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S&P 500 up slightly in choppy action as Trump gives China announcement

05/29/20 3:09 PM

The S&P 500 was slightly higher on Friday in choppy action as investors absorbed U.S. President Donald Trump's comments on China.

Tencent in talks to buy Warner Music stake: WSJ

05/29/20 2:48 PM

Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported on Friday.

Morgan Stanley plans June return of some traders to New York headquarters: CNBC

05/29/20 2:42 PM

Morgan Stanley is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people with knowledge of the situation.

Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure

05/29/20 2:27 PM

The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the plant's immediate closure, saying measures to control the outbreak were not working.

Oil mixed on U.S.-China tensions but heads for huge monthly rise

05/29/20 2:08 PM

Oil prices were mixed on Friday, but were closing out the month with strong gains, bolstered growing fuel demand even as investors worried about worsening Washington-Beijing relations.

Coffee maker JDE Peet's IPO wrapped up in just 72 hours: sources

05/29/20 1:55 PM

It took just three days to sell shares in JDE Peet's as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world's No. 2 maker of packaged coffee.

Coronavirus sinks U.S. consumer spending; savings hit record high

05/29/20 1:45 PM

U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

China's Kunlun says U.S approves sale of Grindr to investor group

05/29/20 1:40 PM

Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.

Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens

05/29/20 1:15 PM

Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.

Wells Fargo reveals new risk management structure

05/29/20 12:56 PM

Wells Fargo & Co on Friday appointed Kevin Reen as chief risk officer (CRO) for its consumer lending arm and Bill Juliano to lead its operational risk management team as it revealed a new organizational structure to provide risk oversight.

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