• Oil slips on falling U.S. equity market, weak China economic data
    Reuters3 minutes ago

    Oil slips on falling U.S. equity market, weak China economic data

    NEW YORK (Reuters) - Oil prices dropped more than one percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.

  • Investing.com4 minutes ago

    Stellar Falls 10% In Bearish Trade

    Investing.com - Stellar was trading at $0.10089 by 10:55 (15:55 GMT) on the Investing.com Index on Friday, down 10.13% on the day. It was the largest one-day percentage loss since December 6.

  • EU leaders agree small steps to buttress euro
    Associated Press6 minutes ago

    EU leaders agree small steps to buttress euro

    European leaders agreed Friday to press ahead with a limited, common eurozone budget and other steps to strengthen the currency union's resistance to downturns and crises. The budget proposal leaves its size undefined and it appeared to fall short of more sweeping ideas pushed by French President

  • Facebook's lead EU regulator opens probe into data breach
    Reuters6 minutes ago

    Facebook's lead EU regulator opens probe into data breach

    Facebook's lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Friday began an investigation into a number of breach notifications received from the social networking site. "The Irish DPC has received a number of breach notifications from Facebook since the

  • Canada slams China detentions; foreign minister to press Pompeo
    Reuters10 minutes ago

    Canada slams China detentions; foreign minister to press Pompeo

    OTTAWA/WASHINGTON (Reuters) - Canadian Prime Minister Justin Trudeau on Friday said China's detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate. China detained the two after Canadian authorities arrested a top Chinese

  • UN envoy calls for 'robust monitoring regime' in Yemen
    AFP News14 minutes ago

    UN envoy calls for 'robust monitoring regime' in Yemen

    UN special envoy Martin Griffiths on Friday called for the urgent creation of a strong monitoring mechanism in war-ravaged Yemen, one day after fighting parties agreed to a ceasefire at a vital port. It is also urgently needed," Griffiths told the UN Security Council, adding that "allowing

  • Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 bln
    Reuters15 minutes ago

    Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 bln

    Banco Espirito Santo's former finance director is suing the Bank of Portugal and KPMG, demanding they pay the state 4.3 billion euros ($4.9 billion) for allegedly falsifying its accounts before the bank's 2014 collapse. Amilcar Morais Pires filed the lawsuit at the Lisbon Administrative Court

  • Deutsche Telekom reviews Huawei ties; Orange says no on 5G
    Reuters17 minutes ago

    Deutsche Telekom reviews Huawei ties; Orange says no on 5G

    FRANKFURT/PARIS (Reuters) - Huawei faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France. The shift by the national market leaders, both partly

  • Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers
    CCN23 minutes ago

    Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

    Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks — the ones that result in irreversible network splits and create new blockchains — were a net positive for their portfolios. “How could they not be?” they asked. “It’s free money!

  • The debt threat: Business debt, and worries about it, are up
    Associated Press23 minutes ago

    The debt threat: Business debt, and worries about it, are up

    There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back stock, acquire other businesses and refinance old debt. U.S. corporate debt has grown by nearly two-thirds since 2008

  • Investing.com24 minutes ago

    Gold Inches Down as Traders Turn to U.S. Dollar

    Gold prices continued to fall on Friday, as demand for the U.S. dollar rose after upbeat retail sales alleviated fears of a slowing economy. Comex gold futures for February delivery slumped 0.6% to $1,239.50 a troy ounce as of 10:36 AM ET (15:36 GMT). The U.S. dollar index, which measures the greenback

  • Euro zone takes step to deeper integration, key issues unresolved
    Reuters25 minutes ago

    Euro zone takes step to deeper integration, key issues unresolved

    European Union leaders took a step towards deeper euro zone integration on Friday to help prevent future crises, but deep disagreement left key issues like a euro zone budget and a deposit guarantee scheme unresolved. Leaders of all EU countries except Britain, which is to leave the bloc in March, endorsed

