NewsWatch: Dow slides 130 points ahead of Memorial Day weekend as investors watch China-U.S. tensions

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U.S. stock benchmarks trade lower early Friday as investors look ahead to a three-day weekend. Equity benchmarks will look to defend their sharp weekly gains amid rising Sino-American tensions and a holiday that could test the bounds of business reopening efforts after coronavirus lockdowns in much of the country. See full story.

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Facebook employees may face pay cut if they move to cheaper areas to work from home

Mark Zuckerberg says he expects about half of Facebook Inc.’s employees to work from home five to 10 years from now, but there’s a catch for those expecting to take their fat Silicon Valley salaries and live like kings in a rural area. See full story.

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MARKETWATCH PERSONAL FINANCE

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