Markets

Markets Wall St. ends at record high amid trade optimism
Author: 0 Wall St. ends at record high amid trade optimism

Investors have been encouraged by plans for an interim U.S. Stocks moved broadly higher Thursday, nudging the major indexes further into record territory. Tokyo's Nikkei 225 lost 0.2% to 23,792.34 while the Shanghai Composite Index was up less than 1 off 2 points at 2,983.13. Prices for the 10-Year U.S.

Markets California unemployment rate held at record low in November
Author: 0 California unemployment rate held at record low in November

Santa Barbara County's unemployment rate was 3.1 percent in November, up slightly from 3.0 percent in October. The preliminary November 2019 jobless rate was up 0.1% from the 4.3% recorded for the state in November 2018. The three industry sectors that posted losses were retail trade down 400 jobs, information down 200 jobs and transportation, warehousing and utilities down 100 jobs.

Markets Trump has 'good talk' with Xi on trade
Author: 0 Trump has 'good talk' with Xi on trade

Some details are starting to emerge on how China would increase imports from the U.S.by as much as $200 billion over the next two years. He expects a deal to be signed in early January. China and the United States have agreed on the text of a phase-one economic and trade agreement based on the principle of equality and mutual respect.

Markets US Stocks Hit New Highs as Risk-On Rally Continues
Author: 0 US Stocks Hit New Highs as Risk-On Rally Continues

Xi stressed the phase one economic and trade deal between China and the United States benefits both sides and the whole world, and noted that the two countries reached the phase one agreement on the basis of the principle of equality and mutual respect.

Markets Ford to add 3000 jobs in the Detroit area, invest $1.45B
Author: 0 Ford to add 3000 jobs in the Detroit area, invest $1.45B

Over the next three years, the Blue Oval is investing $ 750 million and adding 2,700 new jobs to the Wayne facility to build the Bronco , an all-new medium-sized Ranger pick-up and a modification center to support autonomous vehicles. The investment will add 3,000 new jobs and supports the company's expansion into electric and autonomous vehicles. The facility will be equipped with new equipment to support the production of Ford's re-release of the Bronco in the spring of 2020, as well as ...

Markets Wall Street continues to push higher led by Communication Services
Author: 0 Wall Street continues to push higher led by Communication Services

The broad-based S&P 500 was up a hair at 3,192.52, while the tech-rich Nasdaq Composite Index advanced 0.1 per cent to 8,823.36. With less than three weeks left in 2019, the index is up 27.4% for the year. The data published by the Federal Reserve on Tuesday showed that both Industrial Production and Manufacturing Production in the U.S. expanded at a more robust pace than expected in November to ease concerns over a protracted weakness in the manufacturing sector.

Markets China welcomes preliminary deal in trade war it blames on US
Author: 0 China welcomes preliminary deal in trade war it blames on US

His comments came after US President Donald Trump tweeted on Friday that a "very large phase one deal with China " had been clinched and that under the accord, Beijing will be required to make "many structural changes and massive purchases of agricultural product, energy, and manufactured goods, plus much more" from the US.

Markets Boeing will suspend 737 MAX output in January
Author: 0 Boeing will suspend 737 MAX output in January

The nation's top aviation regulator recently told Congress that Boeing's 737 Max would not fly again until he personally pilots the craft grounded for nine months after two deadly crashes . The timing of regulatory approval for the Max's return is uncertain, with Boeing's relationship with the U.S. Federal Aviation Administration in tatters after a rare public admonishment last week by the regulator.

Markets U.S. and China wave white flags, hit pause button on trade war
Author: 0 U.S. and China wave white flags, hit pause button on trade war

The United States and China on Friday announced a "Phase One" deal that would prevent an immediate escalation of the trade war between the two largest global economies. The announcement came two days before $160 billion in new USA levies on Chinese products were set to take effect. Trump had also threatened to impose 15 percent levies on items worth an additional $160 billion on Sunday, which, if implemented as planned, would have seen almost all imports from China taxed.

Markets Oil prices fall as US crude stocks jump
Author: 0 Oil prices fall as US crude stocks jump

While Chinese officials expect President Donald Trump to delay a threatened tariff increase, the USA has so far not sent a clear signal on its willingness to delay penalties comprising some $160 billion of imports from China . Iran, once the third-largest producer before the USA sanctions kicked in, saw its production drop by another 45,000 bpd to average just 2.102 million bpd.

Markets Company surprises its 198 employees with $10 million bonus
Author: 0 Company surprises its 198 employees with $10 million bonus

I don't even have words to properly describe how I felt, it was just awesome and incredible. " I in shock, very grateful ". "I heard over and over again that night that this was a life-changing event". Some were brought to tears when they found out what their bonus was. "People are now debt-free, they're paying off their credit cards, their mortgages, their tuition and student loans".

Markets U.S. job growth surges in November, with 266,000 added
Author: 0 U.S. job growth surges in November, with 266,000 added

But the job increases were widespread across the United States economy . That pares the total number of jobs added this year to around 285,100. "The upbeat data reinforces the strength of both the labour market and consumer confidence, despite slowing global growth and continued trade uncertainty".

Markets Uber's s Shares Tank As Company Reports 6,000 Sexual Assaults
Author: 0 Uber's s Shares Tank As Company Reports 6,000 Sexual Assaults

Uber operates in about 70 countries and said that it would use what it had learned in producing the USA report for its "next steps" in other places, although it did not commit to creating new reports. It also comes against the backdrop of the company's quest to regain public trust under CEO Dara Khosrowshahi, following a series of scandals under previous leadership.

Markets Marathon OPEC meeting breaks up without agreement
Author: 0 Marathon OPEC meeting breaks up without agreement

OPEC's effort to deepen cuts and increase member compliance was also driven by the group's de facto leader Saudi Arabia's hopes to see higher oil prices to support its budget and initial public offering (IPO) of state-owned Saudi Aramco .

Markets Asian stocks inch up on trade outlook but markets remain wary
Author: 0 Asian stocks inch up on trade outlook but markets remain wary

In London for the 70th anniversary of the North Atlantic Treaty Organization ( NATO ), Trump said he had "no deadline" to conclude trade talks with China. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin. But he warned of forces he said were trying to drive a wedge between the two, without providing any details.

Markets OPEC nations grapple with oversupply of oil
Author: 0 OPEC nations grapple with oversupply of oil

WTI and Brent crude oil futures are extending their gains after the EIA reported a 4.9 million barrel draw down. West Texas Intermediate, the benchmark United States crude, was trading at around $ 56 on Wednesday afternoon, and its price followed a similar course throughout the year.

Markets Riot Games Pays $10 Million Settlement Over Gender Discrimination Lawsuit
Author: 0 Riot Games Pays $10 Million Settlement Over Gender Discrimination Lawsuit

They could not show any details at that time, but this time it seems the matter has come to light. The plaintiffs and Riot Games have agreed to this decision, but the court will have the final say. Full-time executives are likewise getting more cash than contractual workers. Recently, there have been lawsuits alleging discrimination and sexism, which Riot has moved to block due to a waiver found in most employee contracts.

Markets Primed to retaliate with European Union over US tariff threat against Paris
Author: 0 Primed to retaliate with European Union over US tariff threat against Paris

French Economy Minister Bruno Le Maire on Tuesday promised a "strong" European Union response to threatened United States tariffs on French goods, as another front split open in the U.S. His government is trying to use France's national tax as a bargaining chip, saying it would withdraw it if there is agreement on an global solution - in talks under the stewardship of the Organization for Economic Cooperation and Development.