Apple says Uighurs targeted in iPhone attack but disputes Google’s findings
Apple Inc on Friday confirmed that Uighurs, a minority mostly Muslim group considered a security threat by Beijing, had been the target of attacks due to a set of iPhone security flaws, but disputed its rival Alphabet Inc’s description of the effort t…
Fed chair Powell’s remarks, China stimulus help markets look past weak U.S. jobs data
Wall Street advanced on Friday and Treasury yields pared their losses as upbeat remarks from Federal Reserve chair Jerome Powell and a Chinese economic stimulus package helped investors shrug off a weaker-than-expected U.S. jobs report.
Wall Street ekes out gains after China stimulus plan, jobs data
U.S. stocks edged higher on Friday as China’s stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that capped a week of mixed economic signals.
Fed’s Powell says politics play no role in interest-rate decisions
U.S. Federal Reserve Chair Jerome Powell on Friday defended the central bank against the suggestion it would use monetary policy to affect political outcomes or be moved to take action based on political considerations.
Wall St. week ahead: Another recent inversion could provide support for stocks
A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August.
U.S. wants ‘near term’ results from new China trade talks: Kudlow
The Trump administration wants to see “near term results” from U.S.-China trade talks in September and October, White House economic adviser Larry Kudlow said on Friday, but he declined to predict any outcomes or say if U.S. tariff delays were possible…
U.S. hiring slows; wages, hours offer silver lining
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
Fed will continue to act ‘as appropriate’ to sustain U.S. growth
The U.S. Federal Reserve will continue to act “as appropriate” to sustain the economic expansion in the world’s biggest economy, Fed Chair Jerome Powell said Friday in Zurich, sticking to a phrase that financial markets have taken to signal further rat…
U.S. launches antitrust probe into California automaker agreement
The U.S. Justice Department is investigating whether the decision of four automakers in July to reach a voluntary agreement with California to adopt state emissions standards violated antitrust law, people briefed on the matter said on Friday.
Big Tech companies like Facebook, Amazon to face antitrust probe by U.S. state attorneys general
A bipartisan group of state attorneys general will announce on Monday an investigation into large tech companies, like Facebook and Google, for potential violations of antitrust law, Texas Attorney General Ken Paxton’s announced on Friday.
