Oil prices posted sharp losses Friday, trimming the November gain, as the much-anticipated approval of a production-cut extension at next week’s OPEC meeting grew more doubtful following speculative reports. Saudi Arabia probably will indicate it’s no longer willing to compensate for excessive production by other members of the Organization ofRead More →
© Reuters. FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, DETROIT (Reuters) – General Motors Co’s (N:) first electric pickup truck model will go on sale in theRead More →
(Reuters) – European shares retreated from four-year highs on Wednesday, as a highly anticipated speech by U.S. President Donald Trump gave no new clues on the progress of a trade deal with China, and as anti-government protests in Hong Kong raged on, denting sentiment. The pan-European STOXX 600 index ()Read More →
Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. In a speech in New York on Tuesday,Read More →
© Reuters. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the NYSE in New York By Tina Bellon and Akanksha Rana (Reuters) – Uber Technologies Inc (N:) on Monday posted a wider third-quarter loss as costs soared at theRead More →
(Reuters) – European shares edged lower on Friday, as Brexit woes and Anheuser-Busch InBev’s forecast of moderate annual profit growth offset strong sales from luxury goods makers. The UK Prime Minister conceded for the first time on Thursday that he could not meet his Oct. 31 Brexit deadline and calledRead More →
Amazon.com Inc. profit fell for the first time in more than two years in the third quarter, and the company expects another earnings decline in the holiday-shopping season, which sent shares down more than 7% in late trading Thursday. Amazon AMZN, +1.06% reported third-quarter profit of $2.1 billion, or $4.23Read More →
(Reuters) – EBay Inc (O:) forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com (O:) and Walmart Inc (N:) in the run-up to the crucial holiday shopping season. Shares of the company fell 2.73% to $38.13 in extended trading as theRead More →
© Reuters. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq By Saeed Azhar DUBAI (Reuters) – Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knockedRead More →
© Reuters. Investing.com – Stocks in focus in premarket trading on Wednesday: • Tyson Foods (NYSE:) stock fell 5.6% in premarket trade by 8:15 AM ET (12:15 GMT) after it cut its full-year earnings forecast to $5.30 to $5.70 per share due to the impact of a fire at oneRead More →
© Reuters. Traders work at Frankfurt’s stock exchange in Frankfurt By Amy Caren Daniel and Susan Mathew (Reuters) – European shares fell for the first time in four sessions on Tuesday, as uncertainty over Britain’s chaotic exit from the European Union and trade tensions between the United States and ChinaRead More →
Cannabis stocks fell for a third straight day Monday, shrugging off gains in the broader market as the bearish sentiment that has hurt the sector all summer continued to weigh. The ETFMG Alternative Harvest ETF MJ, -0.52% was down 1.1%, with 25 of its constituent stocks trading lower. The HorizonsRead More →
© Reuters. Investing.com – Asian markets were mostly lower in morning trade on Thursday. Although not a major directional driver, the U.S. Federal Reserve’s July 30-31 meeting released overnight received some focus. The Minutes showed that officials saw the central bank’s rate cut last month as measures taken amid theRead More →
ZURICH (Reuters) – Swiss watch exports to their top market Hong Kong fell a modest 1.3% in July amid increasingly violent anti-government protests in the former British colony that have weighed on watch sales. That was a sharp improvement from the 27% drop in June. Overall exports by the sectorRead More →
Markets are gearing up for more volatility Are you tired of being told to fasten your seat belt? The next few weeks are chock-full of big events that could spell heartburn for global financial markets. Investors will need a strong stomach to get through international trade disputes, Britain’s march towardRead More →
© Reuters. Investing.com – Asian markets fell in morning trade on Tuesday with Hong Kong stocks down more than 1.5% amid continuing political unrest in the city. The last traded at 25,428 by 10:50 PM ET (02:50 GMT), down 1.55%. Hong Kong’s airport reopened today after halting all flights onRead More →
Asian markets fell in early trading Tuesday as tensions in Hong Kong ratcheted up following protests Monday that shut down the city’s airport. Hong Kong’s airport struggled to reopen Tuesday, while protests continued, though at a smaller scale. While some flights resumed, many were canceled amid a backlog of flightsRead More →
© Reuters. A trader works on the floor at the NYSE in New York By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 was down slightly while the Dow was flat in late Friday trading as renewed jitters over the U.S.-China trade war were offset by bargain-hunting investors. PresidentRead More →
© Reuters. Investing.com – Asian markets fell in morning trade on Monday. Hong Kong’s slumped amid a citywide strike that saw protesters blocked roads, cross-harbour tunnels and disrupted public transportation services to force the government to give in to demands. The Hang Seng Index was down 3.1% by 11:01 PMRead More →
Asian markets fell in early trading Thursday, following the Fed’s first interest-rate cut in more than a decade. Stocks slid on Wall Street after the Fed cut interest rates by 25 basis points and failed to clearly signal whether more cuts were on the horizon. Meanwhile, trade negotiations between theRead More →
Asian markets fell in early trading Wednesday, after President Donald Trump poured cold water over optimism for a trade deal as negotiations between the U.S. and China resumed. In a series of tweets Tuesday morning, Trump criticized China for not buying more American agricultural products, and took credit for itsRead More →
© Reuters. Investing.com – Asian markets fell on morning trade on Wednesday, with Japanese and South Korean stocks down more than 1%. China’s July PMI data and Samsung Electronics’ Q2 profit were in focus. China’s and the were down 0.8% and 0.5% respectively by 10:30 PM ET (02:30 GMT). DataRead More →
Asian markets were down in early trading Monday, ahead of an expected rate cut by the Fed later this week. High-level trade talks between the U.S. and China are also scheduled to resume this week for the first time since early May, but expectations of a major breakthrough are low.Read More →
Getty Images Worried about the economy? The Federal Reserve is worried enough to cut interest rates even with stocks at record highs and unemployment at 50-year lows. The monthly tab on how many new jobs are created in the U.S. is rarely shunted to the undercard, but another headliner isRead More →
© Reuters. Investing.com – Symantec (NASDAQ:) plunged on Monday after merger talks with Broadcom (NASDAQ:) reportedly fell through as the two parties failed to reach an agreement on price. Broadcom (NASDAQ:) reduced its $28.25-a-share offer for Symantec to below $28 a share following a closer examination of the cybersecurity company,Read More →
