Business & Finance News
U.S. stocks were flat on Wednesday morning, clawing back from losses of more than 1 percent earlier, helped by energy stocks as oil prices reversed earlier losses and bank stocks as 10-year U.S. treasury yields moved off a near year-low.
Oil prices rose 3 percent on Wednesday, tracking U.S. equity markets that also pared some earlier losses, but traders said concerns about rising crude production and weakening global economic trends were likely to keep rallies contained.
Tesla Inc shares fell 9 percent on Wednesday after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States to offset a reduction in a green tax credit.
U.S. stocks started the new year with a more than 1 percent decline on Wednesday, as weak data in Asia and Europe confirmed fears of a global economic slowdown while the U.S. government shutdown dragged on.
The benchmark 10-year U.S. government bond hit an 11-month low on Wednesday, beginning the year down nearly 50 percent from its 2018 high amid concerns about a global growth slowdown.
The Frankfurt prosecutor on Wednesday said it has dropped a probe against Deutsche Boerse’s former Chief Executive Carsten Kengeter who was being investigated for suspected insider trading.
U.S. stocks opened lower in the first session of the year as weak data in Asia and Europe confirmed fears of a global economic slowdown while the U.S. government shutdown dragged on.
Oil fell toward $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and concerns about an economic slowdown that could weaken demand.
Tesla Inc shares sank 8 percent on Wednesday after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States in response to the loss of a green tax credit.
Roku Inc said on Wednesday it will begin offering premium video channels to customers for a subscription fee as it expands its free streaming video service.
U.S. stocks were set to open sharply lower on Wednesday, coming off their worst year in a decade, as weak data in Asia and Europe confirmed fears of a global economic slowdown while the U.S. government shutdown dragged on.
Tesla Inc said on Wednesday it produced 61,394 Model 3s and delivered nearly 1,000 vehicles per day in the fourth quarter.
World shares began 2019 on a downbeat note, oil prices and bond yields skidded lower and the Japanese yen strengthened on Wednesday as data from China to France confirmed investors’ fears of a global economic slowdown.
U.S. stock index futures sank on Wednesday, offering no respite as Wall Street comes off its worst year in a decade, as weak data in Asia and Europe confirmed fears of a global economic slowdown, while the U.S. government shutdown dragged on.
World shares started 2019 on a downbeat note, oil prices and bond yields skidded lower and the Japanese yen strengthened on Wednesday as data from China to France confirmed investors’ fears of a global economic slowdown.
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