 | | | | Walmart Inc could turn into an online advertising leader if its plan to acquire popular short-form video app TikTok goes through, analysts said on Friday. | | | | | | Billionaire hedge fund manager William Ackman touted the success of his funds on Friday, citing attractive valuations for his holdings and saying he has up to $7 billion to invest in a private company, while saying that opening stock ownership to all Americans is a key to political stability. | | | | | | Wall Street advanced on Friday pushed higher by technology stocks, with the S&P 500 on track for its sixth record closing high since confirming a bull market on Aug. 18. | | | | | | The Trump administration has determined that another 11 Chinese firms, including construction giant China Communications Construction Company, are owned or controlled by the Chinese military, laying the groundwork for new sanctions. | | | | | | Global equity markets rose to a new high on Friday as U.S. consumer spending in July suggested a strong economic rebound lies ahead, while the Japanese yen surged on safe-haven buying after Prime Minister Shinzo Abe resigned for health reasons. | | | | | | Oil prices inched lower on Friday as Hurricane Laura passed the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage and companies began to restart operations. | | | | | | Casino operator MGM Resorts International informed its staff on Friday it would lay off 18,000 furloughed employees in the United States as the coronavirus-induced travel curbs hurt its operations. | | | | | | U.S. stocks are rallying, but so too is Wall Street's "fear gauge," in an unusual twist. | | | | | | Canada has completed simulator and flight tests of Boeing Co's 737 MAX jetliner, which was grounded worldwide after two fatal crashes, and is analyzing the results, the Transport Ministry said in a statement on Friday. | | | | | | Sanofi's confidence in its coronavirus vaccine candidates has increased this summer as the French drugmaker prepares to start clinical trials, its chief executive told Reuters. | | | | | |
