Wall Street’s main indexes reversed course on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, deepening worries about the impact of a U.S.-China trade war on the world’s largest economy.
Ford Motor Co and Mahindra & Mahindra said on Tuesday they would form a joint venture in India, in a move aimed at reducing risks for the U.S. automaker’s local business and cutting the cost of developing and producing vehicles for emerging markets.
Toyota Motor Corp’s U.S. sales fell 16.5% in September due to declining demand for sedans such as Camry and Prius, as well as lower sales of its Highlander and Tacoma sport utility vehicles, the Japanese carmaker said on Tuesday.
Weak economic data in the United States and Europe weighed on global stock benchmarks on Monday, sending investors into safe-haven assets and pushing the dollar to a 29-month high.
U.S. manufacturing activity tumbled to a more than 10-year low in September as lingering trade tensions weighed on exports, further heightening financial market concerns of a sharp slowdown in economic growth in the third quarter.
United Parcel Service Inc on Tuesday said it won the U.S. government’s first full approval to operate a drone airline, which gave it a lead in the nascent U.S. drone delivery business over rivals Amazon.com Inc and Alphabet Inc .
Hyundai Motor Co and its Kia affiliate have sued the four largest U.S. railroads, accusing them of violating U.S. antitrust law by conspiring to drive up shipping costs though coordinated fuel surcharges.
Discount brokerage company Charles Schwab Corp said on Tuesday it is eliminating commissions for online trading of stocks, ETFs and options listed on U.S. or Canadian exchanges.
JPMorgan Chase & Co has become so big that some rival banks and analysts say changes to its $2.7 trillion balance sheet were a factor in a spike last month in the U.S. “repo” market, which is crucial to many borrowers.
Gains in technology stocks lifted Wall Street’s three main indexes higher for the second straight session on Tuesday, while investors awaited manufacturing data for fresh signs of domestic demand in the world’s largest economy.
Discount brokerage company Charles Schwab Corp said on Tuesday it is eliminating commissions for online trading of stocks, ETFs and options listed on U.S. or Canadian exchanges.
Tesla Inc’s electric Model 3 remained Norway’s top-selling car in the third quarter, although its sales declined from earlier in the year, registration data showed on Tuesday.
Ford Motor Co and Mahindra & Mahindra will form a joint venture in India valued at $275 million to produce and sell vehicles in the country and export to emerging markets, the two companies said on Tuesday.
Ryanair can wait out price rises sought by planemakers since the global grounding of the Boeing 737 MAX, the Irish airline’s boss said on Tuesday.
Wall Street’s main indexes were headed for a strong open on Tuesday ahead of the release of manufacturing data as investors looked for fresh signs of domestic demand in the world’s largest economy amid softening global growth.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
