A tech selloff pulled stocks lower Friday, as investors brooded over dampening demand for smartphones. Inflation fears pushed bond yields to a three-year high.
Here's the scoreboard:
*Dow Jones.. Business Insider
Apr.20 -- European Union Economic and Monetary Commissioner Pierre Moscovici discusses the possibility of a trade war, the economic impact of protectionism, and the main risks to European growth. He.. Source: Bloomberg Global Business -
Apr.19 -- Matthews Asia Investment Strategist Andy Rothman discusses why a trade war with China would be risky for Trump's political interests. He speaks with Bloomberg's Haidi Lun on "Bloomberg.. Source: Bloomberg Global Business -
North Dakota’s Heidi Heitkamp is one of the most endangered Democrats in the U.S. Senate. She knows a political gift when she sees one.
President Donald Trump carried her largely rural state by a.. Source: Wochit -
Apr.19 -- Ducati Chief Executive Officer Claudio Domenicali discusses sales of the company's new sports and scrambler models, and possible suitors for the motorcycle manufacturer. He speaks with.. Source: Bloomberg Global Business -
Apr.19 -- Paraguay Central Bank Governor Carlos Fernandez Valdovinos told Bloomberg's Francine Lacqua that Paraguay may benefit from a trade war, due to high soy bean prices. He stressed that, despite.. Source: Bloomberg Global Business -
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· *Helios & Matheson, which owns MoviePass, is down more than 7% Friday.*
· *The company admitted its prospectus filed earlier this week contained errors.*
· *Shares are currently trading at.. Business Insider
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· *Some steel buyers are signing longer-term contracts with steel suppliers amid fears of a looming steel shortage.*
· *There will not be a steel supply shortage in the US, according to Nucor.. Business Insider
*Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.*
A.. Business Insider
· *General Motors' North American car business is worth negative $4 billion, Morgan Stanley estimates.*
· *The bank says GM could return its stock to outperformance by exiting the North American car.. Business Insider
· *The Mexican peso was down as much as 1.21% versus the dollar early Friday.*
· *The peso has been weakening this week amid Mexico's heated presidential campaign, despite being one of the.. Business Insider
Citigroup's Willem Buiter warns that if China and the United States actually tumble into a "serious trade war" it would drive the global economic recovery right into a financial brick wall. Newsmax
While it may not seem like it, a trade war could have a major effect on the wallet of every American consumer. Here's what you need to know about the potential repercussions of a trade war on your own.. USATODAY.com
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· *Apple is slipping after Morgan Stanley analyst Katy L. Huberty downgraded the stock, citing weakening demand in China. *
· *The smartphone market at large may be seeing a drop in demand,.. Business Insider
· *Credit Suisse maintained its "Outperform" rating and raised its price target for Snap.*
· *Shares are up more than 3% Friday.*
· *Watch Snap trade in real time.*
.. Business Insider
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· *Bitcoin cash is up more than 10% Friday.*
· *A hard-fork of the currency is expected May 15, which will form Bitcoin ABC.*
· *Track the price of Bitcoin cash in real-time here.*
.. Business Insider
· *President Donald Trump lashed out at OPEC on Friday, tweeting that oil prices are "artificially very high."*
· *Oil rose to three-year highs on Thursday, and Saudi Arabia is reportedly targeting.. Business Insider
· *Wells Fargo will split a $1 billion fine between the Office of the Comptroller of the Currency and t**he US Consumer Financial Protection Bureau as a penalty to resolve probes into auto insurance.. Business Insider
· *Takeda is considering a new bid for Adderall drugmaker Shire, raising the share price to 47 British pounds (about $66) per share up from 46.50 per share (about $65), Bloomberg reported Friday.*
·.. Business Insider
· *Oil has been rallying this week, but slipped on Thursday following President Donald Trump's criticism of OPEC.*
· *Crude fell more than 1% by 8:00 a.m. ET, an hour after the tweet. *
· Follow.. Business Insider
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