Thursday, 3 September 2020

Apple to delay privacy change threatening Facebook, mobile ad market

Apple to delay privacy change threatening Facebook, mobile ad market

Apple Inc said on Thursday that it will delay until early next year changes to its privacy policy that could reduce ad sales by Facebook Inc and other companies targeting users on iPhones and iPads.

Broadcom sees quarterly revenue above estimates as 5G phone rollouts loom

Broadcom Inc forecast current-quarter revenue above Wall Street estimates on Thursday, encouraged by the upcoming 5G phone launches and strong demand for its data-center chips from the growing remote work market.

Techs lead stock sell-off, dollar edges up

A gauge of global stocks fell on Thursday from a record high in its biggest one-day decline in nearly three months as the technology sector sold off, while the dollar continued its bounce from more than two-year lows.

New York hedge fund founder charged with fraud over Neiman Marcus bankruptcy

The founder of a New York hedge fund was criminally charged on Thursday with pressuring a rival not to bid for assets related to Neiman Marcus' bankruptcy so he could buy them at a lower price, the U.S. Department of Justice said on Thursday.

Oil prices continue to slide as U.S. data feeds fuel demand worry

Oil prices settled lower on Thursday, at one point touching their lowest since early August as U.S. unemployment data fed fears of a slow recovery for the economy and fuel demand a day after weak U.S. gasoline demand data.

Wall Street ends lower on tech sell-off, investors eye slow recovery

Wall Street's main indexes closed sharply lower on Thursday, marking their deepest one-day dives in months as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.

German prosecutors drop probe into FT over Wirecard

German prosecutors have dropped their investigation into journalists of the Financial Times in connection with its reporting on the corporate fraud at payments firm Wirecard that eventually led to its collapse.

Ahead of U.S. August jobs data, high frequency numbers still show stodgy progress

The U.S. economic recovery continued to hunt for traction over the past week with high frequency data on employment and retail traffic moving at a stodgy pace, pointing to a long trip back to normal.

U.S. weekly jobless claims below one million; but labor market recovery ebbing

The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labor market.

Jeep rolls out Wagoneer SUVs in challenge to GM and Ford

Fiat Chrysler Automobiles NV on Thursday unveiled its new family of Jeep Wagoneer and Grand Wagoneer sport utility vehicles, and the head of the Jeep brand told Reuters he wants to match or beat the sales of rival models made by General Motors Co .

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