Morgan Stanley: Investors should short growth stocks, get defensive as 'recession fears emerge'
Morgan Stanley is advising clients to dump growth stocks and buy defensive names, saying "demand destructive" tariffs are fanning recession fears.
Morgan Stanley is advising clients to dump growth stocks and buy defensive names, saying "demand destructive" tariffs are fanning recession fears.
The real estate and utilities sectors are hovering at record levels thanks to the current low interest rate environment.
Burger King will launch a plant-based burger imitating meat called the "Rebel Whopper" in Brazil in November, the company said on Tuesday, amid an international rush for mass-market chains to cater to vegetarian and vegan diners.
The National Transportation Safety Board said Tuesday a Tesla Model S was in Autopilot mode when it struck a fire truck in Culver City, California -- one of a series of crashes the board is investigating involving Tesla's driver assistance system.
Austrian sensor specialist AMS made a 4.3 billion euro($4.8 billion) counter-offer for larger German lighting group Osram on Tuesday, raising the prospect of a bidding war with private equity duo Bain Capital and Carlyle .
Research from the Consumer Financial Protection Bureau and H&R Block suggests consumers might save more of their tax refunds if they receive encouragement or a small financial incentive.
U.S. stocks fell on Tuesday as data showed factory activity shrank for the first time since 2016 in August, renewing fears that a drawn-out trade war between the United States and China could tip the world's largest economy into recession.
Illinois has joined a multistate lawsuit aimed at stopping the merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , the New York attorney general's office, which is leading the effort along with California, said on Tuesday.
U.S. manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining sharply as trade tensions weighed on business confidence, raising financial market fears of a recession.
Walmart Inc said on Tuesday it would discontinue sales of some ammunition in stores across the United States, in response to the mass shootings in Texas last month that killed several people.
Days when President Donald Trump tweets a lot are associated with negative stock market returns, Bank of America Merrill Lynch says.
Marks & Spencer will be relegated from London's FTSE 100 index for the first time since the inception of the blue-chip index in 1984, according to Reuters calculations based on Tuesday's closing prices.
The Senate's antitrust panel will meet later this month to discuss concerns that tech giants, such as Google or Amazon, seek to buy smaller rivals in order to head off competition.
Air Canada has challenged Onex Corp's proposed acquisition of WestJet Airlines , on grounds that the deal may not meet the country's ownership rules, according to a letter sent by the carrier to the Canadian Transportation Agency.
More than half of U.S. state attorneys general are readying an investigation into Alphabet Inc's Google for potential antitrust violations, the Washington Post reported on Tuesday.