U.S. retail sales rebound; manufacturing output tumbles
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
Oil prices fluctuated around flat on Friday as investors weighed concerns about rising supplies next year and signs of progress toward ending the U.S.-Chinese trade row.
Here are the biggest calls on Wall Street on Friday
J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
Wall Street's main indexes hit fresh record highs on Friday, led by gains in technology stocks as upbeat comments related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.
The Trump administration is set to issue a two-week extension of a license allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said.
The United States is set to extend a license allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd, the New York Times reported https://nyti.ms/2OcpWYo on Friday, citing people familiar with the deliberations.
Microsoft Corp has hired former U.S. Attorney General Eric Holder to investigate whether the use of facial recognition technology developed by an Israeli startup it funded complies with its ethics principles, the company said on Friday.
The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker.
The United States is set to extend a license allowing U.S. companies to continue doing business with Chinese technology company Huawei Technologies Co Ltd, the New York Times reported https://nyti.ms/2OcpWYo on Friday, citing people familiar with the deliberations.
The head of the U.S. Federal Aviation Administration has told his team to "take whatever time is needed" in their review of Boeing Co's 737 MAX, according to a Nov. 14 memo and video message reviewed by Reuters.
The Department of Justice has charged another former JPMorgan Chase & Co executive with alleged racketeering and manipulating precious metals prices between 2008 and 2016, the latest in a string of similar prosecutions.
Top U.S. and Chinese negotiators are seeking to narrow differences on an initial trade agreement during a Friday evening phone call, but remain split on key issues.
Restaurants are doing away with dining rooms as consumers increasingly order food deliveries through apps such as Uber Technologies Inc's Uber Eats and GrubHub Inc.