Apple told CNBC in a statement that it does not expect the launch of Apple TV+ "to have a material impact on our financial results," as Goldman estimated.
Wall Street was mixed on Friday, with the S&P 500 and the Dow hovering just below all-time highs as cautious optimism regarding easing U.S.-China trade tensions was held in check by a drop in Apple stock.
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
Christine Lagarde will face a momentous decision in her first year as European Central Bank President: give up on reviving inflation or give in to the temptation of bankrolling governments with neverending bond purchases.
Conservative policymakers slammed the European Central Bank's lavish stimulus measures on Friday, voicing doubts about the need and effectiveness of a package that could consume most of the bank's remaining firepower.
A new report by International Living, a guide to retirement abroad, ranks the best destinations by their weather. The locales at the top feature steamy beaches as well as cooler highlands.
The London Stock Exchange emphatically rejected a $39 billion takeover offer from the Hong Kong bourse on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv.
Ford Motor Co said on Friday it was recalling some 2017 Explorer SUVs after receiving reports of 31 people injuring their hands on sharp edges down the side of the front seat.
The market is inches away from its all-time highs on renewed trade hopes, but things can change on a dime in this headline-sensitive environment.
WeWork should pull its IPO because the negative sentiment around slashing its valuation could be contagious in the overall stock market, says CNBC's Jim Cramer.
The S&P 500 and Dow Jones Industrials indexes opened modestly higher on Friday, on growing optimism around trade talks between the United States and China as well as stronger-than-expected domestic retail sales.
Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to change a U.S. law that has allowed social media platforms to flourish.
California power producer PG&E Corp said on Friday it has reached an $11 billion settlement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires.
After seven straight positive sessions, the Dow is set to open near its July record highs.
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