(Reuters) – U.S. stock futures fell about 0.5 percent on Friday, sitting out a modest recovery in global markets, as investors awaited U.S. payrolls data amid fears that the economy is heading into a rough patch after years of solid growth. Nonfarm payrolls are expected to have risen by 200,000 in November, according to economists, […]

SINGAPORE (Reuters) – Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer club sought to get heavyweight supplier Russia on board. International Brent crude oil futures LCOc1 fell below $60 per barrel, trading at $59.53 per barrel at 0750 GMT, down 53 cents, or […]

(Reuters) – Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) plans to build Jeep Grand Cherokee SUVs in a mothballed Detroit plant in 2020, four people familiar with the plans told Reuters on Thursday. News of the Fiat Chrysler’s new plant leaked on the same day General Motors Co (GM.N) Chief Executive Mary Barra was finishing a two-day […]

NEW YORK (Reuters) – JPMorgan Chase & Co’s (JPM.N) trading desk was not buying what U.S. President Donald Trump was selling this week. On Tuesday, major stock indexes plummeted more than 3 percent on renewed fears of a trade war with China — just days after Trump tweeted, following a steak dinner with Chinese President […]

SAN FRANCISCO (Reuters) – Qualcomm Inc (QCOM.O), the biggest supplier of chips for mobile phones, on Thursday pushed further into the PC market with a line of chips designed to power business machines. Qualcomm’s “Snapdragon” processor chips historically have been at the heart of mobile phones like Alphabet Inc’s (GOOGL.O) Google Pixel phone and many […]

(Reuters) – Ride-hailing company Lyft Inc beat bigger rival Uber Technologies UBER.UL in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies. The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for […]

WASHINGTON (Reuters) – The Federal Reserve has rejected Wells Fargo & Co’s (WFC.N) plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions. The concerns raised by the Fed, which have not been previously reported, are likely to increase […]

(Reuters) – The S&P 500 and the Dow Jones Industrial Average slipped back to losses for the year on Thursday, as U.S. stocks fell on mounting worries of slowing global growth after a fresh twist in China-U.S. tensions as well as lower oil prices and U.S. bond yields. The arrest of Chinese smartphone maker Huawei […]

LONDON (Reuters) – Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets. The Organization of the Petroleum Exporting Countries (OPEC) is meeting in Vienna to decide its production policy […]

SYDNEY (Reuters) – Australia’s parliament is poised on Thursday to pass laws requiring tech firms such as Alphabet Inc’s Google (GOOGL.O), Facebook FB.N and Apple (AAPL.O) to give police access to private encrypted data linked to suspected illegal activities. The laws, staunchly opposed by the tech giants since Australia is seen as a test case […]