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Small-cap S&P 600 index confirms bear market

13 hours ago DieselGasoil Comments Off on Small-cap S&P 600 index confirms bear market
NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December Read More

Wall St. tumbles on global growth worries, J&J decline

13 hours ago DieselGasoil Comments Off on Wall St. tumbles on global growth worries, J&J decline
(Reuters) – Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The S&P Read More

Global growth worries, J&J's tumble drag Wall St. lower

15 hours ago DieselGasoil Comments Off on Global growth worries, J&J's tumble drag Wall St. lower
(Reuters) – U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder. Investors worried about global growth after China reported weak monthly retail sales growth and Read More

U.S. consumer spending strengthening in boost to economy

19 hours ago DieselGasoil Comments Off on U.S. consumer spending strengthening in boost to economy
WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken. FILE PHOTO: Durable goods are seen on sale in a store in Los Read More

Latest viral prank sweeping China has jewelers clutching their pearls (VIDEOS)

20 hours ago DieselGasoil Comments Off on Latest viral prank sweeping China has jewelers clutching their pearls (VIDEOS)
Chinese social media has been flooded with videos of people trying on expensive jewelry and then pretending to run out of the store, while filming the, often over-the-top (literally), reactions of the unsuspecting jewelers. Panicked staff members are caught unawares and typically vault the shop counter and sprint after the ‘robbers’ who quickly stop and Read More

Weak economic data send world stocks tumbling

23 hours ago DieselGasoil Comments Off on Weak economic data send world stocks tumbling
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

World stocks tumble on weak economic data from China and Europe

1 day ago DieselGasoil Comments Off on World stocks tumble on weak economic data from China and Europe
LONDON (Reuters) – Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Read More

Asian shares jolted by grim Chinese data, growth risks

1 day ago DieselGasoil Comments Off on Asian shares jolted by grim Chinese data, growth risks
TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Read More

Japan's business mood, capex steady but outlook sours: BOJ tankan

1 day ago DieselGasoil Comments Off on Japan's business mood, capex steady but outlook sours: BOJ tankan
TOKYO (Reuters) – Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren’t significantly worried about escalating trade frictions and global growth concerns. FILE PHOTO – A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, March 8, Read More

U.S. labor market tightening; inflation pressures muted

2 days ago DieselGasoil Comments Off on U.S. labor market tightening; inflation pressures muted
WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits tumbled to near a 49-year low last week, which could ease concerns about a slowdown in the labor market and economy. A container ship is shown at port in Long Beach, California, U.S. July 16, 2018. REUTERS/Mike Blake Other data on Thursday showed Read More