Economic Indicators

Asian shares were mostly higher Friday as investors shrugged off Facebook's nearly $120 billion overnight plunge in market value, the biggest-ever one-day loss in dollar value for a U.S. company.

Thursday's massacre of Facebook shares, which plunged 19 percent in the biggest one-day drop in history, answers one big question.

A steep sell-off in Facebook is leading a slide in technology stocks that weighed on U.S. indexes in early trading Thursday.

China's government says tech giant Qualcomm Inc. failed to resolve anti-monopoly regulators' concerns about its proposed takeover of NXP Semiconductors in a case seen as a possible casualty of U.S.-Chinese trade tensions.

President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth.

President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers.

Facebook's user base and revenue grew more slowly than expected in the second quarter as the company grappled with privacy issues, sending its stock tumbling after hours.

A Wisconsin refinery damaged by an explosion and fire earlier this year is not expected to resume operations until 2020.

President Trump touted U.S. economic growth in a speech at a newly reopened U.S. Steel plant in the St. Louis-area town of Granite City, Ill.

The head of a prominent U.S. energy trade group says President Donald Trump's tariffs on European steel and Chinese goods pose a multibillion-dollar threat to America's energy industry.

___ Facebook faces a day of reckoning, at least on Wall Street NEW YORK (AP) — The erosion in the value of Facebook as it is perceived on Wall Street involves some staggering numbers.

Top global whiskey associations put aside their marketplace competition Thursday to show a united front in denouncing tariffs and urging world leaders to end their disputes before trade wars start siphoning global sales of distilled spirits.

A steep drop in Facebook pulled technology stocks lower on Wall Street, even as other sectors climbed.

The Latest on President Donald Trump (all times local): 1:50 p.m. President Donald Trump is claiming a trade breakthrough with European allies as he visits Iowa, a state where farmers are suffering under tariffs imposed by China in retaliation for Trump's protectionist policies.

Facebook stock collapse wipes out $119 billion in market value, one of the worst single-day losses in history.

The House has approved a $716 billion defense policy bill that would give military personnel a 2.6 percent pay hike, the largest in nine years.

China, Russia and Iran are ramping up their theft of trade secrets and proprietary information from U.S. companies, government labs and universities to hurdle America's competitive edge.

To the relief of many, the United States and Europe have agreed to avert a trade war over autos and to work toward removing other barriers to trade.

A government report is outlining how spy services from China, Russia and Iran are hard at work trying to steal trade secrets and proprietary information from U.S. companies, government labs and universities.

Ciao, foreign stocks.