‘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 , Iconiq Capital and Smash Ventures.
U.S. economic growth slows slightly in third quarter; outlook less upbeat
The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping growth on track to hit the Trump administration’s 3 percen…
Fortnite creator Epic games raises $1.25 billion from investors
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 , Iconiq Capital and Smash Ventures.
Stocks slide globally, U.S. Treasury prices rise
Stock markets around the world fell on Friday on track for their longest weekly losing streak since 2013 while U.S. Treasury prices rose along with demand for safer bets as better than expected U.S. economic data did little to assuage anxiety over disa…
Soothing words from Fed as rate hits ceiling for first time
Federal Reserve officials have tried this week to ease concerns on Wall Street that bank reserves are growing scarce and that the Fed’s key rate will edge up above a policy range, possibly forcing it to permanently hold more assets than planned.
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 Amazon that eclipsed data showing the U.S. economy continued to grow at a healthy clip.
Britain’s SFO denied permission to charge Barclays over 2008 fundraising
A High Court judge has denied a Serious Fraud Office application to charge Barclays over its 2008 capital raising, potentially ending the biggest remaining legal headache facing the British bank over its conduct during the financial crisis.
McDonald’s to invest $205 million in South Africa over next five years
U.S. fast-food giant McDonald’s Corp will invest 3 billion rand ($205 million) in South Africa over the next five years, the company said on Friday.
EU clears Sony to take full control of EMI Music
The European Commission said on Friday that it had approved Sony Corp’s plan to take full control of EMI Music Publishing, saying the deal would not raise competition concerns.
Weak Amazon, Alphabet results ignite growth worries
Shares of Amazon.com Inc dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.
