Wall Street rally goes up in smoke, indexes end lower
(Reuters) – A rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China’s economy outweighed lower valuations that some earlier saw as bargains.
Wall Street’s rally goes up in smoke, indexes end lower
(Reuters) – A rally on Wall Street evaporated on Tuesday and stocks ended with deep losses as concerns about China’s economy outweighed lower valuations that some earlier saw as bargains.
U.S. dollar fails to get usual safety bid from volatility in short term
NEW YORK/LONDON (Reuters) – Most bouts of global market volatility in recent years have featured one constant: the U.S. dollar strengthens as investors clamor for the perceived safety of U.S. assets such as Treasuries.
Consumer confidence, housing data signal economy’s resilience
WASHINGTON (Reuters) – U.S. consumer confidence hit a seven-month high in August and new single-family home sales rebounded in July, suggesting underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this y…
CBO says U.S. revenue gains push down deficit, delay default
WASHINGTON (Reuters) – The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through…
China cuts rates, reserve ratio after stocks plummet again
SHANGHAI/BEIJING (Reuters) – China’s central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has se…
Volkswagen July vehicle sales down 3.7 percent on China, Russia
FRANKFURT (Reuters) – German carmaker Volkswagen’s group vehicle sales fell 3.7 percent in July and were down 1 percent over the January to July period, hurt by weak markets in China, Russia and Brazil.
Bridgewater’s Dalio: Next big Fed move will be to ease, not tighten
NEW YORK (Reuters) – Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, said the firm believes the next big move by the Federal Reserve will be to loosen U.S. monetary policy, not tighten it.
Top German court rejects Apple touchscreen patent appeal
FRANKFURT (Reuters) – Apple Inc patents covering the “slide to unlock” feature on smartphones are invalid, Germany’s highest appeals court ruled on Tuesday, reaffirming a 2013 decision rejecting the U.S. company’s claims by a lower court.
Europe blue-chip shares on the cheap? Think again
LONDON (Reuters) – Stock markets are rebounding after a bruising 48-hour sell-off. But with China still battling to revive its slowing economy, Europe’s “screaming buys” come with risks.
