Investors eye holiday sales for market salve
Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks.
U.S. manufacturing production increases; headwinds growing
U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019.
Airbus, Dassault finalizing bid for early work on new fighter jet
Airbus and France’s Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter.
PG&E options traders bet stock not out of the woods yet
The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider’s options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term.
Fed officials’ caution weakens dollar, sterling rebounds
The dollar fell broadly on Friday in the wake of cautious comments from two U.S. Federal Reserve officials about global economic growth, while sterling rose following losses tied to fears about a Brexit deal.
UBS lures more money from U.S. super rich to Switzerland
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters.
Delta orders 10 A330neo in boost to Airbus’ slow-selling jet
U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, becoming the first U.S. airline to operate the next-generation of Airbus aircraft and giving a boost to the slow-selling European model.
Dollar, U.S. yields fall on Fed comments; Brexit casts shadow
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets.
Tesla starts taking Model 3 orders in China
Tesla Inc has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153.60), according to the electric carmaker’s China website https://www.tesla.cn/model3/reserve.
PG&E shares, debt recover as regulator eases bankruptcy fears
Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California’s deadly wildfires were eased by signs of support for the company from one regulator.
