OVERVIEW
NEWS
How is the market doing?
What's the market talking about today?
Boeing says it is addressing new 737 MAX software issue discovered in technical review
Boeing Co said on Friday it is addressing a new software issue discovered during a technical review of the proposed update to the grounded Boeing 737 MAX in Iowa last weekend.
Netflix opens Paris office, plans new French-language series
U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.
Oil steadies as Chinese economy offsets trade optimism
Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.
Wall Street hits new high as data boosts growth outlook
Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Toyota to move Tacoma truck production to Mexico from U.S.
Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.
Toyota completes $1.3 billion modernization project at Indiana facility
Toyota Motor Corp said on Friday it had invested an additional $700 million and added 150 new jobs to complete a $1.3 billion modernization program at its Princeton, Indiana factory.
U.S. housing starts at 13-year high, factory output gains
U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.
U.S. job openings post biggest drop in more than four years
U.S. job openings recorded their biggest drop in more than four years in November, while hiring increased moderately, suggesting a loss of momentum in the labor market at the tail end of 2019.
Walmart U.S. Chief Merchandising Officer Bratspies departs
Chief merchandising officer of Walmart Inc's U.S. operations, Steve Bratspies, is set to leave the big-box retailer, according to an internal memo sent on Friday.
Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere - sources
China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said.
Wall Street's trillion-dollar club dwarfs Europe Inc
With Google parent Alphabet becoming the latest entrant to Wall Street's trillion-dollar club, Europe's blue-chip companies are dwarfed by comparison -- the most valuable firm from the "old continent", Nestle, is worth just a third of that.
After India's Amazon snub, Modi's party slams Bezos-owned Washington Post
Indian Prime Minister Narendra Modi's ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even as his e-commerce firm Amazon announced plans to create a million jobs in the country by 2025.
U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports.
Mexican autoparts firms eye fast lane after U.S. backs trade deal
Mexican auto parts manufacturers with clients across North America expect a record year after U.S. approval of a trade deal mandating higher regional inputs, but the new rules pose a bigger challenge to carmakers.
Shares set fresh records, lifted by U.S. housing data
Key world equity indexes scaled new highs on Friday as the latest U.S. data - a surge in housing starts to the highest level since 2006 - drove stocks on Wall Street to records and investors away from risk-adverse assets such as the yen.
The yield curve's still weird. Fed's Bullard is okay with that
It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in the economy, a risky environment for the Fed to carry out planned rate increases.
Fed's Bullard: "Material reassessment" is "big tent language"
St. Louis Federal Reserve President James Bullard expounded on what might comprise a "material reassessment" of the economic outlook, the Treasury yield curve, the central bank's framework review and more in a Reuters interview.
Bayer could be close to Roundup settlement, mediator says
Bayer could be close to settling more than 75,000 cancer claims related to its Roundup herbicide, with mediator Ken Feinberg on Friday saying he was "cautiously optimistic that a settlement will ultimately be reached."
Facebook sued in U.S. federal court for alleged anticompetitive conduct
Four companies sued Facebook Inc in U.S. federal court on Thursday for alleged anticompetitive conduct, saying the social network inappropriately revoked developer access to its platform in order to harm prospective competitors.
Senate passes North America trade deal, Canada still to approve
The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Follow Us