Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
European stocks closed in the negative territory on Friday as tensions heightened between the U.S. and Iran, following attacks on two oil tankers in the Gulf of Oman on Thursday.
The pan-European Stoxx 600 came off its session lows and closed 0.37% lower. Tech stocks underperformed with the sector down 1.75%, while the majority of other sectors were trading in the red. Utilities and energy, however posted minor gains.
On the last trading day of the week, worldwide focus remained on the Middle East, after Norwegian and Japanese-owned oil tankers suffered explosions near the Strait of Hormuz on Thursday.
The U.S. military released footage which it claimed showed Iran's Revolutionary Guard Corps removing an unexploded mine from the side of one of the stricken tankers - a claim Tehran strongly denies. The event put oil prices front and center, with Brent crude rising in afternoon trade.
On Wall Street, markets were slightly lower during the early trading hours, as investors digested weak data out of China, while monitoring a drop in semiconductor shares.
Stocks in Asia finished Friday mostly mixed to lower as investors continued to keep abreast of the situation. China's Shenzhen composite led losses, finishing down 1.8% while Hong Kong's Hang Seng index continued to drop amid mass protests over a controversial extradition bill. Meanwhile, China's industrial output growth slowed to a more than 17-year low of 5% in May, well below expectations.
Elsewhere, the International Energy Agency (IEA) slashed its estimate for global oil demand growth for the second consecutive month on Friday, citing intensifying trade concerns amid fears of a global recession.
European economic data was also in focus, as France reported its EU-harmonized consumer price index (CPI) for May at 0.9% year-on-year and 0.1% month to month, missing forecasts. Italian EU-harmonized CPI also came in at 0.9% year-on-year.
Speaking at a news conference in Luxembourg Friday, French Finance Minister Bruno Le Maire said Italy has only days to give answers to the EU over its rising debt, in order to avert disciplinary proceedings from the bloc.
In terms of individual stocks, Britain's Royal Mail was one of the Stoxx 600's top performers, with its share price gaining 2.4% after the former state monopoly's annual report announced changes to its remuneration policy due to shareholder opposition.
Sweden's Lundin Petrolium continued to benefit from the oil and gas surge, rising 2.5%.
At the other end of the European blue chip index, shares of Swiss market expansion services provider DKSH tumbled over 9% after Credit Suisse cut its stock to an "underperform" rating.