Economy

Wall Street's S&P 500 hit a record closing high on Friday after investors brushed aside doubts about progress in US-China trade talks. The Dow Jones industrial average <.DJI> was up 5.9 points, or 0.02 percent, at 27,668.70. The Standard & Poor's 500 Index <.SPX> was up 7.90 points, or
Russia cut its oil production in October to 11.23 million barrels per day (bpd) from 11.25 million bpd in September, failing to fulfill its commitment under the global production cut deal, data from the Energy Ministry revealed. The Organization of the Petroleum Exporting Countries (OPEC) and independent producers, including
Fitbit has announced an agreement with Google to acquire Fitbit, the US sports wearable company, for nearly $ 2.1 billion. Google will pay $ 7.35 per share, and the deal is expected to close next year with the approval of shareholders and government officials, the statement said. Shares of
Between mid-2018 and 2019, the number of millionaires has risen by more than 1 million worldwide (1.1 million in particular), despite the slowdown in global economic growth and trade wars, according to an annual report by Credit Suisse. The rise in the number of millionaires over the past year
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