Fidelity launches new company for trading and storing cryptocurrencies
Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, the asset manager said on Monday.
U.S. retail sales increase modestly; consumer spending strong
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
West-Saudi tensions lift safe havens; stocks slip
Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over economic growth, with investors flocking to traditional safe havens like the Japanese and Swiss currencies, as well as gold.
AstraZeneca will keep UK investment freeze if no Brexit clarity
AstraZeneca will keep its freeze on manufacturing investments in Britain if the country’s exit from the European Union fails to give enough clarity on future trading relations, the drugmaker’s chairman was quoted as saying on Monday.
Around 100,000 Opel vehicles to be recalled in diesel probe: ministry
Germany’s Transport Ministry said on Monday it would order roughly 100,000 Opel vehicles to be recalled as part of an emissions probe, after prosecutors searched the carmaker’s offices earlier in the day.
Wall St. drops as Apple slips, Saudi issue flares up
U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months.
U.S. retail sales rise modestly; consumer spending strong
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.
Aerion’s supersonic business jet to meet U.S. noise standards
Aerion Supersonic, the developer of a $120 million supersonic business jet, said on Monday it would be able to take off and land without regulatory changes in the United States, a potential boost to efforts to bring back faster air travel.
Around 100,000 Opel vehicles to be recalled in diesel probe – ministry
Germany’s Transport Ministry said on Monday that roughly 100,000 Opel vehicles were to be recalled shortly after a further manipulation of diesel emissions by exhaust management software was discovered.
Credit Suisse downgrades U.S. steel sector citing oversupply
Credit Suisse on Monday downgraded the U.S. steel sector as it expects prices to fall due to oversupply, stemming from the Trump administration’s move to slap tariffs on Chinese imports.
