President Joe Biden has came out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan, saying that the U.S. needs to "maintain strong American steel companies powered by American steel workers."

In a statement, Biden added: "U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated."

Shares retreated Friday in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon.

Oil prices were lower.

Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.

The chief executives of Nissan Motor Co. and Honda Motor Co. appeared together at a news conference in Tokyo to announce that Japan's second and third biggest automakers will look into areas with a potential for collaboration.

Former U.S. Treasury Secretary Steven Mnuchin says he's going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the U.S. if its China-based owner doesn't sell its stake.

TikTok, which has more than 170 million American users, is a wholly-owned subsidiary of Chinese technology firm ByteDance Ltd.

TikTok once again finds itself in a precarious position as lawmakers in Washington move forward with a bill that could lead to a nationwide ban on the platform.

The House on Wednesday passed legislation that would ban TikTok if its China-based owner ByteDance doesn't sell its stakes in the popular social media platform within six months of the bill's enactment.

Thousands of farmers protested in India's capital on Thursday to press their demand for a new law that would guarantee minimum crop prices, after weeks of being blocked from entering the city.

They rode crowded buses and trains instead of their tractors to New Delhi after authorities barricaded highways into the capital with cement blocks and barbed wire. Police also banned use of farm vehicles as a condition for granting permission for the rally in the city. Participants were also barred from carrying sticks or swords to avoid clashes with police.

Adidas said Wednesday that it's donated or is planning to give away more than $150 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last year after it severed ties with Ye, the rapper formerly known as Kanye West.

The German sportswear brand had 1.2 billion euros ($1.3 billion) worth of popular Yeezy sneakers piled up in warehouses after it broke off its partnership with Ye in October 2022 over his antisemitic and other offensive comments on social media and in interviews.

U.S. stocks are drifting around their records Wednesday, as a lull carries through financial markets worldwide.

The S&P 500 was virtually unchanged in early trading, a day after setting an all-time high. The Dow Jones Industrial Average was up 71 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% lower.

Three and a half years after hundreds of tons of improperly stored ammonium nitrate ignited at the Beirut port, setting off one of the world's biggest non-nuclear explosions, Lebanese and French officials put forward a plan for reconstruction and reorganization of the port Wednesday.

The Aug. 4, 2020, explosion at Beirut's port killed more than 200 people, injured and displaced thousands and devastated entire neighborhoods of the city.

Russians are finding a few imported staples, like fruit, coffee and olive oil, have shot way up in price. Most global brands have disappeared — or been reincarnated as Russian equivalents under new, Kremlin-friendly ownership. A lot more Chinese cars are zipping around the streets. Those who want a particular luxury cosmetic may be out of luck.

Other than that, not much has changed economically for most people in President Vladimir Putin's Russia, more than two years after he sent troops into Ukraine.