Wall St. muted as trade optimism fades
Wall Street’s main indexes were subdued on Tuesday, as a trade truce-fueled relief rally in the previous session fizzled out after the United States threatened additional tariffs on European goods.
Oil dives 3% on demand worries even as OPEC, allies extend cuts
Oil prices fell about 3% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand.
Irish regulator opens third privacy probe into Apple
Apple’s main regulator in the European Union, Ireland’s Data Protection Commissioner (DPC), has opened a third privacy investigation into the iPhone maker over the last few weeks, a spokesman for the DPC said on Tuesday.
Huawei founder downplays effect of promised Trump reprieve: FT
U.S. President Donald Trump’s move to relax a ban on Huawei Technologies Co Ltd’s equipment will not have “much impact” on its business as it adjusts to a new era of American hostility, the Financial Times quoted Huawei founder Ren Zhengfei as saying o…
Relief rally fades fears of expanding trade wars
The global stocks rally that followed progress on U.S.-China trade relations stalled on Tuesday, pressured by weak manufacturing data from the euro zone and the United States, and as Washington threatened additional tariffs on European goods.
Credit Suisse wealth boss Khan quits in pursuit of top job
Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland’s second-largest bank in the latest high-level departure under Chief Executive Tidjane Thiam.
Arizona to pull incentive for Nike plant over sneaker recall
Arizona will withdraw financial incentives for Nike Inc’s manufacturing plant in the state after the sportswear maker pulled the release of a sneaker that featured a colonial-era version of the American flag, Governor Doug Ducey said on Tuesday.
Facebook’s Libra cryptocurrency needs deep thought and detail: UK regulator
Facebook’s fledging cryptocurrency will raise questions for both society and government that need close examination, a senior official at Britain’s financial watchdog said on Tuesday, in another sign that the planned project will face deep scrutiny.
White House’s Navarro says China trade deal will take time: CNBC
White House trade adviser Peter Navarro said on Tuesday U.S. trade talks with China are heading in the right direction and any concessions to Beijing on Huawei Technologies [HWT.UL] were small in the context of a larger trade deal.
Wall St. slips as trade optimism fades
U.S. stocks edged lower on Tuesday, a day after a record-setting rally, as optimism sparked by the U.S.-China trade truce waned after Washington threatened tariffs on $4 billion of additional EU goods.
