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Apple was edged out of the top five smartphone vendors' list in China in the second quarter, as competition from domestic brands such as Huawei intensifies, according to a Canalys report.
Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website.
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.
OpenAI on Thursday announced a prototype of its search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources."
Stock futures rose on Friday morning as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve's preferred inflation gauge.
NatWest's first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products.
LONDON — European markets were higher on Friday as a global stock selloff eased and investors awaited a U.S. inflation print.
Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.