The Federal Reserve sees signs that it can avoid triggering a recession in the US even as it has raised interest rates aggressively to put the brakes on inflation, Chicago Fed President Austan

US regulators are urging a recall of 67 million air bag inflators they say could explode in a crash, a major escalation of a safety issue that has plagued the auto industry for years.

Ex-NBCUniversal advertising executive Linda Yaccarino will take over as CEO of Twitter, Elon Musk said on Friday. Musk, who runs Tesla and Space X, said a day prior that he plans to transition to a

The Dow was the worst-performing index of the week, falling about 1.5%. Data indicating inflation, poor consumer sentiment helped stoke investor worries. Nike was the worst-performing Dow stock, with

Wall Street was looking to extend its latest gains, with the tech-heavy Nasdaq Composite in line for a fresh nine-month high.

U.S. regulators have released inspection reports of Chinese auditors. They found "unacceptable rates" of deficiencies in the audit process.

"News headlines increased our customers fears of the safety of their deposits," PacWest said in an SEC filing.

Major market averages tilted to the downside on Thursday morning as investors received more data on wholesale inflation. Early on and the Dow (DJI) fell 0.6%, the S&P 500 (SP500) declined by 0.3%,