Month: July 2018

China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry.

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JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco’s potential acquisition of a stake in petrochemical maker SABIC , four sources familiar with the matter said.

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U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high, likely sidelining some potential buyers.

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U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers.

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U.S. stock indexes dipped on Monday, led by losses in shares of Amazon and technology companies, as investors awaited quarterly reports from a host of marquee names to gauge the impact of an escalating trade conflict between the United States and China.

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Oilfield services provider Halliburton Co on Monday reported a sharp increase in quarterly revenue, but its shares fell by more than 6 percent as investors eyed growing pipeline constraints in the Permian Basin.

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Shares of Papa John’s International Inc fell 8 percent on Monday after the Pizza chain said it would implement a “poison pill” stock dilution that would act against any move by founder John Schnatter to take a bigger stake.

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Shares of Tesla Inc fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.

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Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.

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U.S. stocks opened flat on Monday as losses in technology names offset gains in energy stocks following a rise in crude oil prices.

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U.S. stocks were set for a flat opening on Monday as investors awaited quarterly reports from a clutch of big U.S. manufacturers to gauge the impact of an escalating trade conflict between the United States and China.

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