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 growth in the last quarter slowed less than expected provided some relief.
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 Union official told Reuters on Friday.
ECB’s Draghi defends his independence amid attacks from Italy
The head of the European Central Bank, Mario Draghi, defended his independence on Friday as members of the Italian ruling coalition attacked him over “improper” remarks about the country’s political situation.
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 headache facing the bank over its conduct during the financial crisis.
UK supermarket Asda to consult on up to 2,500 possible job losses
British supermarket Asda , which is subject to a proposed takeover by rival Sainsbury’s , said on Friday it would start consulting with staff over the potential loss of up to 2,500 jobs next year.
U.S. economic growth slows less than expected in third quarter
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 it on track to hit the Trump administration’s 3 percent g…
Stock futures cut losses as healthy GDP growth dulls pain of corporate slowdown
U.S. stock index futures dropped on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but losses were cut on data showing economic growth slowed less than expected last quarter.
Snap shares sink as two million users move on
Snap Inc shares plunged 14 percent on Friday after the Snapchat-owner posted its second straight quarter of user losses and forecast further declines, a boost for Facebook Inc’s Instagram ahead of its results next week.
Unilever adjourns meetings where Dutch move would’ve sought approval
Unilever on Friday said meetings where it had planned to seek court and shareholder approval to move its headquarters to the Netherlands have been adjourned indefinitely after its decision to scrap the move in the face of a shareholder revolt.
Amazon shares sink 10 percent on growth worries
Shares of Amazon.com Inc fell 10 percent in trading before the bell on Friday after its sales outlook missed Wall Street targets, fanning concerns that the online retailer’s expansion may finally be losing steam.
