Mario Tama/Getty Images Stocks fell Wednesday as Wall Street sweats over global growth prospects and a bond selloff. The 2-year yield hit its highest level since 2008. Trade-sensitive industrial stocks also fell as tensions between Washington and Beijing persisted. Stocks fell Wednesday as concerns about global economic growth and ongoing trade tensions continued to hang…
LONDON (Reuters) - A deal that would give London’s vast financial services hub basic access to European Union markets after Brexit is nearly done, a British official said. Canary Wharf skyline and the City of London can be seen from the Sea Containers building in London, Britain, October 11, 2018. REUTERS/Henry Nicholls Such a deal…
IBM agreed to acquire software maker Red Hat Inc. for $33.4 billion in the biggest-ever acquisition for the computer-services giant. International Business Machines Corp. will pay $190 per share in cash for Raleigh, North Carolina-based Red Hat, according to a statement from the companies Sunday, confirming an earlier Bloomberg News report. That’s a 63 percent…
President Donald Trump rarely brags about the stock market on Twitter these days. He has instead turned to other issues during the market's sharp correction, one that's wiped out gains for the year just weeks before the crucial midterm elections. Earlier in 2018, when it seemed like stocks were hitting all-time highs on an almost…
WASHINGTON (Reuters) - The United States is preparing a “series of actions” in the coming days to increase pressure on the Venezuelan government, U.S. Secretary of State Mike Pompeo told Fox News on Friday. FILE PHOTO: Venezuela's President Nicolas Maduro gestures as he talks to the media during a news conference at Miraflores Palace in…
JPMorgan Chase CEO Jamie Dimon isn't shy about apportioning blame for a worse-than-possible economic recovery, saying it would have been twice as strong but for a collection of bad policies. "It was nine years, 20% growth; it should have been nine years, 40% growth," Dimon said in a late July interview with Business Insider. "What…
Photo: Mandel Ngan/AFP/Getty Images Earlier this week, Donald Trump declared his administration’s response to Hurricane Maria an “incredible, unsung success.” This took aback many reporters and pundits. After all, that storm’s official death toll sits at nearly 3,000. And the the federal government’s relief effort was riddled with demonstrable failures: Despite receiving advance warning of…
Image copyright Reuters Image caption The opposition blames President Macri's centre-right policies for the recession Argentina's government has unexpectedly asked for the early release of a $50bn (£37.2bn) loan from the IMF amid a growing economic crisis.President Mauricio Macri said the move was designed to restore confidence in the Argentine economy. The Argentine peso has…
Apple continued its slide on worries about softening demand. The tech giant tumbled 4.8 percent after Goldman Sachs equity analysts cut their price target, citing deteriorating demand, especially in China. China, the world’s largest consumer of oil, has also been weighing on commodities. The price of crude, now just above $53 a barrel, has fallen…
President Donald Trump ordered the US Trade Representative to impose a tariff on $200 billion worth of Chinese goods, catapulting the US-China trade war to the next level. "For months, we have urged China to change these unfair practices, and give fair and reciprocal treatment to American companies," Trump said in a statement. "We have…
