July 27, 2018

Tech stocks weigh on Wall Street

Wall Street’s major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector. Powered by WPeMatico
July 27, 2018

Facebook is sued after stock plunge ‘shocked’ market

Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement […]
July 27, 2018

CBS probes misconduct claims against CEO Moonves amid legal battle

U.S. broadcasting and media company CBS Corp said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an […]
July 27, 2018

Facebook is sued after stock plunge

A shareholder of Facebook Inc on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg […]
July 27, 2018

BlackRock’s Rieder halved fund’s emerging market exposure

Top BlackRock Inc bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that […]
July 27, 2018

Trump hails growth as one-offs and consumers boost economy

The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans […]
July 27, 2018

Consumers, soybeans lift U.S. economic growth to 4.1 percent

The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans […]
July 27, 2018

CBS shares tumble on report of sexual misconduct by CEO Moonves

Shares of U.S. television network CBS Corp tumbled 6.3 percent to $53.88 midday on Friday after the Hollywood Reporter said that the New Yorker magazine would […]
July 27, 2018

Global stocks end fourth week of gains on sour note as investors jeer earnings

World shares were little changed on Friday as mixed corporate profits and economic data that only met expectations struggled to displace concerns over trade and central […]
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