Today's Top Story
Trump orders ByteDance to divest interest in U.S. TikTok operations within 90 days
WASHINGTON (Reuters) - President Donald Trump ordered ByteDance on Friday to divest the U.S. operations of its video-sharing app TikTok within 90 days, the latest effort to ramp up pressure on the Chinese company over concerns about the safety of the personal data it handles. Read More
Business News
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Facebook bashes Apple for refusing to waive commission fees, seizing on backlash
(Reuters) - Facebook Inc
said on Friday that Apple Inc had declined its request to waive a 30% commission fee the iPhone maker charges apps listed on iOS devices, taking a shot at its fellow Big Tech peer as developers challenge the policy. -
Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold
(Reuters) - Warren Buffett's Berkshire Hathaway Inc
said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc . -
U.S. prosecutors probe ex-NASA official, Boeing over space contract: sources
WASHINGTON/SEATTLE (Reuters) - The U.S. Justice Department has opened a criminal probe into whether NASA's former head of human spaceflight gave Boeing Co
improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday. - More Business News»
Economic News
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U.S. retail sales slow in July; obstacles mount for nascent economic recovery
WASHINGTON (Reuters) - U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.
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Wall Street Week Ahead: Biden victory? Disputed election? Wall Street prices in November outcomes
NEW YORK (Reuters) - Investors are girding their portfolios for market moves ahead of the U.S. presidential vote, as election season kicks into higher gear with the Democratic National Convention in the coming week.
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Exclusive: U.S.-China trade deal review postponed as China ramps up farm, energy purchases
WASHINGTON (Reuters) - The United States and China have delayed a review of their Phase 1 trade deal initially slated for Saturday, sources familiar with the plans told Reuters, citing scheduling conflicts and the need to allow time for more Chinese purchases of U.S. exports.
- More Economic News»
Money News
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Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold
(Reuters) - Warren Buffett's Berkshire Hathaway Inc
said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc . -
Column: Trump tax deferral poses a bigger threat to Social Security than you might think
CHICAGO (Reuters) - What happens to Social Security if we eliminate its funding?
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U.S. equity funds post $5.6 billion weekly inflow: Lipper
(Reuters) - U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper.
- More Money News»
