Emerging market worries prompt selloff, but bulls remain
NEW YORK (Reuters) – The steep selloff that pushed down the benchmark Standard & Poor’s 500 index five percent over three days may say more about the outlook for emerging markets than U.S. companies in the fourth quarter, fund managers and analysts say.
China fears hand Wall St. its worst day since 2011
(Reuters) – Fears of a China-led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday and left the Dow industrials more than 10 percent below a May record.
Oil ends down more than 2 percent as U.S. drilling points to glut
NEW YORK (Reuters) – U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent lower on Friday on signs of U.S. oversupply and weak Chinese manufacturing and notching the longest weekly losing streak…
Expensive Shake Shack short bets may have paid off
SAN FRANCISCO (Reuters) – Investors short-selling Shake Shack Inc may have made money over the past week, even after paying exorbitant interest rates to borrow the stock.
Expensive Shake Shack short bets may have paid off
SAN FRANCISCO (Reuters) – Investors short-selling Shake Shack Inc may have made money over the past week, even after paying exorbitant interest rates to borrow the stock.
Tesla engineer joins Apple’s growing team of automated car experts
DETROIT/SAN FRANCISCO (Reuters) – Consumer electronics company Apple Inc has hired a senior engineer from electric car maker Tesla Motors Inc , according to a LinkedIn posting, as part of Apple’s effort to build a team of experts in automated driving.
Boeing on track to meet 737 MAX production targets: spokesman
(Reuters) – Boeing Co remains on track to meet production targets it has set for its 737 MAX jetliner, a company spokesman said on Friday following a report on industry concerns that slow output at supplier GKN PLC could cause delays.
Uber seen reaching $10.8 billion in bookings in 2015: fundraising presentation
BEIJING (Reuters) – Uber Technologies Inc’s [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters.
U.S. agency opens probe into 2008 Honda Accord air bag controller
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into air bags on Honda Motor Co’s 2008 Accord sedans after 19 complaints of air bags failing to deploy including in a front crash that resulted in an injury, federal officials said…
Disappointing business surveys intensify world growth fears
LONDON (Reuters) – Signs China’s economic slowdown is deepening and weak growth in Europe and the U.S. reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling.
