Apple Inc on Friday confirmed that Uighurs, a minority mostly Muslim group considered a security threat by Beijing, had been the target of attacks due to a set of iPhone security flaws, but disputed its rival Alphabet Inc's description of the effort to track users of the smartphone in real time.
Wall Street advanced on Friday and Treasury yields pared their losses as upbeat remarks from Federal Reserve chair Jerome Powell and a Chinese economic stimulus package helped investors shrug off a weaker-than-expected U.S. jobs report.
U.S. stocks edged higher on Friday as China's stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that capped a week of mixed economic signals.
U.S. Federal Reserve Chair Jerome Powell on Friday defended the central bank against the suggestion it would use monetary policy to affect political outcomes or be moved to take action based on political considerations.
Wall Street's major indexes edged higher on Friday as investors digested mixed signals from the U.S. jobs report and bet on a Federal Reserve interest rate cut this month while China's stimulus plan helped ease some concerns around global growth.
Two groups of U.S. state attorneys general on Friday announced separate antitrust probes of large tech companies such as Alphabet's Google and Facebook .
Apple Inc on Friday confirmed that China's Uighurs, a mostly Muslim minority group considered a security threat by Beijing, had been the target of attacks due to iPhone security flaws, but disputed rival Alphabet Inc's description of the effort to track users of the smartphone in real time.
The U.S. Federal Reserve will continue to act "as appropriate" to sustain the economic expansion in the world's biggest economy, Fed Chair Jerome Powell said Friday in Zurich, sticking to a phrase that financial markets have read as signaling further interest-rate reductions ahead.
The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China's stimulus plan helped ease some concerns around global growth.
The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data.
WeWork owner The We Company plans to proceed with an investor roadshow for its initial public offering (IPO) as early as next week, braving concerns over the valuation it can achieve in a listing, people familiar with the matter said on Friday.
Spirit Airlines on Friday cut its third-quarter outlook for a key revenue measure as it estimates an about $25 million hit on its sales, hurt by hundreds of flights cancellations due to Hurricane Dorian.
White House economic adviser Larry Kudlow said on Friday the United States wants "near term" results from U.S.-China trade talks in September and October but cautioned that the trade conflict could take years to resolve.
U.S. job growth likely slowed further in August, but the pace of gains probably remains sufficient to keep the economy expanding moderately amid rising threats from trade tensions and weakness overseas that have left financial markets fearing a recession.
German Chancellor Angela Merkel said at the start of a visit to Beijing on Friday that the China-U.S. trade war affects the whole world and that she hopes it will be resolved soon.