Wall St. rebounds from sell-off as tech soars
Wall Street indexes snapped a losing streak on Friday and technology stocks came roaring back after a week of blistering losses as investors looked for bargains ahead of earnings season even as worries about U.S.-China trade tensions lingered.
Global stocks rebound but remain on track for weekly loss
Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains.
U.S. weapons makers rattled over Saudi Arabia deals
Major U.S. defense contractors have expressed concern to the Trump administration that lawmakers angered by the disappearance of a Saudi journalist in Turkey will block further arms deals with Saudi Arabia, a senior U.S. official told Reuters on Friday…
U.S. lawmakers urge Canada to snub China’s Huawei in telecoms
Two leading U.S. lawmakers, both sharp critics of China, urged Canadian Prime Minister Justin Trudeau on Friday to consider dropping China’s Huawei Technologies [HWT.UL] from helping to build next-generation 5G telecommunications networks.
Exclusive: Sears aims to close up to 150 stores in bankruptcy – sources
Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.
Tesla makes 7,400 Model 3s so far in October: Electrek
Tesla Inc has produced more than 11,500 cars, including about 7,400 Model 3s, so far this month, automotive news website Electrek reported on Friday, citing a source familiar with the matter.
Graphic: U.S. banks enjoy benefits of a growing economy, lower taxes
The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.
Most S&P 500 stocks are deep in correction territory
As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500’s components in correction territory, or worse.
Hackers stole details of 29 million users in Facebook breach
Facebook Inc said on Friday attackers stole names and contact details of 29 million users in the mass security breach disclosed by the social media network late last month.
Wall St. supported by tech bounce after two-day slump
Wall Street rose on Friday after a bounce in technology and other high-growth stocks led a fight back from its worst two-day slide in eight months, while early gains from strong earnings of the biggest U.S. lenders faded.
