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Elon Musk arrived on Friday at a federal court in Los Angeles looking relaxed in a dark-colored suit, as a trial over whether the Tesla founder defamed a British cave explorer with tweets suggesting he was a pedophile approached its end.

U.S. stocks jumped on Friday as solid monthly jobs data and upbeat comments from President Donald Trump on trade talks with China spurred riskier bets, putting the benchmark S&P 500 index on track to log its second weekly gain in a row.

Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going.

Industrial conglomerate 3M Co is exploring a sale of its drug delivery systems unit, which could fetch around $1 billion, Bloomberg reported on Friday, citing people with knowledge of the matter.

Ride-hailing firm Uber Technologies Inc said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was serious about safety.

Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.

Graphic: Gazing into the recession crystal ball    Thu, 05 Dec 2019 01:21:23 -0500
The protracted trade war between China and the United States and a deteriorating global growth outlook have left investors nervous that the longest expansion in American history is at risk of ending.

Renewed hopes of trade deal push Wall Street higher    Wed, 04 Dec 2019 13:03:52 -0500
Wall Street was set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to signing a "phase one" trade deal.

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter.

Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses.

Amazon designs more powerful data center chip    Wed, 04 Dec 2019 13:55:13 -0500
(This December 3 story has been refiled to correct typo in paragraph 2)

Qualcomm to appeal record South Korean anti-trust fine    Wed, 04 Dec 2019 01:26:46 -0500
Qualcomm said it would appeal a South Korean court decision on Wednesday to uphold a record $873 million fine against the U.S. chip giant for unfair business practices related to patent licensing and modem chip sales.

Saudi Automotive Services Co said on Wednesday it is raising 190 million riyals ($50.67 million) in debt to invest in the initial public offering of state-owned oil giant Saudi Aramco.

The head of French jet engine maker Safran has voiced caution over the ability of aerospace supply chains to ramp up quickly after the return to service of the Boeing 737 MAX, which has been grounded for months following two fatal accidents.

French champagne producers and exporters decried a U.S. government threat to slap tariffs of up to 100% on a range of French products including sparkling wines, saying they have nothing to do with the dispute and calling for government help.

France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.

U.S. Cyber Monday sales to hit record $9.2 billion    Mon, 02 Dec 2019 23:47:08 -0500
Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.

WTO rejects EU bid to stop U.S. tariffs over Airbus    Mon, 02 Dec 2019 14:00:32 -0500
The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , underscoring tariffs recently imposed by the United States on European goods.

Oil futures rise on talk of further OPEC+ supply curbs    Mon, 02 Dec 2019 14:02:06 -0500
Oil futures gained about 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.

Cyber Monday sales poised to top $9.4 billion    Mon, 02 Dec 2019 14:03:49 -0500
Cyber Monday sales were on course to bring in a record $9.4 billion, according to early estimates, building on a bumper Black Friday weekend for retailers driven by earlier-than-usual promotions and free shipping.

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year.

Hong Kong Airlines, controlled by cash-strapped Chinese conglomerate HNA Group, must shore up its financial position by Dec. 7 or risk the suspension or loss of its license, the Hong Kong government said on Monday.

Global shares shuffled marginally higher on Monday to stand just short of the record peak struck in January 2018, with buyers encouraged by upbeat China manufacturing surveys and hopes that China and the United States will agree a preliminary trade deal.

Airbus has dismissed 16 employees without notice in relation to an investigation into the potential misuse of client documents, a spokesman for the group said on Sunday, confirming a newspaper report.

The United States has formally requested the extradition of Michael Lynch, the British tech billionaire who sold his company to Hewlett Packard (HP) in an ill-fated $11.1 billion deal, to face charges including securities fraud, wire fraud and conspiracy.




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