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Options investor makes big bets on Nasdaq's popular 'FANG' stocks

The four companies are collectively known among investors as the "FANG" group, for the first letters of Facebook, Amazon, Netflix and Alphabet's Google

Japan's jobs market worsens in August as coronavirus damage persists

The figures come after Suga pledged to protect jobs, keep companies in business and help the economy recover from the impact of Covid

House Democrats discuss tougher antitrust law, some Republicans agree

Representative Ken Buck, a Republican, appeared swayed by calls for tougher antitrust law, including giving more funding to the Justice Department and Federal Trade Commission

Boeing to move 787 Dreamliner production to South Carolina in 2021

Boeing said the single site would improve operational efficiency as the US planemaker adjusts to the market downtown and positions for recovery

Asian markets mixed in early trade, Tokyo reopens after trading glitch

Japan's Nikkei 225 index was up 0.19% after the Tokyo Stock Exchange resumed normal trading after its worst-ever outage brought the world's third-largest equity market to a standstill

Facebook steps up promotion of groups content in feeds, around the web

Facebook app chief Fidji Simo said Facebook would also start showing conversations from public groups outside the app, such as in web searches

Oil prices drop 3% on weak demand outlook and higher OPEC supplies

Brent crude futures fell $1.37, or 3.2%, to settle at $40.93 a barrel after dropping to a low of $39.92

Activist investor Carl Icahn brings son back, lays out succession plan

Carl Icahn is currently the chairman and Keith Cozza is the president and chief executive officer

Playboy to return to US stock market after 9 years through SPAC deal

As part of the deal, Mountain Crest will sell $50 million of its common stock to institutional investors

Moderna says Covid-19 vaccine won't to be ready before US elections: Report

Stephane Bancel told FT that he did not expect to have full approval to distribute the drug to all sections of the U.S. population until next spring

Donald Trump signs stopgap bill to avoid US government shutdown

On Tuesday, the Senate voted 82-6 on a procedural motion to advance the temporary funding bill.

EU starts legal action against UK as Brexit trade talks hit impasse

EU deadline for govt to remove sections of Internal Market Bill expired on Wednesday

India open to launching own app store as start-ups criticise Google: Report

Alphabet-owned Google also said this week that it will strictly enforce a policy which will levy a 30% commission on payments made within apps on its Android store.

PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic

Sales of snacks under the company's Frito-Lay North America unit, rose 7% in the quarter

Russia 'confident' on Covid-19 vaccine, to share legal risks: Report

With the global vaccine race hotting up, and dozens of candidates being tested on humans, backers of Russia's 'Sputnik-V' shot see liability as a key battleground as they aim to capture market share

EU regulator in contact with 38 makers of potential Covid-19 vaccines

Vaccines must be authorised by EMA before they can be used in the European Union. No Covid-19 vaccine has been authorised in Europe

Intel Corp gets US licences to supply some products to China's Huawei

Intel Corp has received licences from US authorities to continue supplying certain products to Huawei Technologies, a company spokesman said on Tuesday

Oil rises as US storm eases, but demand worries linger amid virus surge

US West Texas Intermediate crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel

Powell says central bank committed to using all tools to help recovery

The Federal Reserve remains committed to using all the tools at its disposal to help the US economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said

Asian stocks fall on concerns about fresh lockdowns, banking sector

On Wall Street, the Dow Jones Industrial Average fell 1.84%, the S&P 500 lost 1.16%, and the Nasdaq Composite dropped 0.13