Wall Street slips as tariff deadline closes in

Wall Street slips as tariff deadline closes in
NEW YORK (Reuters) – Wall Street’s main stock indexes ended slightly lower on Tuesday, though not far from record highs, as investors awaited concrete news on whether a new round of U.S. tariffs on Chinese goods would take effect on Dec. 15, a potential turning point in a trade dispute between the world’s two largest economies that has convulsed markets.... Read More

Wall Street flat as tariff deadline nears

Wall Street flat as tariff deadline nears
NEW YORK (Reuters) – Wall Street’s main stock indexes were little changed on Tuesday, hovering near record highs, as investors awaited concrete news on whether U.S. tariffs on Chinese imports would take effect on Dec. 15, a potential turning point in the two countries’ trade dispute that has convulsed markets. FILE PHOTO: Traders work on the floor at the New... Read More

Explainer: Malaysia’s mega 1MDB scandal that has scalded Goldman Sachs

Explainer: Malaysia’s mega 1MDB scandal that has scalded Goldman Sachs
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Mahathir Mohamad has vowed to bring back billions of dollars allegedly stolen from state fund 1Malaysia Development Bhd (1MDB), co-founded by his predecessor Najib Razak. FILE PHOTO: A construction worker works in front of a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia February 3, 2016.... Read More

Chinese defy Hong Kong’s protest gloom in hunt for bargain stocks

Chinese defy Hong Kong’s protest gloom in hunt for bargain stocks
SHANGHAI (Reuters) – Chinese investors more than doubled their Hong Kong stocks purchases this year, braving market headwinds from violent street protests and the protracted Sino-U.S. trade war, which have battered the Asian financial hub’s economy. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China January 24, 2018. REUTERS/Bobby... Read More

Stocks keep the faith, sterling gallops higher

Stocks keep the faith, sterling gallops higher
LONDON (Reuters) – Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week’s UK election will lead to a smooth Brexit. FILE PHOTO: Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato Belief a... Read More

Wall Street falls on weak manufacturing data, trade woes

Wall Street falls on weak manufacturing data, trade woes
(Reuters) – Wall Street retreated on Monday as disappointing U.S. economic data and fresh trade worries dampened investor risk appetite. Trader Jonathan Corpina works with children during a traditional bring-your-kids-to-work day on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 29, 2019. REUTERS/Brendan McDermid All three major U.S. stock averages began the last month... Read More

WeWork’s ill-fated IPO shows market discipline: Oaktree’s Marks

WeWork’s ill-fated IPO shows market discipline: Oaktree’s Marks
TOKYO (Reuters) – WeWork’s failure to go public and this year’s disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital’s OAKCP.UL billionaire co-chairman Howard Marks said. FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch – RC1962504960/File Photo... Read More

Activist investor seeks to oust Trump friend Barrack from CEO job at Colony Capital

Activist investor seeks to oust Trump friend Barrack from CEO job at Colony Capital
BOSTON (Reuters) – Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost gains. FILE PHOTO: Tom Barrack, CEO of Colony Capital, speaks at the Republican National Convention in Cleveland, Ohio,... Read More

U.S. consumer confidence ebbing; housing market firming

U.S. consumer confidence ebbing; housing market firming
WASHINGTON (Reuters) – U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending. FILE PHOTO: A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo.... Read More

U.S. consumer confidence slips; new home sales decline

U.S. consumer confidence slips; new home sales decline
WASHINGTON (Reuters) – U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending. FILE PHOTO: A shopper walks down an aisle in a newly opened Walmart Neighborhood Market in Chicago in this September 21, 2011 file photo.... Read More