Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
European stocks closed higher on Friday, as investors reacted to progress in Brexit negotiations and a long-sought deal regarding global banking regulations.
The pan-European Stoxx 600 was up almost 0.8 percent, with almost all sectors and major bourses in positive territory.
Europe's banking index led the gains on Friday morning, up more than 2 percent after global regulators signed a long-awaited agreement in the previous session. The deal represents the last piece of the Basel III puzzle and is a compromise between U.S. and European regulators over capital levels and measurements of risk in the industry. ABN AMRO and Danske Bank led the sector, each trading more than 4 percent higher on the news.
Meanwhile, basic resources stocks — with their heavy exposure to China — were trading up more than 1 percent. A robust rebound in Beijing's iron ore and copper imports appeared to stem a recent downturn in commodity prices. ArcelorMittal, the world's largest steelmaker, was up 1 percent.
At the bottom of the benchmark was South African retailer Steinhoff, which plunged 20 percent on Friday after Moody's downgraded the stock by four ratings to "junk" status. The company has lost more than 80 percent of its value — wiping more than $12 billion off its market value — since it revealed accounting irregularities and parted ways with its chief executive, Reuters reported.
On Wall Street, stocks opened higher following the release of a stronger-than-expected jobs report.
Brexit continues to keep investors on their toes with the U.K. and European Union finally agreeing upon three particular issues that had impeded negotiations, paving the way for the next phase of discussions. Sterling rose more than half a percent to hit a six-month high against the euro after the announcement.
Speaking of politics, news Stateside is expected to shake up sentiment, whether that be related to Russia relations, tax reforms or geopolitics. In the latest from the country, Congress moved rapidly to send President Donald Trump a short-term funding bill on Thursday, in order to prevent a government shutdown from happening this weekend.
—CNBC's Silvia Amaro contributed to this report