Prime Minister Theresa May’s warned lawmakers that unless they approved her Brexit divorce deal after two crushing defeats, Britain’s exit from the European Union could face a long delay and could involve taking part in […]
Volatility Index VIX Chart The Fed is expected to hold interest rates steady, but it is also expected to issue a new forecast with fewer rate hikes and a slower economy. The Fed also is […]
Output at U.S. factories decreased 0.4% in February after falling 0.5% in January, according to Federal Reserve data released Friday. The decline was spread across multiple sectors, with output of machinery, electronics and apparel all […]
Investors continue to monitor remarks out of Washington and Beijing on trade negotiations
Vice Foreign Minister Choe Son Hui blamed top U.S. officials for the breakdown of last month’s summit in Hanoi between U.S. President Donald Trump and North Korean leader Kim Jong Un.
Growth in China’s industrial output fell to a 17-year low, in the first two months of the year, pointing to further weakness in the world’s second-biggest economy… But investment picked up speed as the government fast-tracked more road and rail projects, offering some relief for policymakers as they work to avert a sharper slowdown, data showed on Thursday.
Music-streaming service Spotify Technology SA has filed an antitrust complaint in Europe against Apple Inc., a new salvo in the broader battle over how and whether to rein in alleged wrongdoing by tech giants. Spotify’s complaint, filed late Monday to the antitrust arm of the European Union, alleges that Apple in recent years has abused its control over which apps appear in its App Store. The restrictions, Spotify claims, are designed to restrict music-streaming services that compete with Apple’s own Apple Music.
U.S. stock index futures were little changed early Wednesday as investors continued to monitor political and economic uncertainties across the globe. At 6:30 a.m. ET, Dow futures implied an open of less than 5 points. Futures on S&P 500 and Nasdaq were also relatively flat.
Britain said on Wednesday it would eliminate import tariffs on a wide range of goods and avoid a so-called hard border between Ireland and Northern Ireland in the event of a no-deal Brexit. The government announced the moves, which it said would be temporary, ahead of a vote by lawmakers later on Wednesday on whether Britain should leave the European Union without a deal, a prospect that alarms many employers with the scheduled March 29 Brexit date fast approaching.
The backlash against Boeing Co.’s 737 MAX jet escalated Tuesday, with groundings of the new jetliner spreading to Australia, Singapore and Latin America, amplifying the problem the company faces to contain the fallout from Sunday’s Ethiopian Airlines crash.
European Commission head Jean-Claude Juncker agreed to additional assurances in an updated Brexit deal with British Prime Minister Theresa May on Monday, but warned UK lawmakers would not get a third chance to endorse it. Sterling, which had risen ahead of the talks between May and Juncker, extended gains in hopes the changes may be enough to sway rebellious British lawmakers who have threatened to vote down May’s plan again on Tuesday.
Boeing Co, the best performing Dow component this year by a wide margin, dropped 6.7 percent after many airlines grounded the company’s new 737 MAX 8 passenger jet. Helping markets gain ground was the heavyweight Dow component’s stock bouncing off its session lows, while the Dow Jones Airlines index reversed course to trade 0.34 percent higher.
U.S. chipmaker Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the company boost its data center business. The all-cash offer of $125 per share represents a premium of 14 percent to Mellanox’s Friday close. Shares of Mellanox rose 8.7 percent and Nvidia shares rose about 1 percent in premarket trading.
More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday. UK lawmakers are due to vote on Tuesday on an EU divorce settlement. But with less than three weeks to go before Brexit day on March 29, it is still unclear whether the deal will be approved, whether departure from the EU will be delayed, or whether it will happen without agreement.
Economic reports will remain in focus in the week ahead, after data on Friday showed that U.S. job growth stalled in February, raising new concerns about the economy. January’s delayed retail sales figures, February’s inflation numbers and the latest report on durable goods orders all take on added significance, particularly after a recent batch of disappointing data showing that both consumers and businesses have pulled back.
