Oil rises in session, but has weekly loss on trade worries
Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil.
Brazil’s Marfrig to sell U.S. unit to Tyson for $2.5 billion: sources
Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald’s supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter told Reuters on Friday.
Kill quarterly reporting? Some investors ring alarm bells
Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.
Global stocks edge higher as Turkey worries offset U.S.-China trade talks
NEW YORK – Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.
Wall Street surges on news of trade progress
The S&P 500 and the Dow Jones Industrial average extended earlier gains and the Nasdaq turned positive on Friday on reports of potential progress in easing trade tensions between the United States and its trading partners.
Goldman faces U.K. probe over reporting practices: Bloomberg
Goldman Sachs Group Inc is facing a probe from U.K. regulators over its reporting practices tied to new rules in European markets, Bloomberg reported on Friday, citing people with knowledge of the matter.
Nasdaq hit as chip stocks fall; defensive sectors prop up Dow, S&P
Weak forecasts from Nvidia and Applied Materials hit chipmakers and dragged the Nasdaq lower on Friday, while the S&P 500 and Dow Industrials were kept afloat by gains in the defensive sectors such as telecoms and consumer staples.
Investors query funding costs at a private Tesla
Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.
Trump backs CEOs, proposes easing corporate reporting rules
U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often compan…
It will be tough for Trump’s SEC to overhaul reporting rules
U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.
