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US stocks are showing positive movement, potentially ending a quiet week with gains. Investors are awaiting the outcome of US-China trade talks in Switzerland, with concerns about recession looming if tariff issues aren't resolved. Company earnings are influencing the market, with Lyft and Taiwan Semiconductor Manufacturing experiencing notable gains, while Expedia faced a decline due to softer demand.
Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability. Job cuts would be needed "in order for us to perform at a competitive level against other firms", he told the Nikkei.
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