By Jody Godoy (Reuters) – Apple could be the winner after Alphabet’s Google lost its fight with the U.S. antitrust enforcers earlier this week, with a ruling that supports the iPhone maker’s defense in its own antitrust court battle with U.S. prosecutors, legal experts said.   A federal judge mostly sided with state and federal antitrust enforcers in the blockbuster case on Monday that ruled Google’s search business was an illegal monopoly, but threw out a … Read more…

By Hannah Lang and Saqib Iqbal Ahmed NEW YORK (Reuters) -A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index, which tracks the U.S. currency against a basket of six others, was down 0.46% to 102.68, after sinking as low as 102.15, its … Read more…

By Jonathan Stempel (Reuters) – USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members and veterans on interest rates and fees. A preliminary settlement of the proposed class action was filed on Friday night in the federal court in Elizabeth City, North Carolina, and requires approval by U.S. District Judge Terrence Boyle. USAA denied wrongdoing. The lawsuit covers tens of … Read more…

By Nell Mackenzie and Yoruk Bahceli LONDON (Reuters) – A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook, analysts say. While Friday’s weaker-than-expected U.S. jobs data was the catalyst for the market sell-off, with Japan’s blue-chip Nikkei index on Monday suffering its biggest one-day rout since the 1987 … Read more…

(Reuters) -Republican presidential nominee Donald Trump said he will debate Democratic U.S. Vice President Kamala Harris on Fox News on Sept. 4, in a post on Truth Social late on Friday, though the Harris campaign did not confirm the event. “Rules will be similar to the rules of my debate with Sleepy Joe, who has been treated horribly by his party, but with a full arena audience,” Trump said, referring to President Joe Biden, who … Read more…

NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows on concerns about the economy and downbeat forecasts from Amazon and Intel, which hit richly-valued technology firms. The Nasdaq Composite index was recently down 2.3%, putting it on track to confirm it is in a correction following worries about pricey Big Tech valuations and as weak employment numbers aggravated worries of a slowdown. ART HOGAN, MARKET STRATEGIST, B. … Read more…