Bloomberg Business

A renewed slide in tech megacaps and mixed economic data left stocks struggling for direction on Friday. Bond yields rose.

Flights between the US and China are set to double from current levels by the end of October as the countries relax travel restrictions put in place during the pandemic.

Private equity firm Thoma Bravo LLC agreed to extend its closing date on a $2.3 billion acquisition of ForgeRock Inc. to give the US Justice Department an additional week to decide whether to challenge the deal in court, according to people familiar with the matter.

Federal security officials this week ordered Clear Secure Inc. to increase the number of customers receiving additional vetting at US airports as more details emerged of security incidents connected to the line-expediting company’s practices.

Rescue and clean-up crews are now pouring into the historic Hawaiian town of Lahaina, which has been leveled to ash and rubble in what the governor describes as the state’s largest-ever natural disaster.

The specter of crippling labor strikes and rising costs slammed stocks of the two major US automakers, with General Motors Co. notching its worst weekly run in nearly five months and Ford Motor Co. closing at its lowest since early June.

Russia’s crude breached the price cap set by the Group of Seven nations, while revenue from oil exports soared to an eight-month high, according to the International Energy Agency.

President Luiz Inacio Lula da Silva on Friday rolled out a $350 billion infrastructure investment plan designed to boost Brazil’s economy and kickstart a green transition.