Signs of further escalation of the trade war between the United States and China and weak economic data from the United Kingdom weighed on global markets Friday, capping a volatile week that has pushed gold up to its highest level in six years.
U.S. stocks edged lower on Friday after rebounding strongly a day earlier, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain's economy.
Oil prices rose on Friday, supported by a drop in European inventories and expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest since the financial crisis of 2008.
As global economic uncertainty has caused interest rates to tumble, high-dividend stocks have started to outperform low-dividend stocks.
Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm's access to U.S. technologies such as Android.
Wall Street's main indexes added to losses on Friday after President Donald Trump said he was not going to make a deal with China for now, exacerbating fears that the U.S.-China trade stand-off would aggravate the global economic slowdown.
U.S. producer prices increased moderately in July, lifted by a rebound in the cost of energy products, while underlying producer inflation retreated, which could allow the Federal Reserve to cut interest rates again next month.
Oil prices rose by about 3% on Friday, supported by a drop in European inventories and expectations of more OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.
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Walmart Inc said on Friday it has asked employees at its stores across the United States to take down signs and playable demos of violent video games but has made no changes to its policy on selling firearms.
Uber CEO Dara Khosrowshahi tells CNBC that SoftBank is a "good actor in this marketplace" as the Japanese conglomerate rolls out Vision Fund 2.
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CannaProve | Paul Brousseau | Aug 9, 2019 Globally, cannabis is only legal for consumption in Canada, Uruguay and some states in the USA. However, after the legalization of both recreational and medical marijuana with edibles, cosmetics and beverages on the near-term horizon in Canada, it is expected that many other countries will follow to
Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% higher.
Japan's SoftBank Group Corp is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company's interest in Mexico as it pours money into Latin America.