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Updated: 19 hours 27 min ago

S&P 500 snaps win streak as Middle East tensions push down Wall Street

Sat, 01/04/2020 - 05:14
Wall Street's major indexes 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.

Oil, safe havens surge after U.S. strikes kill Iran commander

Sat, 01/04/2020 - 03:43
Oil prices surged as much as $3 a barrel as gold, the yen and safe-haven bonds all rallied on Friday after the U.S. killing of Iran's top military commander in an air strike in Iraq ratcheted up tensions between Washington and Tehran.

Ghosn used our jets illegally in escape from Japan, Turkish company says

Sat, 01/04/2020 - 03:27
A Turkish private jet operator said on Friday that ex-Nissan boss Carlos Ghosn used two of its planes illegally in his escape from Japan, with an employee falsifying lease records to exclude his name from the documents.

Oil prices jump after U.S. air strike kills top Iranian commander

Sat, 01/04/2020 - 01:57
Oil prices jumped to the highest level in more than three months on Friday after the United States killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies.

Exclusive: Canada's First Quantum weighs $1 billion Zambian copper mine expansion - document

Sat, 01/04/2020 - 01:36
Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion (764.2 million pounds) to lift output at Africa's biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state miner ZCCM-IH over project funding.

Story on Ghosn's exit from Japan is withdrawn

Sat, 01/04/2020 - 01:34
This story, first published at 1243 GMT, has been withdrawn pending more reporting.

Soleimani strike lifts safe-haven yen; grim U.S. data hits dollar

Sat, 01/04/2020 - 01:10
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.

Musk defies skeptics, meets Tesla delivery goal; shares hit record

Sat, 01/04/2020 - 00:07
Tesla Inc beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years.

Tesla rally leaves short sellers down $3 billion since 2018

Sat, 01/04/2020 - 00:07
Tesla Inc's short sellers have suffered $3 billion (2.3 billion pounds) 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.

Russia halts oil to Belarus, but transit to Europe still flowing

Sat, 01/04/2020 - 00:00
Russia has halted oil supplies to refineries in Belarus, the Belarusian state energy firm said on Friday, amid a new contract dispute that is also threatening large Russian oil deliveries to Western Europe crossing the country.

Discounts fuel U.S. pick-up truck sales in a slowing market

Fri, 01/03/2020 - 23:53
U.S. automakers on Friday reported another year of stable sales of pick-up trucks, as discounts during the crucial holiday season and lower interest rates on vehicle loans attracted buyers while demand for passenger cars retreated further.

U.S. factory sector in deepest slump in more than 10 years

Fri, 01/03/2020 - 23:47
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.

U.S. crude stocks drop sharply, daily exports hit 4 million milestone - EIA

Fri, 01/03/2020 - 22:46
U.S. crude stocks fell by their most since June, driven by a surge in U.S. crude exports to more than 4 million barrels per day for the first time in history, the Energy Information Administration said on Friday.

Fed's Barkin says it's time to let rate cuts work through economy

Fri, 01/03/2020 - 22:30
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.

German inflation subdued in December

Fri, 01/03/2020 - 21:59
German annual inflation remained subdued in December, data showed on Friday, highlighting the challenge faced by European Central Bank chief Christine Lagarde in maintaining price stability in the euro zone.

Gold jumps to four-month peak as Middle East tensions spark safety buying

Fri, 01/03/2020 - 21:32
Gold prices surged on Friday to a four-month peak, racing past the key $1,550 an ounce level after a U.S. air strike in Iraq killed the commander of Iran's elite Quds Force, prompting a rush into safety assets.

Fed's Evans: U.S. economy looks good for GDP growth of 2% to 2.25% for 2020 - CNBC

Fri, 01/03/2020 - 21:27
The fundamentals of the U.S. economy are "good" at the moment and the labor market remains strong with the economy set for a gross domestic product growth rate of 2% to 2.25% for 2020, Chicago Federal Reserve Bank President Charles Evans told CNBC on Friday.

Oil prices jump $1 after U.S air strike kills Iran, Iraq military personnel

Fri, 01/03/2020 - 07:47
Oil prices jumped more than $1 on Friday after a U.S. air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies.

Gold edges up on weaker dollar, set for fourth weekly gain

Fri, 01/03/2020 - 07:45
Gold prices inched up on Friday, on track to record a fourth consecutive weekly gain, as the dollar eased, while investors awaited the release of minutes from the U.S. Federal Reserve's December meeting.

Stocks hit record as rally enters new year, dollar rebounds

Fri, 01/03/2020 - 05:02
Global stock markets jumped on the first day of trading in 2020 as a shot of Chinese stimulus and economic data drove a gauge of world equity performance to the latest in a series of record highs, while the dollar snapped a four-day losing streak.

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