Morgan Stanley downgrades global stocks: Weak growth to trump easier monetary policy
Morgan Stanley downgraded its allocation to global equities on fears that slowing GDP growth will offset central banks support.
Morgan Stanley downgraded its allocation to global equities on fears that slowing GDP growth will offset central banks support.
Soaring values of technology companies have dominated the market's bull run, but now they are getting way too expensive as earnings picture continues to deteriorate, AB Bernstein warned.
Oil prices steadied on Monday as tensions over Iran's nuclear program countered concerns about whether slowing global economic growth would hit oil demand.
Russian airline Ural Airlines plans to receive the first of 14 previously ordered Boeing-737 MAX aircraft for leasing in December, Interfax news agency reported, citing its chief executive Sergei Skuratov.
Stocks around the world fell on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large interest rate cut at the end of July.
U.S. stocks fell on Monday as Apple shares dropped following a broker downgrade and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month.
SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies.
Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although tensions in the Middle East offered some support to prices.
Semiconductor testing company Cohu Inc said on Monday U.S. restrictions on China's Huawei Technologies Co Ltd is hurting its customers' business.
Airbus SE and Boeing Co may pull out of a bidding process to supply Canada with new fighter jets because they say the contest is unfairly tilted toward Lockheed Martin Corp, two sources with direct knowledge of the situation said on Monday.
Carrying boxes and envelopes containing personal effects and A4 forms, many Deutsche workers started their work week by emptying their desks.
A juror who was part of a panel that delivered an $80 million award against Bayer AG after finding that its glyphosate-based weed killer Roundup caused a man's cancer has urged the presiding judge to uphold the decision.
American financier Jeffrey Epstein pleaded not guilty on Monday to charges of sex trafficking as prosecutors accused him of luring dozens of girls as young as 14 to his luxury homes in New York and Florida and paying them for sex acts.
SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies.
Deutsche Bank chief executive officer said on Monday that he plans to invest a "substantial amount" of his fixed salary in the lender.