Fears of U.S. slowdown weigh on stocks; dollar hits 29-month high
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. factory activity sinks to 10-year low in September
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.
Big drone on campus: UPS gets U.S. government okay for drone airline
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.
Charles Schwab to end commissions for stock trading, shares fall
Discount brokerage 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.
Hyundai, Kia sue four big U.S. railroads over fuel surcharges
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.
Wall Street drops sharply as manufacturing contracts again
Wall Street’s main indexes dropped sharply on Tuesday after data showed U.S. manufacturing contracted for the second straight month in September, fanning fears of slowing growth in the world’s largest economy.
Too big to lend? JPMorgan’s cash tweaks take toll on U.S. repo
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.
Despite third quarter decline, Tesla’s Model 3 stays on top in Norway
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, Mahindra agree $275 million deal for India, emerging markets
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 bide its time for better plane deals, says O’Leary
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.
