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Markets

Commentary: This call to break up Big Tech is rather misguided

Silicon Valley’s value is to be celebrated, but we shouldn’t turn a blind eye to its problems, says an observer.

Markets

TikTok faces US breakup from Chinese parent as Microsoft circles: sources

The White House is preparing to force Chinese internet giant ByteDance to shed the U.S. operations of TikTok, as potential buyers, including Microsoft Corp , are already in talks to buy the popular short video app, people familiar with the matter said on Friday.

Markets

Microsoft weighs TikTok purchase as ad business flattens out

Microsoft Corp could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok's U.S. operations from ByteDance.

Markets

Facebook raises settlement to US$650 million in facial recognition lawsuit

Facebook Inc raised its settlement offer by US$100 million to US$650 million related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent, the company said on Friday.

Markets

US closes antitrust probe into London Stock Exchange Group acquisition of Refinitiv

The U.S. Justice Department has closed its antitrust investigation into the London Stock Exchange Group's acquisition of financial markets data firm Refinitiv, saying it would not harm competition or American consumers, the bureau said in a statement on Friday.

Markets

Trump to order Chinese firm to divest TikTok: Reports

President Donald Trump was preparing an order requiring the fast-growing social media app TikTok to be divested from its Chinese parent firm on national security grounds, media reports said Friday.

Markets

Megacap earnings lift Nasdaq but fiscal uncertainty weighs

The Nasdaq rose on Friday, lifted by strong earnings from some of the largest U.S. companies, but gains were curbed and the Dow and S&P lost ground as uncertainty about the government's next round of coronavirus aid exacerbated economic worries.

Markets

Canada says requirements for Huawei CFO’s extradition to US met, documents show

Canada's attorney general says the requirements for extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show.

Markets

Low-cost carrier Frontier says 35% of flight attendant, pilot jobs at risk

Frontier Airlines is preparing to send notices on Friday to employees warning that 35per cent of the budget carrier's flight attendants and pilots could be furloughed as early as Oct. 1, a spokeswoman told Reuters on Friday.

Markets

Apple loyalists prove physical stores not needed to drive iPhone sales: JPMorgan

Apple customer loyalty and response to the COVID-19 pandemic have proven brick-and-mortar stores are not essential to drive sales of its products, J.P.Morgan said on Friday, as the iPhone maker's blockbuster quarterly results pushed its shares up 7per cent.

Markets

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