Google will confront the U.S. government's latest attempt to topple its internet empire in federal court on Friday as a judge considers how to prevent the abusive tactics that culminated in parts of its digital ad network being branded as an illegal monopoly.
The courtroom showdown in Alexandria, Virginia, will pit lawyers from Google and the U.S. Department of Justice against each other in closing proceedings focused on the complex technology that distributes millions of digital ads across the internet each day.
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Wall Street futures quickly reversed course and turned positive early Friday in very volatile markets, particularly when it comes to artificial intelligence.
Futures for the S&P 500 rose 0.3%, while futures for the Dow Jones Industrial Average climbed 0.6%. Nasdaq futures edged up 0.2% after being down overnight. Yet technology-heavy Nasdaq may be on its way to its worst week since President Donald Trump rolled out his tariff policy in April.
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Most stock markets rallied on Thursday after strong earnings from chip titan Nvidia eased fears of an AI bubble.
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The U.S. jobless rate crept up in September even as hiring exceeded analyst expectations, according to a delayed employment report published Thursday after a record-long government shutdown.
The world's biggest economy added 119,000 jobs in the month -- up from August -- but the unemployment rate edged up from 4.3 percent to 4.4 percent, said the Labor Department.
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An EU court on Wednesday rejected an Amazon challenge against the bloc's digital content law, confirming that the tech giant must comply with its strict rules.
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China has reclaimed its title as Germany's top trading partner, dethroning the United States after President Donald Trump launched his tariff onslaught, official data showed Wednesday.
Total trade between Europe's biggest economy and China from January to September this year grew slightly to nearly 186 billion euros ($215 billion), according to federal statistics agency Destatis.
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The EU's trade deal with South American bloc Mercosur, which has drawn the ire of French farmers, "is still not acceptable" in its current form for France, government spokeswoman Maud Bregeon said Wednesday.
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Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month.
The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month.
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FlyDubai, the lower-cost sister airline to long-haul carrier Emirates, announced an initial order Tuesday for 150 Airbus A321neo aircraft at the Dubai Air Show — an estimated $24 billion purchase that will see the carrier for the first time expand its fleet beyond Boeing.
The deal would more than double FlyDubai's current fleet of aircraft and the airline said it had options to buy another 100 A321neos. It also represents a major purchase for the airline as Dubai prepares across both carriers to expand as it builds a five-runway airport in this desert sheikhdom in the United Arab Emirates.
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President Donald Trump said he will sell F-35 fighter jets to Saudi Arabia despite some concern within the administration that such a sale could lead to China gaining access to the U.S. technology behind the advanced weapon system.
The announcement came on the eve of Saudi Crown Prince Mohammed bin Salman's highly anticipated Washington visit, his first to the United States in more than seven years.
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