Wall Street’s main indexes were set to open lower on Wednesday, after hitting a one-month low in the previous session, as a shock contraction in manufacturing activity confirmed the domestic economy was feeling the burn from a prolonged U.S.-China trade war.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously… …read more […]
The World Trade Organization is poised on Wednesday to open the door to hefty U.S. tariffs on European goods over illegal subsidies for Airbus, pushing a 15-year-old row over support for plane giants to the center of fraught global trade relations.
The United States will learn on Wednesday the annual value of European Union goods it is allowed to target with tariffs as part of a 15-year-old dispute at the World Trade Organization over illegal subsidies to the world’s largest planemakers.
On the first day of the fourth quarter, the S&P 500 and Dow indexes recorded their sharpest slide in more than a month, wiping off their third-quarter gains. “What is hard to argue with is that the global manufacturing sector is now very much in a recession,” Deutsche Bank strategist Jim Reid wrote in a note. The Federal Reserve, which cut interest rates for the second time this year in September, indicated that it would rely on economic data to determine future rate cuts. …read more […]
US Economy Stalling, But Economists Say That’s Fine According to the latest divinations by the nation’s mainstream economists, the economy may look like it’s stalling, but it’s really OK because the so-called “stall speed” of the economy has supposedly declined. Meaning, the US economy can continue to creep along very slowly without tipping into recession. […]The post Market Morning: Economy Stalling, Libra Letdown, J&J Settles, Impeachment Heats Up appeared first on Market Exclusive. …read more […]
Japan’s Softbank Group Corp named entrepreneur Ralf Wenzel as chief executive at its Latin American Tech Hub, with the goal of creating joint ventures among Softbank-backed companies in an effort to expand in the region.
WeWork Japan on Wednesday named a new head of local operations, just days after the co-founder of the We Company stepped down following a botched attempt to gain a stock market listing.
The World Trade Organization is poised on Wednesday to open the door to hefty U.S. tariffs on European goods over illegal subsidies for Airbus, pushing a 15-year-old row over support for plane giants to the center of fraught global trade relations.
Top news and what to watch in the markets on Wednesday, October 2, 2019. …read more […]
WeWork Japan on Wednesday named a new head of local operations, just days after WeWork co-founder Adam Neumann stepped down as CEO of parent The We Company following a botched IPO attempt.
Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.
Volkswagen has established a subsidiary in Turkey’s western Manisa province, the country’s Trade Registry Gazette showed on Wednesday, adding that the unit will focus on designing, producing and assembling automobiles and trucks.
(Bloomberg) — It’s not shaping up to be a very comfortable start to October. Although we’re only two days into the month, emerging-market assets of most shades were on the back foot again, and for once it was difficult to blame the trade war. This time, analysts pointed to poor manufacturing readings and weaker data across the developing world in general as reasons for the listlessness. There were plenty of idiosyncratic stories to dull the palate too, notably in South Korea, Turkey, Poland, Peru and Brazil.Biggest LoserSouth Korea’s won was the biggest loser in the foreign-exchange market after Pyongyang tested …read more […]
Tesco boss Dave Lewis will step down next summer after declaring the turnaround of Britain’s biggest retailer complete, handing over to Ken Murphy, a former executive at healthcare group Walgreens Boots Alliance .
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
