Friday, 10 May 2019

Trial date set for Elon Musk's 'pedo guy' tweet

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Trial date set for Elon Musk's 'pedo guy' tweet

A U.S. judge on Friday said Elon Musk must face a defamation lawsuit by a British diver who said he was falsely branded a pedophile and child rapist by the chief executive of electric car company Tesla Inc.

Wall Street Weekahead: Trade turbulence shows market vulnerability as stocks get pricier

Stock valuations have climbed to levels reached just before Wall Street's late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted.

Uber fizzles in Wall Street debut, opens below $45 IPO price

Uber Technologies Inc's shares made a disappointing market debut on Friday, marking a rocky start for the most anticipated initial public offering of the year as other high-profile startups such as Slack and WeWork look to go public.

Wall St. snaps losing streak after Trump's upbeat trade comments

U.S. stocks rebounded from early losses on Friday to snap a four-day losing streak after U.S. President Donald Trump and Treasury Secretary Steven Mnuchin said trade talks between the United States and China were "constructive."

Trump says talks with China will continue as trade war escalates

U.S. President Donald Trump said on Friday trade talks with China would continue even after Washington moved to increase tariffs on Chinese imports, avoiding the worst-case scenario of a complete breakdown in negotiations.

U.S. plans more aid for farmers amid China trade spat

U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help American farmers cope with the heavy impact of the U.S.-China trade war on agriculture.

Instant view: U.S.-China trade talks end with deal uncertain

U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators ended two days of talks to try to salvage an agreement.

U.S. CEO group says rising U.S.-China tariffs could hurt economy

Business Roundtable, a group of U.S. corporate chief executive officers, said on Friday it was concerned that rising U.S.-China tariffs will hurt the American economy.

Trump says trade talks with China will continue, tariffs may or may not stay

President Donald Trump said on Friday that trade talks between the United States and China would continue into the future and U.S. tariffs may or may not be removed, depending on the outcome of the negotiations.

Trade sensitive stocks on ropes as deal hopes fade

A week of worsening fears on Wall Street leading up to Washington's increase on tariffs on Chinese goods has taken a toll on stocks that rely heavily on global trade.

U.S. judge questions SEC on delay in filing Volkswagen suit

A federal judge on Friday sharply questioned the U.S. Securities and Exchange Commission on the timing of its civil suit filed in March accusing Volkswagen AG of defrauding investors and demanded the agency explain its rationale.

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