Stock Market & Investment News

NEW YORK: Global shares rose on Friday as Wall Street rallied to end a volatile week of trading, while oil jumped 4% on the back of record-high U.S. gas prices. Read full story

NEW YORK: Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil. Read full story

NEW YORK: Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the tumble in equities may not be over. Read full story

WASHINGTON: Malaysia views U.S. President Joe Biden’s proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact to lure investment from global companies, Malaysia’s trade minister said on Friday. Read full story

WASHINGTON: U.S. President Joe Biden said on Friday a first summit in Washington with leaders from the Association of Southeast Asian Nations (ASEAN) marked the launch of a “new era” in the relationship between the United States and the 10-nation bloc. Read full story

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc TWTR.N was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Read full story