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Homeownership among millenials is lower than their parents and grandparents.

Gains on Wall Street petered out on Friday, with the Nasdaq index turning negative, as an upbeat mood fueled by signs of upcoming U.S.-China trade talks and solid domestic consumer spending data, waned ahead of a long Labor day weekend.

Alphabet Inc's Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube's alleged violation of a children's privacy law, a person briefed on the matter told Reuters.

Hopes of easing trade tensions between China and the United States helped a gauge of global stocks edge higher on Friday despite weakness on Wall Street, though caution over pending U.S. tariffs on Chinese goods put the yuan on track for its biggest monthly decline in 25 years.

The U.S. Federal Reserve's favored measure of inflation increased last month at the pace expected by Wall Street for the first time this year.

Hans Rausing, the billionaire Swedish industrialist who helped turn Tetra Pak into one of the world's biggest food packaging companies, has died aged 93, his family said in a statement.

Airbus SE on Friday pulled out of a multibillion-dollar competition to supply Canada with 88 new fighter jets, a decision that boosts the chances of rival Lockheed Martin Corp .

U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.

Argentina's battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor's triggered automatic selling mechanisms at big pension funds.

The executive board of the International Monetary Fund will meet for an "informal information session" on Friday to discuss recent events in Argentina, an IMF spokesman said.

The Federal Aviation Administration said on Friday a blue-ribbon panel of experts around the world will need a few more weeks to finish its review into the Boeing 737 MAX certification.

Volkswagen AG must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the Environmental Protection Agency said vehicle software overstated real-world performance.

Fintech News Switzerland | Aug 26, 2019 The Swiss Financial Market Supervisory Authority FINMA has published guidance on how it applies Swiss anti-money laundering rules to financial services providers supervised by FINMA in the area of blockchain technology. FINMA has also issued banking licences to two new blockchain service providers. FINMA recognises the innovative potential

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Factory activity in China shrank in August for the fourth month in a row, official data showed on Saturday, as the United States ramped up tariff pressure and domestic demand remained sluggish.