Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
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After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Iran will never hold talks with America, the country's Supreme Leader Ayatollah Ali Khamenei said on state television Tuesday morning.Politicsread more
Energy stocks are on fire Monday. Five experts weigh in on what this could mean.Trading Nationread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
European stocks were slightly higher on Friday, as market participants reacted to another flurry of corporate earnings.
The pan-European Stoxx 600 closed provisionally up 0.19% during afternoon deals, with most sectors and major bourses in positive territory.
Europe's media stocks led the gains, up 1.65% amid earnings news. Luxembourg-based satellite operator SES was the top performer, surging to the top of the European benchmark after the company said it had maintained its full-year outlook. Shares of the firm jumped 7.75%.
Meanwhile, oil and gas stocks slipped 1.58%, as U.S. oil prices fell and the market retreated from its strongest bull-run in at least a year. U.S. West Texas Intermediate (WTI) crude oil was trading at less than $63 on Friday afternoon, down more than 3%. International benchmark Brent crude was also down more than 3%.
Looking at individual stocks, Deutsche Bank posted stronger-than-anticipated first-quarter net profit Friday morning. Germany's flagship lender reported 201 million euros ($223 million) in net income for the first three months of the year. The figures came less than 24 hours after bank formally abandoned merger talks with Commerzbank. Shares of Deutsche bank slipped 2.09%.
France's Sopra Steria said revenue rose approximately 10% in the first three months of the year, citing a buoyant market for digital services in Europe. The Paris-listed stock rose toward the top of the European benchmark on the news, with shares up more than 7.6%.
Skanska tumbled toward the bottom of the index Friday afternoon, after the Swedish builder posted a surprise fall in first-quarter operating earnings. Profit at its commercial development operations slumped in the first three months of the year, prompting shares to fall 4.53%.
On the data front, French consumer confidence held steady at an eight-month high in April. INSEE, the official statistics agency said Friday that its index remained unchanged from March at 96 points.
Stateside, stocks were flat on Friday as investors weighed better-than-expected gross domestic product (GDP) data against a mixed set of quarterly earnings reports.