Nike, energy stock help Wall St steady, but chip stocks weigh
(Reuters) – Nike and energy companies led modest gains in U.S. stocks on Friday, amid lingering fears of a trade war, although a Micron-led slump in semiconductor companies kept gains in check.
Dropbox shares surge in biggest tech debut since Snap
(Reuters) – Dropbox Inc’s shares soared by as much as 50 percent in their first day of trading on Friday as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider tech sector languished.
Bank of America pays record $42 million penalty over masking stock trades
(Reuters) – Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York state that it fraudulently routed millions of client orders to trade stocks to outside firms, including a firm once run by Bernard Madoff…
Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017
(Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank’s lackluster performance in 2017.
Nike lifts S&P and Dow, chip stocks weigh on Nasdaq
(Reuters) – The S&P 500 and the Dow were lifted by gains in Nike on Friday, but the tech-heavy Nasdaq was weighed down by losses in chip stocks led by Micron Technology.
U.S. House panel formally asks Facebook CEO to testify on user data
WASHINGTON (Reuters) – The leaders of the U.S. House Energy and Commerce Committee on Friday wrote Facebook Inc chief executive Mark Zuckerberg detailing new concerns about the social media company’s use of data and formally requesting that he testify…
China’s Tencent loses $51 billion in market value in two days
HONG KONG (Reuters) – Tencent Holdings Ltd’s shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm’s largest shareholder, Naspers Ltd , lowered its stake for the first time in 17 year…
End to Boeing trade case good news for aerospace: Bombardier
MONTREAL (Reuters) – Boeing Co’s decision to end its trade case over the sale of Bombardier CSeries jets to U.S. carriers is good news for the aerospace industry and the public, the Canadian plane and train maker said on Friday.
Wall Street set to open flat amid trade war fears
(Reuters) – U.S. stock futures pared losses and were flat half-an-hour ahead of the opening bell on Friday as investors assessed the global implications of a potential trade war between the United States and China.
Spotify says about two million users suppressing ads without paying
(Reuters) – Music streaming service Spotify Technology SA [SPOT.N] said on Friday about 2 million of its non-paying users were suppressing advertisements, highlighting a potential revenue risk for the soon-to-be public company.
