 | | | | Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world's largest economy may be sliding into a recession. | | | | | | Last month's slowdown in U.S. jobs growth may be a sign weakness in manufacturing is spreading to the broader economy, or it could simply reflect an expected downshift in a fundamentally healthy labor market. | | | | | | A report showing a modest increase in U.S. jobs lifted world equity benchmarks broadly on Friday, restoring calm after one of the worst weeks for stocks in months. | | | | | | Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline. | | | | | | FBI Director Christopher Wray said Friday that Facebook Inc's proposal to encrypt its popular messaging program would turn the platform into a "dream come true for predators and child pornographers." | | | | | | Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after a series of internet videos showed problems with cars running new software. | | | | | | U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from frozen deliveries of Boeing Co's 737 MAX. | | | | | | Spain has summoned the U.S. ambassador in Madrid to express its complete rejection of any new U.S. tariffs on European Union goods and will press for strong counter measures if they are confirmed, the acting government said on Friday. | | | | | | President Donald Trump hailed a "nice victory" on Thursday after the United States got the green light to place tariffs on European Union goods in a dispute over EU aircraft subsidies. | | | | | | European cheese makers complained on Thursday of being held "hostage" in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus. | | | | | | U.S. state officials launched a legal counterattack on Friday against Purdue Pharma LP's attempt to shield itself and its controlling Sackler family from thousands of lawsuits claiming the OxyContin maker helped fuel the opioid epidemic. | | | | | |
