Retail, tech stocks lead slide on Wall Street
The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl’s as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a technology selloff.
Amazon, Blackstone among bidders for 22 Disney sports networks: CNBC
Amazon.com Inc and private equity firm Blackstone Group are bidding for Walt Disney Co’s 22 regional sports networks, including New York-focused Yes Network, CNBC reported on Tuesday, citing sources familiar with the matter.
Instant View: Wall Street rout continues in early trade
U.S. stocks tumbled in early trade on Tuesday. The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl’s fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand.
Bitcoin crashes to lowest this year, losses top 25 percent in a week
Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in the world’s best-known digital coin to 25 percent within a week.
Lowe’s to get rid of Mexico stores in further restructuring
Lowe’s Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and two of its smaller U.S. businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.
Oil drops 4 percent as equities slide sparks demand worries
Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street’s broader selloff fed by growing concerns about slowing global growth.
eBay polishes plans for online second-hand luxury watch market
Buying a second-hand luxury watch on eBay should get easier next year as the company gets better at checking that only genuine timepieces are sold on the online platform.
Denmark aims to improve whistleblower protection amid Danske Bank scandal
Denmark pledged to improve legal protection for whistleblowers after a British man who helped expose alleged money laundering at Danske Bank , spoke publicly for the first time.
Goldman Sachs sees ‘modest’ emerging market rebound in 2019
Investment bank Goldman Sachs said on Tuesday that it expected emerging market shares, currencies and bonds to see a modest rebound next year.
Nvidia shares turn positive after Citron buys stock
Shares of Nvidia Corp reversed course after markets opened to gain about 2.5 percent on Tuesday after shortseller Citron Research said it has bought the chip designer’s stock.
