Another government shutdown could inflict greater harm on the U.S. economy, especially it were to happen only three weeks after the end of the longest ever such closure, Moody’s Investors Service said on Tuesday.
Major banks have stopped trading the bonds of Venezuela’s state- owned oil firm PDVSA for clients after the United States imposed sweeping sanctions on the firm, according to fund managers.
Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results starting with Apple later on Tuesday and an impending Federal Reserve decision on interest rates.
Chinese telecommunications giant Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou was set to appear in a Canadian court on Tuesday in a case that has strained Beijing’s ties with Canada and the United States.
U.S consumer confidence fell to a 1-1/2 year low in January as a partial shutdown of the government and financial markets turmoil left households nervous about the economy’s near-term outlook.
The S&P 500 and Nasdaq fell on Tuesday, as technology stocks pulled back, while concerns about the upcoming U.S.-China trade talks and mixed earnings reports gave little impetus for markets to recover from a slide a day earlier.
Lockheed Martin Corp, the Pentagon’s top weapons supplier, on Tuesday forecast 2019 profit below estimates and reported that quarterly margins slipped at the unit that makes the radar-evading F-35 fighter jet and C-130 transport plane.
Utility owner PG&E Corp filed for bankruptcy protection on Tuesday in anticipation of liabilities from California wildfires, including a catastrophic 2018 blaze that killed 86 people.
The S&P 500 was little changed on Tuesday, as mixed earnings reports and concerns about the upcoming U.S.-China trade talks gave little impetus for markets to recover from a slide a day earlier.
A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services provider for a lack of transparency.
Volkswagen’s trucks business Traton wants to use alliances with rivals in China, the United States and Japan to tap into global growth and achieve a return on sales of nine percent, Chief Executive Andreas Renschler said on Tuesday.
The proposed merger of Sainsbury’s and rival supermarket operator Asda would be viable even if regulators forced the group to dispose of 132 stores or more, Sainsbury’s house broker UBS said on Tuesday.
U.S. stocks opened flat on Tuesday, stabilizing after a slide a day earlier driven by concerns that the fallout from the U.S.-China trade dispute could be set to dominate the corporate earnings season and weaken profits.
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday.
Gold climbed to a seven-month high on Tuesday and stocks were back on the up too, as investors dug in for three days of political and economic drama and a blizzard of big tech earnings, starting with Apple later.
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