided by data when considering whether to raise interest rates, New York Fed President John Williams said on Friday, in remarks reinforcing the central bank’s commitment to a wait-and-see approach.
Daily bitcoin transactions on darknet markets doubled throughout 2018: report
Use of bitcoin as a form of payment doubled in 2018 on darknet market sites, where users can buy anything from illegal drugs to fake IDs, even though the price of the cryptocurrency crashed, according to a study by data firm Chainalysis.
U.S. manufacturing output posts biggest gain in 10 months
U.S. manufacturing output increased by the most in 10 months in December, boosted by a surge in the production of motor vehicles and a range of other goods, which could allay fears of a sharp slowdown in factory activity.
Schlumberger revenue beats, sees international growth in 2019
Schlumberger NV on Friday reported quarterly revenue that topped estimates and forecast single-digit growth in international markets this year even as crude prices have tumbled roughly 30 percent since October.
Tiffany holiday sales fall as Chinese tourists spend less
Tiffany & Co tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home.
U.S. crude gains, slowing global economy challenge oil market in 2019: IEA
U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC’s resolve to support the market with output cuts, the International Energy Agency said on Friday.
CVS, Walmart resolve pharmacy contract impasse
Walmart Inc , the world’s largest retailer, will remain part of CVS Health Corp’s network for commercial and Medicaid pharmacy customers, the companies said on Friday, breaking a contract impasse disclosed earlier this week.
