Dow Falls Sharply on Arrest of Huawei CFO
U.S. stocks fell sharply, with the Dow industrials dropping almost 500 points, as global markets shuddered over the arrest of a top Chinese tech executive and a fresh plunge in oil prices.
Arrest of Senior Huawei Executive Steps Up U.S.-China Confrontation
The arrest of a senior executive of networking-gear maker Huawei Technologies Co. intensifies the confrontation in the already divisive China-U.S. negotiations on trade, striking at Chinese President Xi Jinping's ambitions to make the country a tech superpower .
U.S. Trade Deficit Hit Decade High in October
The U.S. trade deficit reached the highest level in 10 years in October, driven by a bump in imports and falling exports of American-made products.
U.S. Productivity Revised Upward to 2.3% in Third Quarter
U.S. worker productivity rose at a faster pace of 2.3% in the third quarter than initially estimated.
U.S. Service-Sector Growth Accelerates in November
The U.S. service sector expanded at a faster pace in November, a sign of continued strength in the domestic economy. The Institute for Supply Management's nonmanufacturing purchasing-managers index rose to 60.7 from October's 60.3.
Bank of Canada's Poloz Vows Rate Rises to Be 'Data Dependent'
Bank of Canada Gov. Stephen Poloz said the benchmark interest rate will need to move upward but the pace of future increases "will remain decidedly data dependent" given global risks and lower energy prices.
U.S. Jobless Claims Fell Last Week
The number of Americans filing applications for new unemployment benefits fell last week, pointing to a historically tight labor market.
U.S. Private Sector Adds 179,000 Jobs in November
The U.S. private sector added 179,000 jobs in November, according to a report released Thursday, though the growth was lower than economists were expecting.
U.S. Factory Orders Declined in October
Orders for U.S. manufactured goods fell 2.1% to a seasonally adjusted $502.68 billion in October, the Commerce Department said. Economists had expected a 2.0% decrease from the prior month.
Activist Investors Are Spending More, Shifting Their Strategies
Activist investors, spending more cash than ever, are shifting their attention to new targets and honing their strategies.