October 26, 2018

Wall Street resumes selloff; S&P flirts with correction

U.S. stocks resumed their selloff on Friday, with the S&P poised to join the Nasdaq in correction territory, sparked by grim earnings reports from Alphabet and […]
October 26, 2018

‘Fortnite’ creator Epic Games raises $1.25 billion from KKR, others

Epic Games, creator of popular online video game “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc , […]
October 26, 2018

Long-term care policies loom over U.S. life insurance results

Big U.S. life insurers are bracing for elevated payouts to owners of long-term care policies, which cover expenses like assisted living for infirmed and elderly customers. […]
October 26, 2018

Wall St sinks as Amazon, Alphabet earnings spark growth concerns

U.S. stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic […]
October 26, 2018

Hog industry worldwide getting slaughtered in trade war

Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. Powered by […]
October 26, 2018

Euro zone to discuss Italy budget, despite Rome’s objection – sources

Euro zone finance ministers will discuss Italy’s 2019 draft budget at their next meeting, on Nov. 5, despite Italian requests to postpone the talks, a European […]
October 26, 2018

ECB’s Draghi defends his independence amid attacks from Italy

Central banks must remain independent from governments if they are to control inflation, the head of the European Central Bank said on Friday, as he was […]
October 26, 2018

Britain’s SFO denied permission to reinstate charges against Barclays

A judge on Friday denied the Serious Fraud Office’s application to reinstate charges against Barclays over its 2008 capital raising, potentially ending the biggest remaining legal […]
October 26, 2018

Stock futures sink as Amazon, Alphabet spark fresh selloff ahead of GDP data

U.S. stock index futures plunged on Friday as disappointing results from behemoths Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, ahead of […]
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