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Dow down over 300 points as measure of manufacturing activity indicates contraction
U.S. stocks were firmly lower Tuesday after the U.S. launched a new round of tariffs on $112 billion in Chinese goods Saturday, with China retaliating with new levies of its own, while a key gauge of the U.S. manufacturing sector signaled the first contraction in activity in three years. The new trade barriers and a …
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GE Is New Target of Madoff Whistleblower
An accounting expert who raised red flags about Bernie Madoff ’s Ponzi scheme has a new target: General Electric Co. GE -7.64% In a research report posted online Thursday, Harry Markopolos alleges the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. The report, which numbers …
Trump’s China Tariff Threat Roils Markets Around the World
• U.S. Treasury yields down U.S. stock futures slipped and global indexes moved sharply lower Friday after President Trump threatened to extend tariffs to essentially all Chinese imports. The Stoxx Europe 600 fell about 2%, its biggest drop since December 2018. “The problem with Europe is that it is more exposed to Chinese growth than …
Asian shares mostly fall as new stock market debuts in Shanghai
Asian shares were mostly lower Monday after Wall Street ended last week lower as investors continue to watch for what may be in store for U.S. interest rates. Japan’s Nikkei 225 NIK, -0.23% …
Asian markets recover after China’s GDP growth fails to meet already low expectations
Asian markets recovered from early losses Monday, as China posted its weakest quarterly GDP growth in at least 27 years. Data on Monday showed the world’s second-largest economy expanded by 6.2% over a year earlier, down from the previous quarter’s 6.4%. The result was the slowest since the first quarter of 1992 when the earliest …
The Dow components that drove the blue-chip stock index to a 27,000 milestone
Which company deserves the most credit for the Dow Jones Industrial Average’s run to a milestone at 27,000 since last posting a finish at or above a round-number milestone at 26,000 back on Jan. 17? Visa Inc. V, +0.80% …
Cigna, CVS Health Soar as Dow Jones Industrial Average Rises
Illustration by Michael George Haddad Text size Stocks are poised to push higher as investors respond to Congressional testimony by Federal Reserve Chairman Jerome Powell that raised expectations for an interest-rate cut at the end of the month. Powell will conclude two days of testimony on Thursday. He is scheduled to appear before the Senate …
Stock-market investors haven’t been this bearish since the 2008 financial crisis, says Bank of America
The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch. The survey of 179 global managers overseeing some half trillion dollars in assets told BAML that pessimism has been driven by concerns over U.S.-led …
