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Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers - sources

1 hour ago

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

2 hours ago

Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.

Standard Chartered faces fine for sanctions breaches: Sky News

5 hours ago

Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.

Alibaba and the $15 billion question: Amid Hong Kong's protests, when to list?

11 hours ago

Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.

Court leaves PG&E with sole right to submit bankruptcy plan

15 hours ago

A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.

PES up against the clock to sell Philadelphia refinery in cash crunch

15 hours ago

Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.

Amazon.com defeats IRS appeal in U.S. tax dispute

15 hours ago

Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.

U.S. judge urges VW, SEC to resolve civil Dieselgate suit

15 hours ago

A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.

Airbnb records 30% growth rate in first-quarter on booking strength: source

16 hours ago

Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.

Trump says he is having dinner Friday with Apple CEO Cook

17 hours ago

U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States.

Take Five: Fed in a hole

18 hours ago

On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July's quarter-point rate cut.

U.S. removes some Chinese furniture, modems from planned 10% tariffs

18 hours ago

The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

19 hours ago

Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.

EQM stops some work on WV-VA Mountain Valley natgas pipe

19 hours ago

EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.

Wall Street ends sharply higher on German stimulus optimism

20 hours ago

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.

Dollar firms, global stocks soar on ECB rate cut expectations

21 hours ago

U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.

Canada awards multi-billion contract to General Dynamics as election looms

21 hours ago

Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.

Oil rises alongside equities, but downbeat OPEC outlook caps gains

22 hours ago

Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.

Exclusive: Fed's Mester weighing argument for U.S. rate cut

22 hours ago

One Federal Reserve policymaker who opposed the Fed's recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.

Tyson recalls nearly 40,000 pounds of Weaver chicken patties

17 min ago

Tyson Foods Inc is recalling nearly 40,000 pounds of its Weaver chicken patties after some consumers found pieces of rubber in the product, the no. 1 U.S. meat processor said.