 | | | | Facebook Inc said on Friday it will start labeling newsworthy content that violates the social media company's policies, and label all posts and ads about voting with links to authoritative information, including those from politicians. | | | | | | Wall Street's major indexes tumbled on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases and as financial shares tumbled after the Federal Reserve moved to cap bank dividend payments. | | | | | | Oil prices settled lower on Friday as new coronavirus cases spiked in the United States and China, and on growing concerns about rising U.S. output ticking up while crude stockpiles sat at record highs. | | | | | | U.S. consumer spending rebounded by the most on record in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month. | | | | | | Consumers in southern U.S. states where COVID-19 infections spiked to record levels after authorities rushed to reopen businesses were less optimistic about economic conditions in June than residents in areas that proceeded more cautiously and followed the advice of health experts. | | | | | | The European Union is investigating Germany's financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU's rotating presidency. | | | | | | A Filipino lawyer embroiled in a multi-billion dollar fraud at Wirecard, Mark Tolentino, told Reuters that he was surprised to be linked to the German payments firm and that he was the "victim of a frame-up". | | | | | | Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. | | | | | | Canada's Supreme Court on Friday ruled in favor of a driver in a gig economy case that paves the way for a class action suit calling for Uber Technologies Inc to recognize drivers in Canada as company employees. | | | | | | Four major automakers will not take a position on legal challenges to the Trump administration's decision in March to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters. | | | | | |
