U.S. Market Report: U.S. stocks edged about 0.4 percent lower on Friday as investors booked profits after a five-day rally and reset positions ahead of the earning season, which will begin with big Wall Street banks next week. Read more
North/South Americas Market Report: North and South American markets are mixed today. The Bovespa is up 0.09% while the IPC gains 0.05%. The S&P 500 is off 0.15%. Read more
European Market Report: European markets finished lower today with shares in France leading the region. The CAC 40 is down 0.51% while London's FTSE 100 is off 0.36% and Germany's DAX is lower by 0.31%. Read more
Asian Market Report: Asian markets finished higher today with shares in Japan leading the region. The Nikkei 225 is up 0.97% while China's Shanghai Composite is up 0.74% and Hong Kong's Hang Seng is up 0.41%. Read more
Why Wall Street turned its back on junk bonds Read more
The World Bank Board said Thursday it would start accepting nominations for a new leader early next month and name a replacement for outgoing-President Jim Yong Kim by mid-April. Kim announced Monday he would step down next month, less than halfway through his second five-year term. Read more
U.S. consumer prices fell for the first time in nine months in December amid a plunge in gasoline prices, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily. Read more
U.S. shutdown sends grain traders, farmers hunting for data Read more
President Donald Trump would gain line-by-line power to raise tariffs on individual products if trading partners charge higher import taxes under legislation being mulled by the White House, a move that threatens to unwind decades of global agreements. The draft "United States Reciprocal Trade Act", which some within the White House would like Trump to unveil in his State of the Union address this month, faces an uphill battle in Congress: Republicans and Democrats have been exploring how to restrain Trump's tariff powers rather than extending them. Read more
How much has the shutdown hit the US economy? Read more
General Motors Co (GM.N) executives on Friday bucked gloomy forecasts for growth and sent the automaker’s shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc (TSLA.O) in the growing electric vehicle market. Read more
Canadian cannabis company Tilray soared Friday after Privateer Holdings, the investment firm backed by Peter Thiel's Founders Fund, said it had no plans to sell its 75 million shares any time soon. Thiel, the billionaire most well-known for being the co-founder of PayPal (PYPL) and the secretive big data unicorn Palantir, first invested in Privateer in 2014 through his Founders Fund. Read more
Apple Inc (AAPL.O) considered tapping Samsung Electronics Co Ltd (005930.KS) and MediaTek Inc (2454.TW) along with existing vendor Intel Corp (INTC.O) to supply modem chips for 2019 iPhones, according to an Apple executive’s testimony at the trial between Qualcomm Inc (QCOM.O) and the U.S. Federal Trade Commission on Friday. Read more
The EU on Thursday launched an in-depth probe into Nike's tax affairs in the Netherlands, following revelations in the "Paradise Papers" scandal that exposed low tax deals for multinationals. The investigation of one of the world's most iconic brands, with its "Just Do It" moniker, follows a series of other tax probes targeting the Netherlands, including into Starbucks and Ikea. Read more
Citigroup is up first as big banks kick off fourth-quarter earnings season Read more
UK economy slows as global worries, Brexit weigh on factories Read more
Rolls-Royce Motor Cars "belongs to Britain," its chief executive said Thursday amid growing concerns over the possible impact of a no-deal Brexit on the economy. German-owned Rolls-Royce sold a record-high number of luxury vehicles last year, with purchases soaring worldwide, it announced. Read more
Leading Brexit donors say Britain will reverse decision to leave EU. Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and the United Kingdom will stay in the European Union. Read more
Virgin Atlantic buys UK airline Flybe for cut-price £2.2 million Read more
Ford is wanting to cut 370 workers at an engine plant in south Wales in a first phase of up to 1,000 job losses, BBC Wales understands. Unions have pledged to fight compulsory redundancies at the car giant's plant in Bridgend after they were briefed by Ford management on Friday. Read more
Volkswagen sold a record 10.8 million cars in 2018. Only 100,000 were electrified. The annual sales figures reported by Europe's market leader on Friday underscore the huge challenge faced by global automakers as they pour tens of billions of dollars into electric cars and related technologies. Read more
German online bank N26 said Thursday it had raised $300 million to fund its launch in the United States, which gives the firm a valuation of $2.7 billion. The fundraising round was the biggest ever for a German "fintech" or financial technology firm, business daily Handelsblatt reported. Read more
A Huawei executive has been arrested in Poland on charges of spying for China. Poland's counterintelligence service confirmed on Friday that a Chinese citizen suspected of spying had been arrested. Polish state media identified the suspect as Huawei's sales director in the country. Read more
Vodafone said Thursday it planned to cut up to 1,200 jobs in Spain as it streamlines its organisation to cope with a drop in revenue and profits in a fiercely competitive telecommunications market. In a statement, the group said it would kick off consultations with worker representatives at the end of January with a view of cutting "a maximum of 1,200" posts out of around 5,100 in Spain. Read more
Trade war making life "hell" for Chinese toymakers. The China-US trade war is weighing on a multitude of industries and economies at the start of 2019 and Chinese toymakers spoke up about their struggles as they prepared to take center stage at this week's Hong Kong Toys & Games Fair. Read more
Carlos Ghosn could spend the next year in a Tokyo jail awaiting trial after he was indicted for the second time since his arrest nearly two months ago. Japanese prosecutors indicted the former Nissan chairman on two new charges on Friday. Read more
Congo election runner-up to press fraud dispute in court Read more |