Fears of U.S. slowdown weigh on stocks; bonds rally
Weak economic data in the United States and Europe weighed on global stock benchmarks on Tuesday, sending investors into safe-haven assets.
Weak economic data in the United States and Europe weighed on global stock benchmarks on Tuesday, sending investors into safe-haven assets.
U.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market fears of a sharp slowdown in economic growth in the third quarter.
Raymond James says Wall Street is underestimating Elizabeth Warren's odds of winning the White House in 2020.
Wall Street's main indexes reversed course on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, deepening worries about the impact of a U.S.-China trade war on the world's largest economy.
The dollar surged to a 29-month high against a basket of rival currencies on Tuesday, while pummeling the euro to its weakest since May 2017.
While most consumers say they have some sort of budget, the majority of them they struggle to stick to it.
Italy's Illycaffe could reach its goal of opening 200 cafes in the United States within five years as part of a broader drive to expand its business outside its home market, Andrea Illy, the chairman of the premium coffee maker said.
Credit Suisse cleared its CEO on Tuesday of snooping on a star wealth manager in an episode that saw suicide, scandal and espionage invade the secretive world of Swiss private banking.
U.S. electric vehicle maker Tesla Inc has registered a construction company in China, a business registration filing shows, the latest sign Tesla is pushing ahead with its plans in the world's biggest auto market.
Oil prices slipped on Tuesday, pressured as weak U.S. economic data dimmed crude's demand outlook, while reports of an output decline from the world's largest oil producers in the third quarter kept prices from falling further.
Automakers, including Toyota Motor Corp and Hyundai Motor , on Tuesday reported a sharp drop in September U.S. sales, hurt by the early timing of Labor Day as sales from the holiday weekend were booked in August.
Hyundai Motor Co and its Kia affiliate have sued the four largest U.S. railroads, accusing them of violating U.S. antitrust law by conspiring to drive up shipping costs though coordinated fuel surcharges.
McDonald's shares slid more 2% on Tuesday after an analyst at J.P. Morgan raised concern about the fast-food chain's third-quarter results.
Weak economic data in the United States and Europe weighed on global stock benchmarks on Monday, sending investors into safe-haven assets and pushing the dollar to a 29-month high.
U.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market concerns of a sharp slowdown in economic growth in the third quarter.