• U.S. wants Huawei CFO to face prosecution for fraud: court hearing

    6 days ago - By Reuters

    U.S. prosecutors want a top executive of China's Huawei Technologies Co Ltd to face charges of fraud linked to the skirting of Iran sanctions, a Vancouver court heard on Friday.
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  • Gold Gains Following Less Robust U.S. Jobs Report

    Gold Gains Following Less Robust U.S. Jobs Report

    6 days ago - By ETF Daily News

    From Jim Wyckoff : - Gold prices are moderately up and hit a six-week high in early U.S. trading Friday, in the wake of a U.S. jobs report that did not meet market expectations on the key jobs-growth component. February gold futures were last up $5.50 an ounce at $1,249.10. March Comex silver was up $0.096 at $14.605 an ounce.
    What is arguably the most important U.S. economic report of the month, the Labor Department Employment Situation Report for November, saw the key non-farm jobs number come in at up 155,000, which was well below the consensus forecast of up 198,000. However, the...
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  • Wall Street slides as trade worries resurface

    6 days ago - By Reuters

    Wall Street fell more than 1 percent on Friday, with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report.
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  • Shares mixed, Wall Street drops on trade worries; oil surges

    6 days ago - By Reuters

    Stock markets around the world were mixed, with U.S. shares retreating on Friday amid continuing concerns over U.S.-China trade ties, while pledges by key oil producers to trim output boosted oil prices.
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  • Investors fled the wild trading this week, dumping $3.5 billion from equity funds

    6 days ago - By CNBC

    A series of wild swings in the stock market this week rattled investors who pulled $3.5 billion from U.S. equity funds and fled to the safety of government debt.
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  • Morning News: December 7, 2018

    6 days ago - By Crossing Wall Street

    Powell Says U.S. Labor Market ‘Very Strong' by Many Measures
    Trump Is Losing the Trade War by One of His Own Metrics
    Putin's ‘American' Oligarch Privately Boasted of Trump Ties. Then He Lost Billions.
    With the Economy Uncertain, Tech ‘Unicorns' Rush Toward I.P.O.
    Bitcoin Leads Cryptos to Lowest Since 2017 as Sell-Off Resumes
    A.I. as Talent Scout: Unorthodox Hires, and Maybe Lower Pay
    Huawei CFO to Appear in Canada Court as Chinese Media Slam Arrest
    Fiat Chrysler Plans to Make New Jeep in Detroit, Adding Jobs
    GE's Push to Fix Power Turbine Problem Goes Global
    Facebook Never Really Cared...
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  • Dow Jones Industrial Average falls 400 points, bringing the week's decline to more than 3%

    Dow Jones Industrial Average falls 400 points, bringing the week's decline to more than 3%

    6 days ago - By ETF Daily News

    From Fred Imbert & Silvia Amaro : Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones Industrial Average lower by 400 points.
    The S&P 500 pulled back 1.49 percent. The Nasdaq Composite dropped 1.9 percent. Shares of large-cap tech companies led the way lower. Facebook, Amazon, Netflix and Google-parent Alphabet all traded lower. Apple's stock also fell 2.38 percent after Morgan Stanley cut its price target on the tech giant's shares, citing weakening iPhone sales .
    For...
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  • Wall Street drops as trade jitters resurface

    6 days ago - By Reuters

    Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report.
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  • Trump praises China talks; aides downplay friction over Huawei arrest

    6 days ago - By Reuters

    U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic and trade advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies.
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  • Technology companies lead slide in US stocks; Oil rising

    6 days ago - By Chron

    U.S. stocks fell in morning trading Friday, adding to modest losses from a day earlier. Losses in technology and health care stocks outweighed gains elsewhere in the market. Energy companies led the gainers as crude oil prices rose on news that OPEC members will elect to cut production. The government said job growth in November fell short of economists' expectations.
    KEEPING SCORE: The S&P 500 index fell 20 points, or 0.8 percent, to 2,676 as of 10:18 a.m. Eastern Time. The Dow Jones Industrials Average dropped 183 points, or 0.8 percent, to 24,754. The Nasdaq composite slid 77 points, or...
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  • Huawei Is Said to Plan $2 Billion Cybersecurity Reboot

    6 days ago - By Fortune

    China's Huawei Technologies Co. is planning to overhaul its global software systems as it tries to avoid a ban in the U.K. and other European markets, after previous piecemeal fixes failed to assuage national security concerns, according to people familiar with the matter.
    Huawei is set to commit at least $2 billion in spending to make its equipment less vulnerable to hacking and snooping, said the people, who declined to be identified because the discussions are private.
    Huawei will offer to transform the way it engineers software, instead of merely applying one-off changes and...
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  • Kudlow says does not see Huawei issue spilling into trade talks with China: CNBC

    6 days ago - By Reuters

    White House economic adviser Larry Kudlow told CNBC on Friday that he does not see the recent controversy surrounding China's Huawei Technologies Co Ltd spilling into the trade talks between the United States and China.
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  • White House adviser: U.S.-China trade talks, Huawei arrest are separate

    6 days ago - By Reuters

    White House trade adviser Peter Navarro on Friday said that the U.S. -China trade truce and the recent arrest of a top Huawei Technologies Co Ltd executive "are two separate events," calling the timing of events a coincidence.
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