Wall Street jumps as tech, bank shares gain

(Reuters) – U.S. stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel shares leading the advance.FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York […]

SMIC's Hong Kong shares tumble after U.S. tightens export restrictions

FILE PHOTO: Chinese and U.S. flags flutter near the Bund in Shanghai, China July 30, 2019. REUTERS/Aly Song/File PhotoHONG KONG (Reuters) – Hong Kong-listed shares of Semiconductor Manufacturing International Corp fell more than 7% on Monday after the United States imposed restrictions on exports to China’s biggest chip maker, citing a risk of military use. […]

Judge to hold hearing Sunday on planned TikTok U.S. app store ban

WASHINGTON (Reuters) – A judge will hold a hearing on Sunday on whether to allow a Commerce Department ban on new TikTok downloads from Apple Inc and Alphabet Inc Google app stores from taking effect.FILE PHOTO: TikTok’s logo is displayed on the smartphone while standing on the U.S. flag in this illustration picture taken, November […]

Rise in virus cases adds to economic uncertainty ahead of U.S. election

(Reuters) – With COVID-19 deaths in the U.S. topping 200,000 this week following a rise in new daily cases last week for the first time in eight weeks, the role of the economy in the looming presidential election could take on heightened importance — but it is not clear how.FILE PHOTO: Yard signs supporting U.S. […]

U.S. tells judge it opposes TikTok effort to halt app store ban

FILE PHOTO: TikTok’s logo is displayed on the smartphone while standing on the U.S. flag in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic/WASHINGTON (Reuters) – The U.S. Justice Department said Friday it will oppose a request from TikTok to delay an ban on U.S. app stores Apple Inc and Alphabet Inc Google set […]

S&P 500, Dow set to extend longest losing spree in a year

(Reuters) – The S&P 500 and the Dow were to set to open lower on Friday, extending their longest losing spree in a year as fears about the outlook for the economy in a future still dominated by the coronavirus weighed on investor sentiment.FILE PHOTO: Traders wearing masks work, on the first day of in […]

S&P 500, Dow set to extend longest losing spree in a year

(Reuters) – The S&P 500 and the Dow were to set to open lower on Friday, extending their longest losing spree in a year as fears about the outlook for the economy in a future still dominated by the coronavirus weighed on investor sentiment.FILE PHOTO: Traders wearing masks work, on the first day of in […]

Futures retreat on doubts over more fiscal stimulus

(Reuters) – U.S. stock index futures fell on Friday as investors remained skeptical of more fiscal stimulus needed to shore up a domestic economy hammered by the pandemic-driven recession.FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the […]

Facebook suspends fake Russian accounts, warns of U.S. election hack-and-leak threat

LONDON (Reuters) – Facebook Inc FB.O said on Thursday it has dismantled three networks of fake accounts which could be used by Russia’s intelligence services to leak hacked documents as part of efforts to disrupt the upcoming U.S. election.FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December […]

U.S. labor market slowing as fiscal stimulus fades

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding.FILE PHOTO: Rose Carter, of Lexington, waits in a line outside a temporary unemployment office established by the Kentucky Labor Cabinet […]