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 U.S. stocks are down as investors turn their attention to weaker-than-expected China industrial production and retail sales data.
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As Brexit uncertainty hangs in the air, U.K. markets face a new worry — a slowdown in China.
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European stocks log a lower close as fresh data show the French economy grinding to a halt, gloomy news for Germany and a batch of downbeat numbers out of China.
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 Johnson & Johnson said a Reuters report alleging that the drugs and consumer products company knew that its baby powder contained the carcinogen asbestos is "one-sided, false and inflammatory." "Johnson & Johnson's baby powder is safe and asbestos-free," the company said in a statement. "Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease." The company's stock was down about 9% Friday after the report was published. J&J is currently dealing with thousands of lawsuits from plaintiffs who say its baby powder gave them cancer. Reuters said the company was aware of trace elements of asbestos in the talc as early as the 1970s, but did not disclose it to regulators or the general public. The move shaved about 100 points off the Dow Jones Industrial Average , which counts J&J as a member.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 * U.S. core retail sales surge in November
(Updates to early afternoon)
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 U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
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Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.
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Bug let developers see the private images belonging to up to 6.8m users
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Early drafts of the regulations surrounding Britons traveling to the EU describe the UK as a ‘third country' and subject to the same regulations as any other nation.
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Funds flow data may show a "final capitulation," says Lipper analyst.
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U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
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Rudy Giuliani bashed President Donald Trump's former lawyer Michael Cohen on Friday, after Cohen said in a televised interview that Trump had directed him to make hush money payments during the 2016 presidential campaign.
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Shares of Johnson & Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos. The decline in shares wiped off about $24 billion from the company's market capitalization and made the stock the biggest drag on the Dow Jones Industrial Average and S&P 500 indexes.
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Former FEC commissioners: Trump-Cohen 'hush' payments not necessarily a violation Fox NewsMichael Cohen's guilty plea and subsequent sentencing for campaign-finance violations and other crimes revived speculation about President Trump's potential ...
View full coverage on Google News
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Gloom gathers around world economy as China retail sales growth hits 15-year low
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Some things shouldn't wait — planning for Tax Day is one of them.
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Comet 46P/Wirtanen:The year's brightest comet streaks by Earth on Sunday CNNThe year's brightest comet streaks by Earth this weekend ABC15 ArizonaGreen balls of fire! Comet to light up sky in closest pass for the next 20 years (VIDEOS) RTChasing Comet 46P/Wirtanen as the Moon Looms Sky & TelescopeGeminids 2018 weather forecast: Will it be a clear sky TONIGHT to see Meteor Shower? Express.co.ukView full coverage on Google News
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 The IRS clarified how employers can calculate the tax on qualified parking benefits that took effect this year. The guidance also provides some relief for tax-exempt organizations, which now must pay unrelated business income tax for parking benefits.
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A closely watched measure of market sentiment shows individual investors are the most bearish since 2013, sparking contrarian hopes that a bottom may be near for the stock market.
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* Tesla cuts prices after China tariff reduction
(Adds Trump Twitter post on China economic growth and tariffs)
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 Facebook says the bug has been fixed but indicated some third-party apps "may have had access to a broader set of photos than usual."
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U.S. President Donald Trump welcomed China's move on Friday to suspend additional tariffs on U.S.-made vehicles, saying it could help push forward a larger trade deal with Beijing.
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Dow falls 400 points on global growth fears CNNA global wave of selling arrived on Wall Street on Friday as investors fret about the US-China trade war's impact on economic growth.
View full coverage on Google News
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Facebook reveals bug exposed 6.8 million users' photos CNNNew York (CNN Business) Facebook announced on Friday that the social network had exposed the private photos of millions of users without their permission.
View full coverage on Google News
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Stress points being felt in financial markets today could intensify as fees evaporate
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Signs that China's economy may be slowing reverberated through global financial markets
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Dow Drops 400 Points Because the Market's Worst Fear Could Be Coming True Barron'sDow drops nearly 400 points amid rising fears over global growth CNBCThe Dow drops more than 450 points after Chinese economic data sparks growth fears Business InsiderDow down around 450 points after weak China data sets off alarm bells MarketWatchGlobal growth concerns weigh on stock market Fox BusinessView full coverage on Google News
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* IEA expects deficit in oil supply by Q2 next year
(Updates prices, market activity, adds commentary; changes
byline, dateline, previous LONDON)
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Oil prices fell on Friday, heading for a loss on the week, as a stronger dollar cuts global demand for U.S.-priced commodities and a skidding stock market sullies the risk-taking mood, factors that offset mostly bullish figures in the latest supply snapshot.
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Most U.S. retailers posted healthy increases in sales in November as the holiday season kicked off with Black Friday specials after Thanksgiving. Steady spending toward the end of the year points to a solid increase in fourth-quarter GDP.
