StockMarketNews.Today – A key measure of underlying inflation eased in August to its slowest pace in 18 months, suggesting price pressures remain contained as a strong dollar holds down import prices and wage growth stays moderate.
StockMarketNews.Today – The Mi Robot is one of Xiaomi’s best ecosystem products, and with the second-generation model, there are a few upgrades on offer. If you haven’t heard of the Mi Robot, a quick refresher: under the Mi Ecosystem label, Xiaomi partners with Chinese hardware vendors to release lifestyle and smart home products, and the robot vacuum cleaner falls under this category.
Growth in China’s factory sector stalled in September after 15 months of expansion, with export orders falling the fastest in over two years.
StockMarketNews.Today – A separate, official survey confirmed a further weakening in Chinese manufacturing last month, with domestic and export demand also softening, though its headline reading still pointed to some growth.
Boeing should move forward with its planned new mid-sized aircraft (NMA) soon, argues Morgan Stanley, even if it elevates near-term risk.
StockMarketNews.Today – A new smaller offering would make Boeing more competitive and better positioned in the long run, says Morgan Stanley.
StockMarketNews.Today – While the weak debut is disappointing for the bank, it also poses a challenge for Hong Kong Exchanges & Clearing Ltd., which has positioned itself as the international gateway to China’s markets. While Meituan jumped on its first trading day this month, IPOs such as Xiaomi and China Renaissance have represented a more typical pattern this year, with newly listed stocks falling 6.7 percent on a weighted-average basis.
Facebook News: Facebook disclosed a widespread security flaw that could have allowed hackers or other malicious third parties to access an affected user’s account by gleaning their security token.
StockMarketNews.Today – The flaw affected as many as 50 million people, and Facebook says it’s forcibly making around 90 million users log back into their accounts in full today to be safe. The company says around 40 million additional people simply used the exploitable feature since the exploit was active.
New orders for key U.S. made capital goods fell in August after four straight months of strong gains and the goods trade deficit widened sharply.
StockMarketNews.Today – The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.5 percent last month as demand for computers and electronic products as well as motor vehicles ebbed.
Oil prices advanced on Friday and were near four-year highs. Oil Prices Advance as U.S. Denies Reports of Using Emergency Supply.
StockMarketNews.Today – On the New York Mercantile Exchange, Crude Oil WTI Futures for November delivery traded 0.2% higher to $72.25 a barrel by 12:45AM ET (04:45 GMT), while on London’s Intercontinental Exchange, Brent Oil Futures for December delivery gained 0.05% to trade at $81.42 a barrel.
The U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices.
StockMarketNews.Today – Brent crude futures were down 43 cents, or 0.5 percent, at $81.44 a barrel by 0041 GMT, after gaining nearly 1 percent the previous session. Earlier on Tuesday, Brent hit its highest since November 2014 at $82.55 per barrel.
China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen.
StockMarketNews.Today – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.
OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market.
StockMarketNews.Today – Russian Energy Minister Alexander Novak said no immediate output increase was necessary, although he believed a trade war between China and the United States as well as U.S. sanctions on Iran were creating new challenges for oil markets.
7 Defensive Top Stocks That Are Crushing The Market > There’s been a dramatic shift in investor behavior recently, vaulting defensive sectors such as telecom and consumer staples into market leaders.
StockMarketNews.Today – Defensive sectors such as telecom and consumer staples are generally considered to be safe havens for investors, partly given their track records of steadily rising dividends
OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers.
StockMarketNews.Today – The development further raises pressure on the Organization of the Petroleum Exporting Countries to boost supply amid calls from U.S. President Donald Trump to lower oil prices.
StockMarketNews.Today – Speaking at a conference on Saturday, Ignazio Visco said that in light of Italy’s current public finance conditions, any recourse to deficit spending required caution.