  • J&J shares nosedive on report company knew of asbestos in baby powder
    Reuters26 minutes ago

    J&J shares nosedive on report company knew of asbestos in baby powder

    The decline in shares erased about $47 billion from the company's market capitalization with investors worrying about the fallout of the report as it faces thousands of talc-related lawsuits. "It is not surprising that an article from Reuters outlining years of potential knowledge regarding

  • Adobe trades lower on concerns over Marketo acquisition
    CNBC30 minutes ago

    Adobe trades lower on concerns over Marketo acquisition

    Notwithstanding the recent Marketo acquisition, Adobe's fourth-quarter earnings report surpassed analysts' estimates.

  • Stocks tumble as growth concerns linger
    Yahoo Finance30 minutes ago

    Stocks tumble as growth concerns linger

    U.S. equities fell along with global stocks on Friday, rounding out a week of choppy trading.

  • Reuters32 minutes ago

    China to halt added tariffs on U.S.-made cars in easing of trade tensions

    BEIJING/WASHINGTON (Reuters) - China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies. The Ministry of Finance, in a

  • US, Canada hold high-stakes talks amid turmoil with China
    Associated Press33 minutes ago

    US, Canada hold high-stakes talks amid turmoil with China

    The U.S. and Canada began high-stakes talks on Friday amid an escalating dispute with China that threatens to further complicate ties between the North American neighbors. Secretary of State Mike Pompeo and Defense Secretary Jim Mattis were meeting their Canadian counterparts for discussions expected

  • Ex-personal lawyer says Trump knew of hush payments: ABC News
    Reuters35 minutes ago

    Ex-personal lawyer says Trump knew of hush payments: ABC News

    "He directed me to make the payments. Cohen was sentenced to three years in prison this week on multiple charges, some related to the payments made to porn star Stormy Daniels and former Playboy model Karen McDougal, who both claim they had sexual affairs years ago with Trump. Asked if then-candidate

  • 2019 may be the year health tech comes of age, PwC says
    CNBC16 minutes ago

    2019 may be the year health tech comes of age, PwC says

    CNBC's Bertha Coombs evaluates the outlook for the health-care industry next year.

  • Wall Street drops on global growth fears; J&J tumbles on Reuters report
    Reuters36 minutes ago

    Wall Street drops on global growth fears; J&J tumbles on Reuters report

    The stock was the biggest drag on the S&P 500 and the Dow Industrials. The technology index, which includes a number of companies with global operations, especially China, dropped 1.31 percent. Sentiment was weak from the start after China reported weak monthly retail sales growth and industrial output

  • Ousted Nissan boss' daughter takes documents, cash from apartment
    Reuters36 minutes ago

    Ousted Nissan boss' daughter takes documents, cash from apartment

    SAO PAULO/TOKYO (Reuters) - The daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing. The midnight visit by Ghosn

  • ISS Commander: Bezos will have a bigger impact on space t...
    CNBC11 minutes ago

    ISS Commander: Bezos will have a bigger impact on space t...

    Former International Space Station Commander and NASA Astronaut Terry Virts discusses why he thinks Jeff Bezos has the greatest potential impact on humanity's exploration of outer space, compared with Elon Musk and Richard Branson.

  • CNBC39 minutes ago

    Smithsonian Museum of American History names first woman director in its 54-year history

    The Smithsonian Museum of American History has named the first woman director in its 54-year history. Anthea M. Hartig was previously chief executive of the California Historical Society.

  • Reuters40 minutes ago

    Tesla cuts China prices after tariff drop on U.S.-made cars

    BEIJING (Reuters) - Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars.

  • China to halt added tariffs on U.S.-made cars in easing of trade tensions
    Reuters42 minutes ago

    China to halt added tariffs on U.S.-made cars in easing of trade tensions

    BEIJING/WASHINGTON (Reuters) - China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies. The Ministry of Finance, in a