Business

Dow bids to avert longest losing streak in 40 years with early advance Friday

U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats. What did the main benchmarks do? The Dow Jones Industrial Average rose 119.19 points, or 0.5%, to 24,580.89, with the equity […]

Trump threatens 20% tariff on European cars coming into U.S.

This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. Like the stock market, the deadline for Trump Today action is 4 p.m. Eastern time, even as we acknowledge that substantive news can and does occur after hours. President Donald Trump threatened Friday to place tariffs on […]

Bitcoin at risk of falling below $6,000 as security flaws dog industry

Bitcoin and major digital currencies were in free fall Friday with most coins shedding as much as 10%, wiping billions off the market cap of cryptocurrencies. Bitcoin, the worlds biggest digital currency, is trading back at multimonth lows as ongoing exchange flaws continue to undermine the integrity of the market. The overnight news that Japan’s financial watchdog has hit follows […]

Michigan State to fund $500 million sex-abuse settlement with bonds

Michigan State University will fund its unprecedented $500 million settlement with survivors of Larry Nassar’s sex abuse through proceeds from a bond offering, after the board of trustees unanimously approved the settlement and bond amount at a raucous meeting Friday morning. The board also voted to retain interim President John Engler, despite recent calls for his resignation by two trustees […]

Netflix chief communications officer is out following ‘insensitive‘ remarks

Netflix is letting go of its chief communications officer Jonathan Friedland after "insensitive" remarks he made, according to The Hollywood Reporter. Friedland joined Netflix in 2011 as the vice president of global corporations and was promoted to the chief communications role the following year. "Leaders have to be beyond reproach in the example we set and unfortunately I fell short […]

Dow snaps 8-day losing streak as energy boosts stocks

The Dow Jones Industrial Average on Friday closed higher, ending an eight-session slide that drove the broader market to weekly loss, amid rising global trade tensions. The Dow closed up about 120 points, or 0.5%, at 24,581, avoiding a nine-day slide, which would have marked its longest since 1978. Sharp gains in shares of McDonald‘s Corp. up 2.7% and UnitedHealth […]

George Will wants voters to punish Trump‘s Republican ‘poodles‘ in midterms

Calling lame duck House Speaker Paul Ryan and others the “president’s poodles,” conservative columnist George Will says the virtual radio silence from Republicans in power over President Trump’s border policy means the GOP has to go. Zero-tolerance border policy was ‘the most telegenic example of misrule.’ George Will Trump’s “zero tolerance” policy at the border was “the most telegenic example […]