Strong U.S. job growth expected in September; wages seen rising
The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 percent, signaling a further tightening in labor market conditions.
Oil prices rise ahead of U.S. Iran sanctions, but outlook for 2019 less certain
Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran’s crude exports that are set to start next month to tighten global markets.
Rising U.S. bond yields hit global markets, Asian stocks wobble
Asian shares wobbled on Friday after benchmark U.S. Treasury yields surged to a fresh seven-year high and strong economic data fanned concerns about the risk of faster-than-expected interest rate rises.
Samsung third-quarter profit likely hit record high but chip price falls cast shadow
Samsung Electronics Co Ltd said quarterly operating profit likely surged by a fifth to a record high, with its chip unit bolstered by robust demand from data centers and gains in production yields.
Oil prices rise as U.S. sanctions against Iran’s crude exports loom
Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran’s crude exports that are set to start next month to tighten global markets.
Rising U.S. bond yields hit global markets, Asian stocks fragile
Asian shares were fragile on Friday after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises.
Oil prices rise ahead of November U.S. sanctions against Iran crude exports
Oil prices rose on Friday, lifted by looming U.S. sanctions against Iran’s crude exports that are set to start next month.
Snap to bet on older users, revamped marketing for profitability in 2019: Cheddar
Snap Inc’s Chief Executive Evan Spiegel has set a goal to achieve full-year profitability in 2019 and outlined a new set of strategic goals, online news service Cheddar reported on Thursday, citing a memo.
Samsung Electronics says third-quarter operating profit likely climbed by a fifth to record
Samsung Electronics Co Ltd on Friday said its third-quarter operating profit likely jumped by a fifth to a record high, in line with market expectations, on demand from data centers and improved production yields.
Costco barely beats sales estimates, gross margins weigh
Costco Wholesale Corp’s quarterly sales barely beat analysts’ estimates on Thursday as growth in online business decelerated to its slowest in the year amid intense competition, while gross margins fell on rising costs and higher investments.
