Stocks have moved sharply lower over the course of the trading day on Friday, more than offsetting the recovery attempt seen in the previous session. With the drop, the major averages have fallen to their lowest intraday levels in over a month.
After following through on his threat to raise tariffs on billions of dollars worth of Chinese imports, President Donald Trump indicated he is not in a hurry to resolve the escalating trade dispute between the U.S. and China.
Health and Human Services Secretary Alex M. Azar announced that in support of national efforts to help prevent HIV transmission, California-based pharmaceutical company Gilead Sciences Inc. agreed to donate HIV prevention medication for up to 200,000 people in the United States each year.
Azar said as a result of discussions between the Trump Administration and Gilead Sciences Inc., Gilead has ag
With traders worried about the economic impact of an escalating trade dispute between the U.S. and China, stocks have moved mostly lower in morning trading on Friday. The major averages are extending the downward trend seen over the past several sessions.
U.K.-based travel booking platform Travala.com entered into a deal with Litecoin Foundation to accelerate the use of cryptocurrency payments. The two companies will be launching a #TravelWithLitecoin campaign that is expected to help users to save up to 40 percent on hotel bookings through Travala.com and Litecoin's LoafWallet.
Valerie Plame, the former CIA officer who was ousted as a spy by the George W. Bush administration during the Iraq War in 2003, is running for Congress to represent northern New Mexico as a Democrat.
Plame filed paperwork with the Federal Election Commission for the House seat in New Mexico's 3rd Congressional District, which is being vacated by Democratic Rep. Ben Ray Lujan.
"My career in the C
Consumer prices in the U.S. increased by slightly less than anticipated in the month April, according to a report released by the Labor Department on Friday. The Labor Department said its consumer price index rose by 0.3 percent in April.
Stocks staged a recovery attempt from an early sell-off in the previous session but are likely to move back to the downside in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 127 points.
The Central Bank of Samoa warned the people of the Pacific Island nation against investing money in cryptocurrency after the bank prohibited a controversial cryptocurrency issuer accused of running a $4 billion pyramid scheme.
CBS launched an investigation into the OneCoin Cryptocurrency Investment plan suspecting money laundering. It found that two Samoa churches have invested in the scheme.
CB
The market is patiently waiting for the outcome of the U.S. China trade talks on Friday. Labor Department's Consumer Price Index for April is the important economic data to be released on the day. There are a few fed talks also.
Asian shares finished mixed, while European shares closed positive.
Initial...
Deutsche Post DHL Group, a German package delivery and supply chain management company, reported Friday higher profit in its first quarter, driven by strong sales growth. Looking ahead, the company confirmed its earnings forecast for fiscal 2019, and projects an increase in operating profit to 3.9 billion euros to 4.3 billion euros.
WeChat, a major messaging app and payments service provider in China, revised its payment policy to stop merchants from engaging in token issuance and crypto trading activities. If violated, Tenpay, the payment platform of WeChat, said it will have the right to terminate their payment settlement services. The revised agreement will be applicable from May 31.
Viacom Inc. reported Friday a 42 percent increase in profit for the second quarter from last year as lower expenses more than offset a decline in revenues. However, adjusted earnings per share topped analysts' expectations, while quarterly revenues missed their estimates.
European stocks were moving higher on Friday as solid economic data from Germany and the U.K. helped ease concerns over growth and investors remained hopeful of a breakthrough in U.S.-China trade talks.
Investors shrugged off the U.S. decision to hike duties on $200 billion worth of Chinese products.
The...
The UK economy grew at a faster pace in the first three months of the year, in line with economists' expectations, led by a pick up in manufacturing and business investment that took place ahead of the original Brexit deadline towards the end of March. Gross domestic product grew 0.5 percent from the final three months of 2018, when it rose 0.2 percent.