2nd summit between Trump, North Korea's Kim Jong Un to happen in February

President Donald Trump and North Korean leader Kim Jong Un are expected to hold a second summit “near the end of February,” the White House said in a statement Friday. The announcement came after Trump held a meeting with a top North Korean official to discuss the isolated Asian nation’s denuclearization. “The president looks forward […]

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Disney-backed 'Glass' expected to dominate weekend box office

Walt Disney Co.-backed “Glass”, the new film directed by M. Night Shyamalan, is expected to dominate the box office over the long holiday weekend, according to MKM analyst Eric Handler. The film, which brings together characters and narratives from his previous films, is expected to boost the weekend gross to $124 million, up 11% from […]

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U.S. oil prices finish higher, lift weekly gain to more than 4%

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of more than 4% as optimism surrounding progress toward a resolution of the U.S.-China trade dispute eased worries about energy demand. Data from Baker Hughes BHGE, +1.99% Friday also revealed a drop in the U.S. oil-rig count for this week, the largest such […]

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J. Crew Chairman Mickey Drexler retiring

J. Crew Group Inc. announced Friday that its chairman, Millard “Mickey” Drexler,” will retire to devote his time to developing Drexler Ventures LLC and his other interests. Chad Leat, a J. Crew director since Jan. 2017 and a retired vice chairman of global banking at Citigroup Inc. C, +1.04% will succeed Drexler as chairman, effective […]

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Gold futures suffer first weekly decline since mid-December

Gold futures fell on Friday, suffering from their first weekly decline since mid-December as optimism surrounding the U.S.-China trade dispute contributed to gains in the U.S. stock market and strength in the dollar. February gold GCG9, -0.80% settled at $1,282.60 an ounce, down $9.70, or 0.8% for the session. That was the lowest finish for […]

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The Dow is now within striking distance of its 200-day moving average

A powerful four-day rally on Friday has helped to drive U.S. stock benchmarks to multiweek highs, but the degree by which sentiment has improved since a rough 2018 is perhaps best exemplified by the moves in the Dow Jones Industrial Average. The Dow DJIA, +1.38% on Friday afternoon was up more than 320 points at […]

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Johnsonville recalls pork patties because they may contain bits of rubber

Johnsonville announced a voluntary recall of its Cheddar Cheese & Bacon Grillers on Friday because they may contain black rubber bits. The recall comes after three complaints, and applies to the 24-ounce package with the following “Best Flavor By” dates and EST numbers: July 24, 2019 and an EST 34225; Aug. 13, 2019 and an […]

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Baker Hughes data show U.S. oil-rig count down 21 for the week

Baker Hughes BHGE, +2.16% on Friday reported that the number of active U.S. rigs drilling for oil dropped by 21 to 852 this week. That marked a third straight weekly decline. The total active U.S. rig count also declined by 25 to 1,050, according to Baker Hughes. February West Texas Intermediate crude CLG9, +3.13% was […]

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Dow jumps 1.5% amid report that China open to extending $1 trillion-a-year olive branch on trade

U.S. stock indexes Friday midday clambered higher after a report from Bloomberg said Chinese officials were open to eliminating an imbalance with the U.S. that has been a source of trade tension between the two largest economies in the world and a major headwind for stocks. The Dow Jones Industrial Average DJIA, +1.38% rose 368 […]

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All 30 Dow stocks gain ground, led by Home Depot and Caterpillar

The Dow Jones Industrial Average DJIA, +1.38% shot up 329 points, or 1.4%, in midday trade Friday, will all 30 components contributing to gains. The blue-chip barometer, on track for the highest close since in six weeks, has now run up 13% since it closed at a 14-month low on Dec. 24. Of the biggest […]

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