NEW YORK (Reuters) – What do you do when daily stock market gyrations all but dry up? Apparently, trade volatility like never before. Among the myriad Wall Street legacies of the soon-ending 2010s has been the emergence of market volatility – or the magnitude of security price swings over short time spans – as an […]
A newly approved Chinese drug for Alzheimer’s will start clinical trials in the United States and Europe next year as the country’s first novel therapy for the incurable disease seeks global legitimacy. Shanghai Green Valley Pharmaceutical plans to recruit around 2,046 patients with mild-to-moderate Alzheimer’s for trials at 200 sites across North America, Europe and […]
The finance boss of Domino’s Pizza, David Bauernfeind, has died in an apparent drowning tragedy in Mauritius. The 51-year old executive was enjoying a Christmas break with his family when his body was discovered in a lagoon off Belle-Mare on Boxing Day. He had gone snorkelling and is believed to have got into difficulties in […]
NEW YORK (Reuters) – Global equity markets scaled fresh records in a year-end rally on Friday as upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent bolstered global growth prospects, but the dollar weakened as risk appetite increased. Wall Street opened to new all-time highs and European shares rose to a third […]
Officer Green wanted her vanilla latte piping hot. “With vanilla on top, not a lot, just a drizzle, and very hot, don’t make it warm,” she shouted to Eddie Rodriguez, who was taking orders. He nodded and wrote Green on the side of a cup. “Don’t worry, I got ya. Extra hot for Officer Green.” […]
(Reuters) – Tesla Inc (TSLA.O) entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday. The electric car maker said it has also signed agreements for an unsecured revolving loan facility of up to 2.25 billion yuan, […]
(Reuters) – The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled robust online holiday sales. Traders returned from the Christmas break to digest comments […]
NEW YORK (Reuters) – Oil prices were at the highest in more than three months on Thursday, buoyed by hopes of an end to the China-U.S. trade fight and by a report showing lower U.S. crude inventories. Brent crude LCOc1 gained 48 cents to $67.68 a barrel by 11:22 a.m. (1622 GMT). U.S. West Texas […]
Americans keep spending, driving the economy at a time when unemployment is at a half-century low point despite headwinds from the trade war. Holiday sales rose 3.4 percent this year over 2018, according to a survey by Mastercard SpendingPulse. Online sales grew much more sharply — 18.8 percent compared with last year — marking the continuing […]
Saudi Arabia and Kuwait said Tuesday that they were ending a long-running dispute over oil fields in a strip of land between the two countries. The agreement was reported in a Twitter message by the Saudi oil ministry and on the website of the official Kuwait News Agency. The deal between the two Persian Gulf […]