U.S. stock indexes opened lower on Friday, dragged down by technology stocks for a second day, as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
Qatar Airways said on Friday it was not interested in investing in struggling Italian carrier Air Italy, but would do all it could as minority shareholder for workers and passengers.
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Michael Bloomberg, a former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the country's $1.7 trillion outstanding student loan balance. The candidate says he would slash borrowers' monthly bills in half.
U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, and a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
U.S. home sales fell in January amid a dearth of houses, but the supply squeeze is likely to ease as building permits and the number of homes under construction are at levels last seen nearly 13 years ago.
Xerox Holdings Corp said on Friday it would continue to pursue HP Inc, even after the PC maker said it would implement a poison pill plan to shield itself against a takeover offer from the U.S. printer maker.
A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus.
Online sales of L'Oreal make-up and skincare products had picked up in China in February and were even stronger than a year earlier, Chief Executive Jean-Paul Agon said on Friday.
Even if you were an early filer, you could still find yourself waiting until March to get your tax refund. That's because the IRS holds payments for people who claim the earned income or additional child tax credit.
The U.S. central bank will need to act aggressively to counter future downturns, deploying old tools more quickly and adopting new ones, Federal Reserve Governor Lael Brainard said on Friday.
Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output.
Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra.
Italy's biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC .