On Friday, a Federal US Judge aggressively questioned the Securities and Exchange Commission on the filling of the civil suit against Volkswagen AG. Namely, the SEC took too long to file the case.
On Friday, Livent announced that two of its senior executives are leaving the company to pursue other goals. The announcement has been made just two days after the lithium producer cuts its 2019 forecasts.
This week, Facebook rejected the proposition from one of its co-founders Chris Hughes that the company should be split into three separate companies. The split was designed as an idea to avoid US regulator investigation.
The Sackler family, which is being blamed for the US opioid epidemic, namely the sale of OxyContin painkillers, reportedly has split into two factions due. The family has split due to the constant lawsuits.
On Saturday, it was revealed that the US Census Bureau official, who was in charge of the tech infrastructure for the upcoming 2020 census has switched jobs. A year before the major event, the important position has been left vacant.
During this week, various stocks revealed their sensitivity to the US-China trade relations. It is expected that, as the negotiations continue, the volatility of the trade impacted stocks will continue to remain high.
Reuters revealed on Saturday that the search for a new Wells Fargo Chief Executive Officer is hurt by set up pay limits. A group of candidates has already declined the offer due to the low pay.
Although Uber shares declined during their first day of trading, the demand for the stock was seen as the largest since Facebook. The market participants want to own Uber, but not for the initially set price.
On Friday, French officials announced that the French Prosecutor's office has started to investigate a suspected Bayer manipulation of various persons in France.
A Reuters source on Friday revealed that the financial group Goldman Sachs is close to buying the wealth manager United Capital Finance Partners for several hundred million USD.
On Friday, Cuban officials announced that more products will be rationed. The country recently has been hit by foodstuff and hygiene shortages. Cuba blames the US for the shortage of goods.
The Committee of Ways and Means of the US House of Congress Chairman Richard Neal has subpoenaed the tax returns of the US President. The Congressman gave the IRS one week to hand over the records.
On Saturday, US officials announced that the prior work of Huawei lawyer James Cole at the US Department of Justices is creating a conflict of interest. The announcement is set to delay the progress of the Huawei court case in the US.
Bodum Holding AG has submitted the needed paperwork to sue Starbucks Corporation for product disparagement. The allegations are connected with a recent recall of recycled material.
On Saturday, Chinese an US officials announced that they will continue trade talks in China, Beijing. Meanwhile, the US President ordered the imposing of tariffs remaining Chinese imports.
The Chinese Securities Regulatory Commission announced on Saturday that it is bound to investigate five stock exchange listed firms that might have violated rules by not publishing their annual reports on time.
On Saturday, the member of the ECB's Governing Council Ewald Nowotny announced that in his opinion economic growth should pick up in the second half of this year.
Raphael Bostic, the Atlanta Federal Reserve's President, said that tariff hikes might prompt the US Federal Reserve to cut interest rate if consumers retreat.
Paulo Guedes, the Brazilian Economy Minister, stated on Friday that Argentina's economy is in a critical situation.
On Friday, Amazon held talks with workers in Poland after the unions threatened to strike, as employees demanded higher pay and better working conditions in distribution centres.
Revenue at Viacom Inc, the US media giant, beat quarterly estimates. The gain was credited to the success of movies "What Men Want" and "Bumblebee".
Sonny Perdue, the US Agriculture Secretary, said that President Donald Trump had directed him to prepare a plan to support the US farmers amid China trade tensions.
Uber Technologies Inc is prepared to make its debut on the New York Stock Exchange on Friday, as the company hoped to avoid Lyft's fate.
US Stocks edged lower on Friday. The decline was related to the growing trade tensions between the United States and China.