Wall St. ends down while oil tumbles on demand worries
Wall Street indexes fell in Tuesday’s volatile session though they had pared losses sharply by the closing bell as investors looked for bargains, but oil dropped sharply on demand worries.
SoftBank’s Son cancels Saudi conference speech: sources
SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, canceled a speaking engagement at the kingdom’s investment conference this week, two people familiar with the matter told Re…
Wall St. cuts losses as investors snap up shares
U.S. stocks cut their losses late on Tuesday and the Nasdaq briefly turned higher as investors bought back beaten-down shares, though worries about company earnings outlooks kept a lid on the market.
U.S. appeals court revives Nestle child slavery lawsuit
A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world’s largest food maker, and Cargill Co [CARG.UL] of perpetuating child slavery at Ivory Coast cocoa farms.
Caterpillar tries to allay earnings concerns after shares tank
Caterpillar Inc tried on Tuesday to ease mounting concerns about China and global demand after it affirmed its 2018 profit estimate, a move that investors feared signaled a cap in earnings growth and sparked a sell-off in its shares.
Global stocks, oil prices stumble, investors eye bonds, gold
Wall Street indexes were down on Tuesday though they pulled back from the day’s lows after investors fled to safety on worries about a global slowdown in growth while oil tumbled and pressure mounted on Saudi Arabia over the death of journalist Jamal K…
Mood is subdued at Saudi forum under shadow of Khashoggi death
When the world’s business elite gathered last year for Saudi Arabia’s top investment forum, Crown Prince Mohammed bin Salman dazzled them with plans to build a $500 billion mega-city.
Capital One Bank fined $100 million over money-laundering controls
A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years.
McDonald’s overseas strength counters U.S. sales miss
McDonald’s Corp’s investment in online and touch-screen ordering drove a 13th straight rise in global same-store sales in the third quarter, allaying concerns about the world’s biggest fast food chain’s poor growth in the United States.
Apple’s Cook set to back strong privacy laws in Europe, U.S. at Brussels event
Apple Chief Executive Tim Cook is expected to praise new European privacy rules and to voice the company’s support for strong laws in Europe and the United States to protect the use of data, according to prepared remarks for delivery at a Brussels eve…