European plane maker Airbus for two decades was the biggest champion of the world’s largest airliners. After dumping the A380 superjumbo earlier this year, the jet maker is all but ceding the market for the very biggest airliners to rival Boeing Co.
Tech giant Microsoft is taking legal action against Foxconn parent Hon Hai, after the Taiwanese consumer-electronics manufacturer allegedly failed to comply with a patent-licensing agreement from 2013. In a Friday court filing, Microsoft accused Foxconn of failing to provide twice-yearly royalty reports concerning certain unspecified products and has not made royalty payments on time. The suit was filed in the U.S. District Court for the Northern District of California.
The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday. The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.
The breakneck pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage growth and earlier robust job gains suggest the economy’s near decadelong expansion will endure. U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said Friday, marking the slowest pace for job growth since September 2017—when hurricanes skewed hiring patterns—and falling well below economists’ expectations for 180,000 new jobs.
Venezuela’s power supply remained patchy on Friday after the worst blackout in decades paralyzed most of the country, exacerbating hardship for millions of people already suffering from hyperinflation and widespread shortages of basic goods.
Major U.S. stock indexes fell Friday, putting them on pace for their worst week since December, as swelling concerns about slowing global and U.S. economic growth further hindered this year’s rally. Data showing a sharp slowdown in U.S. hiring growth last month rounded out a troubling week for investors that also coincided with the 10th anniversary of the bull market.
Unless you are a serial entrepreneur, you are bound to make mistakes when you start a business (and even they make a few.) Some mistakes are minor and become part of the trial-and-error new entrepreneur learning process. Other mistakes can cripple your new business. But which is which?
Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks, but negotiators have made progress, White House trade adviser Clete Willems said at an event on Friday… “We’re talking to them (Chinese officials) every day, but no one’s got any trip plans,” Willems told reporters on the sidelines of a Georgetown Law School trade event in Washington. When asked about the prospect for future face-to-face meetings, Willems said “Maybe. But there are no plans right now.”
At around 6:45 a.m. ET, Dow Jones Industrial Average futures slipped 103 points, indicating a drop of 107.23 points at the open. Futures on the S&P 500 and Nasdaq 100 were both seen slightly lower. Market focus is largely attuned to economic data, after shockingly weak export figures from China exacerbated concerns about a global economic downturn.
China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.
The U.S. Labor Department’s closely watched monthly employment report on Friday could show moderation in employment growth, in line with a slowing economy that in July will mark 10 years of expansion, the longest on record.
Under the current system, Wall Street banks and other massive traders get hefty rebates based on how much business they funnel to exchanges. The result of this complex and often opaque system is that big users can end up trading for free, or even get paid to trade, while small brokers pay substantial fees.
U.S. stocks slid Thursday after the European Central Bank unveiled plans to deploy additional stimulus, raising fresh worries about the health of the global economy. The Dow Jones Industrial Average fell 263 points, or 1%, to 25409, heading for its fourth straight day of losses. The S&P 500 declined 1% and the Nasdaq Composite shed 1.1%.
The European Central Bank signaled a major policy reversal Thursday, flagging plans for fresh measures to stimulate the eurozone’s faltering economy less than three months after phasing out a €2.6 trillion ($2.9 trillion) bond-buying program, making it the first rich-country central bank to ease policy in response to a global slowdown.
Huawei Technologies Co. filed a lawsuit challenging a law signed by President Trump in August that restricts federal agencies from doing business with the Chinese company, the latest in a series of countermoves by the telecommunications giant.
The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line of professional-grade mechanics tools under the Craftsman Ultimate Collection brand.
Asian shares eased on Thursday, as investors showed caution over the outlook for global growth as they awaited the outcome of Sino-U.S. trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.
The international trade deficit in goods and services widened 19% in December from the prior month to a seasonally adjusted $59.8 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a $57.3 billion gap.