The U.S. central bank will need to act aggressively to counter future downturns, deploying old tools more quickly and adopting new ones, Federal Reserve Governor Lael Brainard said on Friday.
Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output.
Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra.
Italy's biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC .
Developers of self-driving cars are amping up criticism of a California reporting requirement on test data, saying the data could mislead, as the state prepares to release the latest results for 2019.
U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, and a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe-havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury sliding to an all-time low.
World No. 1 oil producer Saudi Aramco is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday.
U.S. authorities will soon announce a deal relating to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the agreement.
Elon Musk's SpaceX is looking to raise about $250 million, taking the private rocket company's valuation to about $36 billion, CNBC reported on Friday, citing people familiar with the financing.
New York Times Co is expected to name company insider Meredith Kopit Levien as its next chief executive officer to succeed Mark Thompson, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-02-21/new-york-times-poised-to-name-meredith-kopit-levien-as-next-ceo on Friday, citing people familiar with the matter.
SpaceX is seeking about a quarter billion dollars in new funds, people familiar told CNBC, raising the valuation of Elon Musk's company.
Deere & Co's shares soared on Friday to their highest level in at least five years after it reported an unexpected increase in first-quarter profit and retained full-year earnings forecast as signs of stabilization in the U.S. farm sector offset weak demand for construction machines.
Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting.
U.S. authorities will soon announce a settlement related to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank.