The retaliatory measures followed Trump's controversial move to order the withdrawal of all U.S. troops from Syria's northern border with Turkey.Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Top financial companies will mark the unofficial start of earnings season with their reports this week, and experts are offering several recommendations for trading the moves.ETF Edgeread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
The union that represents Southwest Airlines pilots doesn't expect the grounded Boeing 737 Max to return until at least February, about a month later than the airline expects.Airlinesread more
Check out the companies making headlines in midday trading:Market Insiderread more
European Union officials drafted a plan to launch a sovereign wealth fund to invest in companies that could compete with U.S. and Chinese tech giants, according to reports in the Financial Times and Politico.
The reports, citing an internal document, said EU officials have drafted a document for a "European Future Fund" that would invest 100 billion euros ($110 billion) in "high-potential European companies."
The proposal would mark a drastic step from the EU to try to encourage companies within the continent to catch up with competitors from the U.S. and China. The FT said the document specifically named threats from U.S. tech giants Google, Apple, Facebook and Amazon and Chinese firms Baidu, Alibaba and Tencent.
"Europe has no such companies,'' the FT quoted the document as saying. "This presents a risk to growth, jobs, and to Europe's influence in key strategic sectors."
It is unclear whether the proposal would gain traction among EU member states.
European Commission Chief Spokesperson Mina Andreeva said in a briefing Friday the plan had not been seen by president-elect Ursula von der Leyen. She said "draft internal brainstorming documents" should not be confused with policies.
"This leaked document should therefore be given zero credence," Andreeva said.
While Europe lags behind the U.S. and China as a home for big tech companies, the region has taken on a leading role regulating the industry. Analysts expect new officials at the EU will maintain a tough stance on tech giants when it comes to issues like data privacy, antitrust and taxation.
Read more on the story here.