U.S. stock futures fell Monday in a shortened session, as the weakest Chinese growth data in three decades weighed on investors, and the International Monetary Fund cut its outlook for global expansion citing trade issues. Regular trading for U.S. markets will be closed Monday in honor of Martin Luther KingRead More →
Oil futures declined sharply Thursday, tracking lower moves in most global equity benchmarks, as fear of a China-led demand slowdown gripped investors. West Texas Intermediate crude for February delivery CLG9, -1.87% fell $1.16, or 2.2%, to $51.15 a barrel on the New York Mercantile Exchange, a day after posting aRead More →
© Reuters. Investing.com – U.S. futures fell on Friday as revenue forecast cuts from a number of companies and weak retail sales over the holidays threatened to derail Wall Street’s five-day rally as investors fear a possible recession. The fell 2 points or 0.11% as of 6:40 AM ET (11:40Read More →
© Reuters. Goldman Says Boost Cash Even as U.S. Recession Fears Overdone (Bloomberg) — Investors should increase their holdings of cash even with fears of a recession in the U.S. this year likely to prove overblown, according to Goldman Sachs Group Inc (NYSE:). With a risk-free rate of 2.4 percentRead More →
Apple Inc.’s warning of massively lower revenue for its holiday quarter is an ominous indicator of global economic trends that have already taken a huge bite out of Wall Street, but it shouldn’t be a surprise. Apple AAPL, +0.11% Chief Executive Tim Cook pointedly placed the blame for cutting expectationsRead More →
