Tesla to remain public after board meets with Musk
The board of Tesla Inc said on Friday the company would remain public, following a tumultuous two weeks for the carmaker after its chief executive announced he was considering a deal to go private.
U.S. stock fund investors show no fear of King Dollar
U.S. fund investors are in no rush to shore up defenses against the strong dollar.
Fed’s Bullard warns of recession risk in raising rates
St. Louis Federal Reserve Bank President James Bullard on Friday raised new alarm bells over the U.S. central bank’s plan to keep raising interest rates, warning that even one more rate hike could set the stage for recession.
Comcast to continue offering Fox’s Big Ten Network
Comcast Corp will continue to offer 21st Century Fox Inc’s Big Ten Network, including all games on Fox’s sports channel FS1, the companies said on Friday.
S&P 500 reaches new high to clinch record bull run
The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank’s current pace of rate hikes.
Canada to rejoin NAFTA talks once U.S., Mexico resolve bilateral issues: Freeland
Mexico and the United States need to resolve complicated bilateral issues before modernization of the North American Free Trade Agreement (NAFTA) can move forward, Canadian Foreign Minister Chrystia Freeland said on Friday.
S&P 500 ends at record high, bull market label secure
The S&P 500 index notched its highest ever close on Friday, reaffirming that the bull market was intact, and now the longest running ever, after a steep sell-off seven months ago that tipped the market into a correction.
Global stocks rally after speech by Fed’s Powell, oil prices surge
Global equity markets rose on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank’s policies are best to keep the economy humming, spurring new highs on Wall Street, while oil surged on signs Iran sanctions may crimp worldwid…
Wells Fargo lays off more than 600 mortgage workers
Wells Fargo & Co is laying off more than 600 workers as it grapples with a slowdown in its mortgage business, a bank spokesman said on Friday.
Volkswagen CEO received memorandum about emissions cheating fallout: NDR
Volkswagen Chief Executive Herbert Diess was given a memorandum warning the carmaker might face legal action in the U.S. over the use of cheating software in cars just days before the scandal broke, a public broadcaster reported on Friday.
