Tech rout deepens, Nasdaq set for worst two-day fall since March

The Nasdaq was on track for its worst two-day fall since mid-March on Friday as investors dumped heavyweight technology stocks, while concerns around a patchy economic recovery also hit the S&P 500 and the blue-chip Dow.

Wall Street selloff bruises growth, but value still not in vogue

Wall Street's two-day tech selloff has hurt growth stocks much more than value stocks, but that may not signal the start of a shift in favor between the two groups that some investors have long anticipated.

Oil falls 3%, posts weekly drop on demand concerns

Oil prices fell more than 3% on Friday and posted their biggest weekly decline since June as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about weak oil demand.

SoftBank option purchases raise eyebrows as Wall Street backtracks

SoftBank Group Corp made significant option purchases during the run-up in the U.S. stock market in recent weeks as a way of temporarily investing some of its proceeds from asset sales, people familiar with the matter said on Friday.

U.S. job growth loses speed as fiscal stimulus ebbs

U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy's recovery from the deep COVID-19 recession.

U.S. rural telecom networks need $1.8 billion to remove Huawei, ZTE equipment: FCC

U.S. rural telecommunications networks, which have relied on inexpensive network equipment from China's Huawei Technologies Co and ZTE Corp , have told the government that it would cost $1.837 billion to replace those switches and routers, the Federal Communications Commission said on Friday.

Ryanair CEO bonus challenged as crisis sparks pay scrutiny

Ryanair boss Michael O'Leary's proposed 458,000 euro ($540,600) annual bonus came under fire on Friday, as an influential investor advisory firm urged shareholders to oppose the package in a non-binding vote later this month.

Goldman Sachs, Morgan Stanley lower stress capital buffers after Fed's correction

Goldman Sachs Group Inc and Morgan Stanley on Friday revised lower two key measures of the banks' ability to deploy cash in an emergency, after the Federal Reserve said it made an error in its June stress test results.

Fast take: The jobs report and the U.S. presidential race

An unexpectedly steep drop in the U.S. unemployment rate last month looks to offer fresh ammunition for President Donald Trump as he stumps for votes contending he is the better choice for the U.S. economy in the run-up to the Nov. 3 presidential election.

Colombia orders Google to comply with data protection rules

Colombian regulators on Friday ordered Alphabet Inc's Google to clearly ask each user whether the world's largest search engine can use their personal data which is being captured without authorization.

Related Videos

U.S. new weekly jobless claims down below 1M

Sanofi, GSK launch vaccine trials

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS