Tariffs threaten market-leading tech, consumer stocks
NEW YORK (Reuters) – U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect,…
Wall Street propped up by gains for bank stocks
(Reuters) – U.S. stocks inched higher for a fifth day on Friday, as declines in real estate and utilities were offset by gains for banking stocks, driven by a rise…
U.S. producer prices post first drop in one-and-a-half years
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services…
Oil prices rise on declining U.S. crude stockpiles, looming Iran sanctions
SINGAPORE (Reuters) – Oil prices rose on Wednesday following a report of declines in U.S. crude inventories and as looming sanctions against Iran raised expectations of tightening supply, while top…
Wall Street gains as Apple, tech rebound; oil lifts energy shares
NEW YORK (Reuters) – U.S. stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up…
Oil up as U.S. drilling stalls, Iranian sanctions bite
LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. FILE…
Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom
SINGAPORE (Reuters) – Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick…
Alibaba’s Jack Ma to unveil succession plan next week, remain chairman
BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new…
Alibaba co-founder Jack Ma to retire: New York Times
(Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on…
Emerging markets and equities reel as dollar flexes muscles
LONDON (Reuters) – The sell-off in emerging markets gathered pace on Wednesday and global stocks fell for the fourth day in a row as a looming deadline in the U.S.-China…