November 16, 2018

Oil edges up in volatile session but headed for weekly loss

Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output […]
November 16, 2018

Dollar, U.S. yields slide on Fed official’s rate comments

The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, […]
November 16, 2018

Viacom sets Netflix deal that augurs future strategy

Viacom Inc on Friday announced a multi-picture deal with Netflix , and promised to make more films and TV shows for other companies, further signaling that […]
November 16, 2018

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 […]
November 16, 2018

Wall Street opens lower as Nvidia hammers tech stocks

U.S. stocks opened lower on Friday, as technology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials. Powered by WPeMatico
November 16, 2018

PG&E shares jump 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 […]
November 16, 2018

U.S. manufacturing production rises steadily in October

U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory […]
November 16, 2018

VW embarks on $50 billion electrification plan

Volkswagen plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, […]
November 16, 2018

Europe battles Brexit blues, Wall Street faces tech stress

European stocks slipped again, and sterling and the euro remained volatile on Friday, as one of the most dramatic twists yet in the Brexit process compounded […]
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