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 […]
July 27, 2018

Factbox: Trump touts strong economy; facts are more nuanced

U.S. President Donald Trump on Friday hailed a report on economic growth as a sign that the economy was mounting a remarkable turnaround under his stewardship. […]
July 27, 2018

Tech, healthcare stocks weigh on Wall Street

U.S. stock indexes were lower on Friday as weak earnings reports from Intel and Twitter dragged on the technology sector and as healthcare stocks were pressured […]
July 27, 2018

Intel shares slip on fears of AMD data center chip challenge

Intel Corp shares fell 9 percent on Friday, after the chipmaker’s upbeat results were overshadowed by concerns that Advanced Micro Devices Inc may be chiseling off […]
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