U.S. oil prices settle flat, down a sixth week in a row

U.S. oil futures settled unchanged on Friday, but posted a loss of 6.2% for the week, their sixth weekly loss in a row. Talk of reductions in crude output among major producers have only helped to temper price pressures from concerns about a potential global supply glut and a slowdown in energy demand. December West […]

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Seattle Genetics stock jumps 6% after new FDA approval for lymphoma treatment

Shares of Seattle Genetics Inc. SGEN, +6.44% rose more than 6% Friday, after the company said it had received a new approval for its Adcetris therapy as a treatment for previously untreated peripheral T-Cell Lymphoma. The U.S. Food and Drug Administration approved Adcetris in combination with CHP chemotherapy based on the successful outcome of its […]

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Gold prices settle up by more than 1% for the week; palladium futures log another record

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week, providing a boost to prices of the yellow metal. December gold GCZ8, +0.65% climbed by $8, or 0.7%, to settle at $1,223 an ounce. Palladium futures, meanwhile, settled at […]

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American Girl and GameStop make gains after Toys 'R' Us closures

Specialty retailers have made foot traffic gains now that Toys ‘R’ Us stores have shuttered, with Mattel Inc.’s MAT, -0.11% American Girl brand drawing the most new shoppers, according to data provided by inMarket, a digital advertising company that uses real-time consumer data. Also on the list are Sears Holding Corp.’s SHLDQ, +8.05% Kmart, Lego […]

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Grassley says he will be chairman of the Senate Finance Committee

Sen. Chuck Grassley, the Iowa Republican, said he will move in January to be chairman of the Senate Finance Committee, the tax-writing committee he’s led before. Grassley in the current Congress is the chairman of the Senate Judiciary Committee, where he oversaw the hearings putting Neil Gorsuch and Brett Kavanaugh onto the Supreme Court. The […]

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Facebook's stock tumbles toward 19-month low as analyst suggests management shake-up

Shares of Facebook Inc. FB, -2.13% tumbled 2.8% toward a 19-month low Friday, as credibility issues continue to grow following criticism over how the social media giant handled Russian attempts to interfere with U.S. elections. The stock has now plunged 36% since closing at a record $217.50 on July 25, while the S&P 500 SPX, […]

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Stocks open lower as chip makers weigh on tech

Stocks opened lower Friday, on pace to log weekly declines, as chip makers fell following disappointing earnings reports from Nvidia Corp. and other semiconductor companies. The tech-heavy Nasdaq Composite COMP, -0.73% declined 1.1% to 7,181, while the Dow Jones Industrial Average DJIA, -0.21% shed 113 points, or 0.4%, and the S&P 500 SPX, -0.28% lost […]

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Nvidia stock removed from Goldman Sachs Conviction List on increased near-term uncertainty

Goldman Sachs removed Nvidia Corp. stock NVDA, +2.64% from its Conviction List on Friday, citing increased near-term uncertainty after Thursday’s quarterly earnings. The stock has fallen 15.5% since it was added to the list, while the S&P 500 SPX, +1.06% has fallen just 1.4% analysts wrote in a note. “We were clearly wrong on the […]

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Northern California wildfire toll rises: 63 dead, more than 600 missing

The death toll from California’s most destructive wildfire ever continued to rise Thursday, and the number of missing dramatically surged. Officials late Thursday said at least 63 were dead, and 631 missing in the wake of the Camp Fire, which devastated the small town of Paradise. Authorities also raised the number of homes destroyed, to […]

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