Selloff slugs Europe as stocks head for worst losing streak since 2013
World stocks slid lower on Friday and were set to post their worst weekly losing streak in more than five years, as anxiety over corporate profits added to fears about global trade and economic growth.
Stock futures sink as Amazon, Alphabet spark fresh selloff ahead of GDP data
U.S. stock index futures plunged on Friday as disappointing results from behemoths Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, ahead of data that will likely show U.S. economic growth slowed last quarter.
Hog industry worldwide getting slaughtered in trade war
Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China.
Trade retaliations against the U.S. hit Canada farmers, too
The United States’ trade wars have allowed Canada’s agriculture industry to pump up sales of soybeans and wheat to China, and pork to Mexico.
Almost two-thirds of world stocks in bear territory but $8.5 billion flows into funds: BAML
With 63 percent of MSCI’s global index now in a “bear” market, world stocks look oversold but global equity funds nevertheless attracted inflows of $8.5 billion over the past week, Bank of America Merrill Lynch said on Friday.
Long-term care policies loom over U.S. life insurance results
Big U.S. life insurers are bracing for elevated payouts to owners of long-term care policies, which cover expenses like assisted living for infirmed and elderly customers.
Asked about Green knighthood, UK PM’s spokeswoman says committee constantly reviews evidence
Britain’s honors committee constantly reviews evidence, Prime Minister Theresa May’s spokeswoman said on Friday when asked whether businessman Philip Green should be stripped of his knighthood.
Exclusive: Guarding stability, China likely to slow yuan’s slide to 7 per dollar – sources
China is likely to use its vast currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per dollar as it could risk triggering speculation and heavy capital outflows, policy insiders said.
High as a kite? Danish cannabis firm StenoCare shares surge on debut
Danish cannabis firm StenoCare sparked a stock market stampede on Friday as investors rushed to buy into its shares on their debut, driven by enthusiasm for the therapeutic benefits of its products.
Weak soybean exports seen slowing U.S. third quarter growth
The U.S. economy likely slowed in the third quarter, held back by a tariff-related drop in soybean exports, but the pace probably remained strong enough to stay on track to hit the Trump administration’s 3 percent target this year.
