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Friday, July 30, 2021

Nasdaq futures fall 1% as stocks try to round out strong July

Matteo Colombo | DigitalVision | Getty ImagesFutures contracts tied to the major U.S. stock indexes fell in the overnight session as a soft earnings...

Investors can focus on 3 areas amid China’s regulatory uncertainty, says Fitch Solutions

The "tug-of-war" between the Chinese government and capital markets triggered this week's wild market swings — but investors can position themselves despite the uncertainty,...

Didi denies it considered to go private after earlier report sends the stock soaring

Chinese ride-hailing company Didi denied a Wall Street Journal report that said it could go private to appease Chinese authorities scrutinizing its business.The original...

Asia-Pacific stocks set to drop; Japan’s retail sales, industrial output data ahead

SINGAPORE — Markets in Asia-Pacific were poised for a lower open on Friday. Meanwhile, U.S. stocks rallied despite data showing second-quarter gross domestic product...

Nikola founder Trevor Milton pleads not guilty to fraud charges, released on $100 million bail

Trevor Milton, founder of Nikola Corp., exits federal court in New York, U.S., on Thursday, July 29, 2021.Angus Mordant | Bloomberg | Getty ImagesNikola...

The U.S. economy is bigger than it was pre-pandemic, but Covid could still decide what happens next

A worker hoists a flight chain at the Calder Brothers' facility in Taylors, South Carolina, U.S., July 19, 2021.Brandon Granger | Calder Brothers Corporation...

Robinhood drops 10% in stock trading app’s Nasdaq debut

Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City.Cindy Ord | Getty ImagesShares of...

Huawei launches new smartphones without 5G as U.S. sanctions, chip shortage bite

Richard Yu, CEO of Huawei's consumer business group, unveils the Chinese tech giant's new P50 smartphone lineup.HuaweiHuawei on Thursday unveiled its new P50 smartphone...

U.S. GDP increased at 6.5% pace in the second quarter, well below expectations

The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign that the U.S. has...

Grand jury indicts Trevor Milton, founder of electric carmaker Nikola, on three counts of fraud

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH...

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