Business

U.S. consumer spending rose more than expected in September, but decreasing benefits for millions of unemployed Americans, cooling temperatures and a resurgence in COVID-19 cases across the nation could crimp spending in the fourth quarter.

U.S. District Judge Wendy Beetlestone in Pennsylvania on Friday blocked a U.S. Commerce Department order barring key technical transactions with TikTok set to take effect Nov. 12.

U.S. stock indexes closed lower on Friday, capping Wall Street's worst week since the March sell-off, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment.

Alphabet's Google must tell a district court how it will respond to a federal antitrust lawsuit by mid-November, with the two sides making initial disclosures later in the month, U.S. Judge Amit Mehta said in a brief order Friday.

Two Goldman Sachs Group Inc money-market funds, whipsawed in March by billions of dollars of investor withdrawals, have steadily amassed a liquidity cushion much larger than rivals, as the $4.35 trillion industry braces for the outcome of the U.S. presidential election and another global surge in coronavirus cases.

Boeing is unlikely to launch a new plane in the near future but its options will depend in part on how successfully its grounded 737 MAX regains its position in the market, the head of one of its engine suppliers said on Friday.