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Home2019

Year: 2019

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Business News

Walmart faces pressure to stop gun sales after latest U.S. mass shootings

August 5, 2019 admin Comments Off on Walmart faces pressure to stop gun sales after latest U.S. mass shootings

Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at a Walmart store, left 31 people dead in Texas and Ohio.

…read more […]

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Business News

Oil falls 3% as trade war concerns hit demand outlook

August 5, 2019 admin Comments Off on Oil falls 3% as trade war concerns hit demand outlook

Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.

…read more […]

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Business News

Wall St. sinks as yuan slide intensifies U.S.-China trade dispute

August 5, 2019 admin Comments Off on Wall St. sinks as yuan slide intensifies U.S.-China trade dispute

U.S. stocks tumbled on Monday, with the benchmark S&P 500 sliding more than 3%, as a fall in the yuan following U.S. President Donald Trump’s vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the U.S.-China trade war.

…read more […]

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Business News

New Media to buy USA Today-owner Gannett in $1.4 billion deal

August 5, 2019 admin Comments Off on New Media to buy USA Today-owner Gannett in $1.4 billion deal

New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co , valuing the company at about $1.4 billion.

…read more […]

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Business News

Fed’s Brainard says monitoring market developments ‘very closely’

August 5, 2019 admin Comments Off on Fed’s Brainard says monitoring market developments ‘very closely’

Federal Reserve Governor Lael Brainard said she was monitoring the rout on Wall Street on Monday, as officials take stock of how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy.

…read more […]

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Business News

Stocks fall on trade worries as yuan sinks to a decade low

August 5, 2019 admin Comments Off on Stocks fall on trade worries as yuan sinks to a decade low

Stock markets around the world fell hard on Monday on fears that China’s willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world’s two largest economies.

…read more […]

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U.S. stocks drop most since December

August 5, 2019 admin Comments Off on U.S. stocks drop most since December

U.S. stocks fell the most since December on Monday after China allowed its currency to weaken beyond a key threshold, signaling dimmer prospects for a de-escalation in U.S.-China trade tensions.

…read more […]

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Business News

Wall Street sinks as yuan slide intensifies trade angst, Dow loses 700 points

August 5, 2019 admin Comments Off on Wall Street sinks as yuan slide intensifies trade angst, Dow loses 700 points

The Dow Jones Industrial Average tumbled more than 700 points in a global selloff on Monday, triggered by China’s willingness to let the yuan slide in response to the latest U.S. threats on trade.

…read more […]

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Business News

Oil falls 2% as trade war concerns hit demand outlook

August 5, 2019 admin Comments Off on Oil falls 2% as trade war concerns hit demand outlook

Global oil benchmark Brent futures fell more than 2% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.

…read more […]

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Business News

Tyson Foods hits record high after beating estimates, prepares for China profit boost

August 5, 2019 admin Comments Off on Tyson Foods hits record high after beating estimates, prepares for China profit boost

Tyson Foods Inc reported better-than-expected quarterly earnings on Monday and reaffirmed expectations it will profit from the spread of a fatal hog disease in China, sending shares to a record high.

…read more […]

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Sports Direct buys fashion retailer Jack Wills for 12.75 million pounds

August 5, 2019 admin Comments Off on Sports Direct buys fashion retailer Jack Wills for 12.75 million pounds

Britain’s Sports Direct International Plc has bought clothing retailer Jack Wills for 12.75 million pounds ($15.51 million), the Mike Ashley-led company said on Monday.

…read more […]

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U.S. services sector slows; orders hit three-year low

August 5, 2019 admin Comments Off on U.S. services sector slows; orders hit three-year low

U.S. services sector activity slowed in July as new orders dropped to their lowest level in three years, suggesting the economy lost further momentum early in the third quarter.

…read more […]

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Business News

Takeaway.com and Just Eat agree merger terms

August 5, 2019 admin Comments Off on Takeaway.com and Just Eat agree merger terms

Amsterdam-based Takeaway.com and British rival Just Eat have finalised the terms of their deal to create a global food delivery company that can rival Uber Eats as the largest outside China.

…read more […]

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Business News

Oil falls as trade war concerns hit demand outlook

August 5, 2019 admin Comments Off on Oil falls as trade war concerns hit demand outlook

Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.

…read more […]

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Business News

Wall Street slumps as yuan slide intensifies trade angst

August 5, 2019 admin Comments Off on Wall Street slumps as yuan slide intensifies trade angst

Wall Street’s main indexes fell sharply on Monday, with the Dow Jones Industrial Average tumbling more than 500 points, as China’s willingness to let the yuan slide in response to the latest U.S. tariff threat fanned fears that it could further aggravate an ongoing trade war.

…read more […]

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