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World stocks slip as growth fears linger; euro slides

14 mins ago DieselGasoil Comments Off on World stocks slip as growth fears linger; euro slides
NEW YORK (Reuters) – The dollar rose on Thursday, hitting the highest in almost two years against the euro on an upbeat U.S. capital goods report, while a gauge of world equity markets slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth. FILE PHOTO: Read More

Nasdaq hits record high at open on strong tech earnings; 3M weighs on Dow

2 hours ago DieselGasoil Comments Off on Nasdaq hits record high at open on strong tech earnings; 3M weighs on Dow
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid (Reuters) – The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Read More

Dow futures hit by 3M results; upbeat tech results support Nasdaq

4 hours ago DieselGasoil Comments Off on Dow futures hit by 3M results; upbeat tech results support Nasdaq
(Reuters) – Dow and S&P futures were pressured by a steep fall in industrial company 3M’s shares on Thursday, while upbeat results from high-flying companies Facebook and Microsoft supported Nasdaq futures. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Investors Read More

Ford Motor puts $500 million into electric pickup producer Rivian

10 hours ago DieselGasoil Comments Off on Ford Motor puts $500 million into electric pickup producer Rivian
(Reuters) – Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc (TSLA.O). FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric Read More

Britain must commit to carbon capture to meet climate goals: lawmakers

16 hours ago DieselGasoil Comments Off on Britain must commit to carbon capture to meet climate goals: lawmakers
LONDON (Reuters) – Britain must commit to projects to capture, store and use carbon dioxide emissions to meet its climate targets, a report from a cross-party group of lawmakers said on Thursday. FILE PHOTO – A man walks through Greenwich Park as a haze of pollution sits over the London skyline April 3, 2014. REUTERS/Luke Read More

S&P 500 hovers below record highs on mixed earnings

22 hours ago DieselGasoil Comments Off on S&P 500 hovers below record highs on mixed earnings
(Reuters) – U.S. stocks hovered below their all-time highs on Wednesday, as investors digested a mixed batch of earnings reports and losses in energy stocks limited gains on the indexes. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid The S&P 500 is Read More

Euro falls on weak German business morale, stocks slip

23 hours ago DieselGasoil Comments Off on Euro falls on weak German business morale, stocks slip
NEW YORK (Reuters) – The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets. FILE PHOTO: The German Central Bank (Bundesbank) presents the new 50 euro banknote at its headquarters Read More

Nasdaq hits record, S&P nears all-time high on upbeat earnings

23 hours ago DieselGasoil Comments Off on Nasdaq hits record, S&P nears all-time high on upbeat earnings
(Reuters) – The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season. FILE PHOTO: A trader speaks to a floor official on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX

1 day ago DieselGasoil Comments Off on Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAX
(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes Read More

Caterpillar slips as higher costs dent margins at construction business

1 day ago DieselGasoil Comments Off on Caterpillar slips as higher costs dent margins at construction business
(Reuters) – Caterpillar Inc spooked investors for a second straight quarter as rising costs hit margins in its construction equipment business and tepid sales in the Asia Pacific region pointed to continuing subdued growth in China. FILE PHOTO: A row of excavators are seen at the Caterpillar booth at the CONEXPO-CON/AGG convention at the Las Read More