Shares of Alphabet Inc rose nearly 9% in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health.
Italy has picked the consulting firm Deloitte as it financial adviser in setting up a 500 million-euro real estate fund in an effort to squeeze money out of the property it owns, an official told Reuters on Friday.
President Donald Trump's administration faces a growing list of hurdles that could scuttle its ambitions to remove U.S. mortgage giants Fannie Mae and Freddie Mac from their government lifeline.
The Trump administration wants to take Fannie and Freddie out of government conservatorship, but doing so will be complicated due to the central role they play in the housing market and the Treasury's holdings in the two firms. [L2N24J0YC]
U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on its Chinese-made parts for its Mac Pro computer.
U.S. FedEx Corp on Friday again apologized and blamed Washington's ban on Huawei for being "unclear" as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
The U.S. Justice Department is expected to announce on Friday it is approving the $26 billion merger of Sprint Corp and T-Mobile US Inc, according to sources briefed on the matter.
U.S. stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showed the domestic economy slowed lesser than expected in the second quarter.
Oil prices steadied on Friday and were on track for a weekly increase as geopolitical tensions in the Middle East and concerns over the safety of oil transport in the Gulf countered slowing U.S. economic growth amid a U.S.-China trade war.
The U.S. Justice Department said on Friday it is approving T-Mobile US Inc's takeover of rival Sprint Corp, clearing a major hurdle to a deal that would merge the nation's third and fourth largest wireless carriers.
Life insurance is probably the last thing on your mind if you're in your 20s and 30s. Surprise — those are probably prime years for buying coverage. Here's what you should know.
Wanda Sports Group , a sport events owner whose interests include selling sponsorship rights to the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $190.4 million. The Beijing-based company, a unit of Chinese conglomerate Dalian Wanda Group, sold about 23.8 million American depositary shares (ADS) at $8 each, compared with a previously stated target of selling 28 m
U.S. Federal Reserve Chairman Jerome Powell will have to walk a fine line to avoid roiling the stock market next week, even if the central bank delivers on expectations and lowers interest rates for the first time in more than a decade.