Exclusive: Key EU lawmaker’s plan to rein in online marketplaces a threat to Amazon
Amazon could face a threat other than just EU antitrust scrutiny after a key EU lawmaker announced proposals aimed at curbing online marketplaces’ use of merchants’ data to boost sales of own brand products.
Facebook says attackers stole details from 29 million users
Facebook Inc said on Friday it had confirmed that the attackers in the mass security breach it announced late last month accessed the accounts of about 30 million people in total and stole name and contact details for 29 million.
Tech bounce leads Wall Street higher after two-day tumble
Wall Street rose on Friday following its worst two-day slide in eight months as technology and other high-growth stocks led a fight back, while early gains from strong earnings of the biggest U.S. lenders, including JPMorgan, faded.
U.S. banks profit from higher rates, more loans and lower costs
Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue.
With risky bets back in play, stock selloff revives ‘Volmageddon’ memories
Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.
New communication sector’s shine could soon wear off
The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index as its highest fliers face regulatory threats and challenges to user growth.
Tech stocks lead Wall Street’s bounce after two-day slide
Wall Street climbed more than 1 percent on Friday following its worst two-day slide in eight months, with technology and other high-growth stocks leading a fight back.
World shares rebound but remain on track for weekly loss
Stock markets worldwide bounced back on Friday after a multi-day selloff that left the equity markets on track for their biggest weekly losses in months, while U.S. Treasury yields moved higher and the dollar held its gains.
Trump’s ethanol plan: Hype now, legal fights later
President Donald Trump’s hyping of a plan to boost ethanol demand drew cheers at an Iowa rally on Tuesday, but the oil refining industry has promised a lawsuit to block the move, so victory for Midwest farmers is far from certain.
GE delays third-quarter earnings by a week
General Electric Co put off publication of its third-quarter results by almost a week on Friday to allow new Chief Executive Officer Larry Culp to complete business reviews and site visits.