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* Deal beefs up LVMH's portfolio in 'experiential' luxury
hotels
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Qualcomm seeks broader China iPhone ban as Apple pushes software update Ars TechnicaApple plans iPhone software update to reverse Chinese ban The VergeApple will update iPhone software to address Chinese sales ban Business InsiderApple will update China iPhones to prevent ban, but Qualcomm still fighting Android AuthorityApple may alter iPhone production and iOS to dodge China's patent ban VentureBeatView full coverage on Google News
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Theresa May: 'If we are to leave with a deal this is it' - BBC News BBC NewsEU refuses to help British PM over Brexit, says 'it is not open for renegotiation' CNBCEU leaders tell May to find Brexit consensus among MPs The GuardianHow the Brexit drama is changing Britain The Washington PostMay clings on, but a people's vote now looks like the last option standing | Jonathan Lis The GuardianView full coverage on Google News
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U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy.
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* Apple says ban unjustified, to hurt China suppliers -
document
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Scientists tell lawmakers fetal tissue research is ‘essential' but House GOP refuses to listen ThinkProgressTrump administration mulls restrictions on fetal tissue in federally-backed research ABC NewsHealth and Human Services department shuts down HIV research SalonThe Health 202: House GOPers call for government to end fetal tissue research funding in fiery hearing The Washington PostGOP presses case to stop fetal tissue research in contentious hearing POLITICOView full coverage on Google News
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Robinhood recently announced new high-interest checking and savings-account products and said they were insured by the SIPC. But now the head of the SIPC says Robinhood didn't contact the organization before releasing the products, and he has major concerns with them.
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Apple Music now live on Amazon Echo speakers using Alexa 9to5MacWhat parents need to know before buying Google Home or Amazon Echo The Washington PostApple Music support hits Amazon Echo speakers The VergeA Parent's Guide to Not Feeling So Bad About Using Alexa New York MagazineApple Music Now Playable on Amazon Echo Speakers via Alexa in United States Mac RumorsView full coverage on Google News
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Robinhood said to not be properly insured to offer checking & savings TechCrunchRobinhood rocks banking with 3-percent savings interest rate USA TODAYRobinhood didn't give key industry watchdog a heads-up about the launch of its free checking account CNBCRobinhood's 3% Interest Checking Is Just a Money-Market Fund BloombergRobinhood launches no-fee checking/savings with Mastercard & the most ATMs TechCrunchView full coverage on Google News
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Canadian Prime Minister Justin Trudeau on Friday said China's detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate.
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 Northern Virginia home sales rocket 90% in November — Amazon effect?
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The energy sector pushed Canada's main
index lower on Friday, as oil prices declined after China
reported slower economic growth, pointing to lower fuel demand
from the world's biggest oil importer.
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Most people who do not sign up for Obamacare insurance by Saturday's open enrollment deadline will not be able to obtain coverage until next fall, unless they have a qualifying life event such as getting married or having a child.
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With GE's new standalone software business, the company has given the clearest signal yet that running a successful software business is very different from running an industrial conglomerate.
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Facebook Inc. on Friday disclosed an API bug that may have given third-party apps the ability to view photos that users didn't share on their timelines. The company said that this bug affected people who used Facebook Login and allowed third-party apps the ability to access their photos. The company has fixed the bug but said that it may have given developers more access than normal during a 12-day period in September. Up to 6.8 million users could have been impacted by the bug, according to Facebook, which said it "will be working with [developers whose apps were affected] to delete the photos from impacted users." Shares are down 0.6% in Friday morning trading, and they're off 18% so far this year. The S&P 500 has dropped 2% in that time.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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SplashData's yearly report reveals people are still using terrible passwords. Is yours on the list?
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Chuck Schumer just poked a huge hole in Trump's logic in the government-shutdown fight Business InsiderSen. Chuck Schumer pointed out logical flaws in President Donald Trump's argument that the new NAFTA deal meant Mexico would pay for a border wall.
View full coverage on Google News
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President Trump directed Michael Cohen to arrange election-eve hush money paid to two women who claimed affairs with him — and knew the actions were wrong, his former personal attorney said in an interview that aired Friday.
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Our call of the day from the biggest bond fund manager in the world says it's a yield sign is flashing on the global economy and investors should keep their "powder dry" for opportunities that pop up in a tough market.
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 Investors pulled record cash from U.S.-based stock funds and pulled billions more from bonds in a week of escalated caution, Lipper data showed on Thursday.
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Nationals see detention of Meng Wanzhou as confirmation of west's anti-China bias
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Apple plans to invest $1 billion to build a new campus in Austin that could create 15,000 jobs, as it aims to make good on promises to boost contributions to the economy.
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The Internal Revenue Service issued a set of proposed rules on the new BEAT provisions added by the Tax Cuts and Jobs Act.
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Enrollment of both undergrads and graduate students has been declining for years. Meanwhile colleges are getting more creative in finding new ways to make money.
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 It'll be a $1 billion project.
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The bundle of financial incentives Wisconsin offered to lure Taiwanese technology giant Foxconn's first major U.S. plant is larger than what New York, Virginia and Tennessee collectively offered to Amazon for far more jobs, a comparison of the two development projects shows.
Foxconn has said its...
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