 | | | | Facebook Inc said on Friday that Apple Inc has declined its request to waive off the 30% commission fee it takes from apps listed on iOS devices, publicly critiquing a fellow big tech peer. | | | | | | Stocks dipped on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. | | | | | | 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. | | | | | | Oil prices edged lower on Friday on worries that demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. | | | | | | Shares of German biotechnology firm CureVac BV soared as much as 222% after their Nasdaq debut on Friday, in the first stock market opening of a company developing a potential vaccine to combat the novel coronavirus. | | | | | | The S&P 500 was near flat, hovering below record highs, on Friday as data showed the U.S. economy was still hurting from the COVID-19 pandemic, adding to uncertainty over the recovery. | | | | | | The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp , said on Friday it has joined over a dozen trade groups to form a coalition to fight counterfeit goods on online platforms such as Amazon.com Inc . | | | | | | "Fortnite" creator Epic Games found support from its legions of gamers, Tinder-owner Match Group and Spotify for suing Apple and Google after the tech giants dropped the popular video game from their app stores for violating payment guidelines. | | | | | | Even with nearly a fifth of the labor force collecting unemployment benefits in July, Americans continued spending with relative gusto, driving retail sales back to pre-coronavirus levels as they shifted shopping online, brought their food home, and stocked up on new appliances. | | | | | | U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. | | | | | |
