Deutsche paints gloomy picture at investor gathering
Deutsche Bank pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany’s biggest lender to revive its fortunes against a gloomy economic backdrop.
U.S. productivity weak in third quarter; labor costs revised lower
U.S. worker productivity fell by the most in nearly four years in the third quarter, the government confirmed, while growth in unit labor costs was not as robust as initially thought.
Britain’s Lloyds criticized for mistreating victims of major fraud
Lloyds Banking Group has been heavily criticized for mishandling a compensation scheme for victims of one of Britain’s biggest banking scandals in a report published on Tuesday.
Futures down with focus on tariff deadline
U.S. stock index futures slipped on Tuesday as investors stayed on the sidelines ahead of a looming U.S. tariff deadline on Chinese goods that could possibly derail any progress made in trade talks between the world’s top two economies.
Dollar General to sell CBD cosmetics in select Tennessee and Kentucky stores
Discount store chain Dollar General Corp said on Tuesday it would sell cannabidiol (CBD) cosmetic products in more than 1,000 stores in Tennessee and Kentucky, as demand for the products grows.
World stocks sink as tariff deadline approaches
Global stock markets fell for a second day on Tuesday, as caution over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports weakened risk appetite and limited outsized market moves.
Netflix could lose four million U.S. subscribers in 2020: brokerage
Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year.
France fines Morgan Stanley $22 million for bond manipulation
France’s markets watchdog AMF said on Tuesday it had fined U.S bank Morgan Stanley 20 million euros ($22 million) for manipulation of sovereign bonds.
Non-Saudi investors get 23% of Aramco IPO institutional tranche
Non-Saudi investors in oil giant Saudi Aramco’s initial public offering have been allocated 23.1% of the institutional tranche, one of the lead banks working on the transaction said on Tuesday.
Drowning in uncertainty: Trade questions slow investment, squeeze profits across U.S.
From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump’s trade wars might end, if ever, is confounding many U.S. manufacturers.
