Wall Street's main indexes tumbled on Thursday and were on track for their deepest one-day dives since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
The founder of a New York hedge fund was criminally charged on Thursday with pressuring a rival not to bid for assets related to Neiman Marcus' bankruptcy so he could buy them at a lower price, the U.S. Department of Justice said on Thursday.
German prosecutors have dropped their investigation into journalists of the Financial Times in connection with its reporting on the corporate fraud at payments firm Wirecard that eventually led to its collapse.
The U.S. economic recovery continued to hunt for traction over the past week with high frequency data on employment and retail traffic moving at a stodgy pace, pointing to a long trip back to normal.
The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labor market.
Fiat Chrysler Automobiles NV on Thursday unveiled its new family of Jeep Wagoneer and Grand Wagoneer sport utility vehicles, and the head of the Jeep brand told Reuters he wants to match or beat the sales of rival models made by General Motors Co .
A gauge of global stocks tumbled on Thursday from a record high in its biggest one-day decline in nearly three months as the technology sector sold off, while the dollar continued its bounce from more than two-year lows.
Oil prices fell on Thursday, at one point touchig their lowest since early August as U.S. unemployment data fed fears of a slow recovery for the economy and fuel demand a day after weak U.S. gasoline demand data.
The European Union's top court ruled on Thursday that an Italian law forcing French Vivendi to forfeit a stake in Milan-based TV group Mediaset violated the bloc's rules, potentially allowing a shake-up of the country's media industry.
Apple Inc said on Thursday that it will delay until early next year changes to its privacy policy that could reduce ad sales by Facebook Inc and other companies targeting users on iPhones and iPads.
