Citi cuts Q1 iPhone production estimates on weak demand
Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.
Wall St.’s two-day rally fades on tech, oil weakness
U.S. stocks were struggling on Friday to extend their rally to a third straight day, weighed down by a drop in the energy and technology sectors at the end of a week that has seen the market swing wildly.
Tesla names Oracle’s Ellison to board, ending U.S. charges
Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking t…
Wall St. ekes out gains despite drag from tech stocks
U.S. stocks rose on Friday, with gains in defensive sectors including consumer staples and real estate helping extend a two-day rally, although weakness in technology companies capped gains.
HKMA fines JPMorgan Hong Kong branch over anti-money laundering lapses
The Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase & Co HK$12.5 million ($1.60 million) and reprimanded it for breaching anti-money laundering and counter-terrorist financing rules.
U.S. pending home sales fall unexpectedly in November
Contracts to buy previously owned homes fell unexpectedly in November, the National Association of Realtors said on Friday, the latest sign of weakness in the U.S. housing market.
Tesla names Larry Ellison, Walgreens executive to board
Tesla Inc on Friday named two independent board directors as part of a September deal with federal regulators to move past the turbulence that followed Chief Executive Elon Musk’s tweet about taking the electric carmaker private.
Oil prices steady near 18-month lows ahead of New Year
Oil prices steadied on Friday after a week of volatile trading, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks hovered near their lowest levels in more than a year.
Dell debuts at $46 in return to market
Dell Technologies Inc shares opened at $46 on Friday, giving the computer maker a valuation of $16 billion in its return to public market, after it bought back shares tied to its interest in software maker VMware.
Wall Street opens higher as post-Christmas rally continues
U.S. stocks opened higher on Friday in broad-based gains, with technology stocks providing the biggest boost as the market rallied for the third day.
