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Retail Sales, Industrial Production Rise

8 hours ago DieselGasoil Comments Off on Retail Sales, Industrial Production Rise
A week and a half before Christmas Day we remain in the heart of holiday shopping season This points directly to the business of retailers and new 160 Retail Sales 160 numbers have come in this morning So while we re already mindful that these companies are looking toward their Read More

J&J shares nosedive on report it knew of asbestos in Baby Powder

13 hours ago DieselGasoil Comments Off on J&J shares nosedive on report it knew of asbestos in Baby Powder
(Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the Pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from 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

Wall St. tumbles on global economic worries; J&J drags S&P, Dow

14 hours ago DieselGasoil Comments Off on Wall St. tumbles on global economic worries; J&J drags S&P, Dow
NEW YORK (Reuters) – Wall Street’s three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson (JNJ.N) was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in 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

Global growth worry hits stocks, but U.S. data lifts dollar

15 hours ago DieselGasoil Comments Off on Global growth worry hits stocks, but U.S. data lifts dollar
NEW YORK (Reuters) – A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest pace Read More

J&J shares nosedive on report company knew of asbestos in baby powder

17 hours ago DieselGasoil Comments Off on J&J shares nosedive on report company knew of asbestos in baby powder
(Reuters) – Shares of Johnson & Johnson (JNJ.N) tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the Pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. FILE PHOTO: A Johnson & Johnson building is shown Read More

N.Y. Fed's U.S. fourth-quarter GDP growth holds near 2.4 percent

18 hours ago DieselGasoil Comments Off on N.Y. Fed's U.S. fourth-quarter GDP growth holds near 2.4 percent
NEW YORK (Reuters) – The U.S. economy is growing at a 2.42 percent pace in the fourth quarter as stronger-than-expected November data on industrial output offset the steepest drop in import prices in over three years last month, the New York Federal Reserve’s Nowcast model showed on Friday. This was little changed from the 2.44 Read More

U.S. consumer spending strengthening in boost to economy

18 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

Rising global growth fears pull down Wall Street

20 hours ago DieselGasoil Comments Off on Rising global growth fears pull down Wall Street
(Reuters) – U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Weak monthly retail sales Read More