Stocks pause on unsettled trade deal; earnings eyed
Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday.
Industrial earnings take center stage in third quarter with trade, economy in focus
Profit reports from big manufacturers and other industrial firms arriving this week will provide investors with a crucial corporate gauge of the U.S. economy’s health and the fallout from trade tensions between Washington and Beijing.
Stocks meander on caution over trade talks, dollar gains
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement.
Oil falls more than 2% on U.S.-China trade deal doubts, stronger dollar
Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.-China trade deal did little to assure a quick resolution to the tariff fight.
Oilfield services firm ProPetro cuts almost 150 workers: sources
ProPetro Holding Corp this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.
Southwest pilots union sees 737 MAX return in February or later
A union representing pilots at Southwest Airlines Co on Monday said it believes the grounded Boeing 737 MAX will likely return to the skies in “probably a February time frame to say the least.”
U.S. House panel ‘strongly’ urges Uber, Lyft to take part in hearing
The chairman of the U.S. House of Representatives’ Transportation and Infrastructure Committee “strongly urged” Uber Technologies Inc and Lyft Inc to participate in a hearing set for Wednesday on issues facing the ride hailing industry.
Oil falls more than 2% on doubts around phase one of U.S.-China trade deal
Oil prices slumped more than 2% on Monday on worries that global crude demand could stay under pressure as a lack of details about the first phase of a U.S.-China trade deal dimmed hopes for a quick resolution to the tariff fight.
Wall Street takes a breather after trade talks, eyes on earnings
Wall Street struggled for direction on Monday as inconclusive U.S.-China trade negotiations dampened sentiment and investors turned toward third-quarter earnings season, which begins in earnest on Tuesday.
Facebook’s Libra support shrinks further as Priceline owner jumps ship
Facebook Inc’s Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.
