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Richmond Federal Reserve bank president Thomas Barkin said on Friday it would take a "substantial" change in the economic outlook for him to support a rate change.

Stocks and oil prices tend to perform well in the months following a Middle East crisis.

Novartis AG, Merck & Co Inc and Allergan Plc were among companies that raised U.S. prices on more than 100 prescription medicines on Friday, bringing the tally to 445 drugs that will cost more in 2020, according to data analyzed by healthcare research firm 3 Axis Advisors.

Wall Street fell from a record high on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East, while a bigger-than-expected contraction in the U.S. manufacturing sector again fanned fears of slowing economic growth.

Oil prices jumped to the highest level in more than three months on Friday after the U.S. killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies.

The U.S. economy is "healthy" and likely to continue growing, though elevated tensions between the United States and Iran are a reminder that outside shocks could still derail the country's more than decade-long recovery, Richmond Federal Reserve president Thomas Barkin said on Friday.

Wall Street fell from a record high on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East, while a bigger-than-expected contraction in the U.S. manufacturing sector again fanned fears of slowing economic growth.

Tesla Inc's short sellers have suffered $3 billion in losses since the end of 2018, including a $500 million hit on Friday after the electric carmaker's quarterly deliveries beat investors' expectations and drove its stock to a record high.

The U.S. manufacturing sector fell into its deepest slump in more than a decade in December as the U.S.-China trade war kept a lid on factory output, orders and employment, although the long-awaited Phase 1 deal between Washington and Beijing could limit further downside.

Forbes | Matthew Harris | Nov 22, 2019 This is part two of a two-part essay diving into the future of fintech. Read part one. In part one of this essay, I discussed how fintech was moving from being a business model unto itself, to being an ingredient used in other technology businesses. This is what

Investors rushed into safe-haven assets on Friday after U.S. air strikes in Iraq killed a senior Iranian military official, sending the Japanese yen to a three-month high, while the U.S. dollar index was knocked by the weakest domestic factory activity in a decade.

A new retirement law, the Secure Act, loosens rules around how employers can select annuity providers for their 401(k) plans.

The next direction for oil prices will depend on Iran's retaliation.

A Turkish court ruled on Friday to formally arrest five suspects who were detained as part of an investigation into ex-Nissan boss Carlos Ghosn's transit through Turkey after fleeing Japan, state-owned Anadolu news agency reported.

Wall Street fell from record highs on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the U.S. manufacturing sector raised concerns of slowing economic growth.