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Wall Street rallies on stimulus cheer, trade optimism

13 hours ago DieselGasoil Comments Off on Wall Street rallies on stimulus cheer, trade optimism
(Reuters) – U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 12, Read More

Wall Street higher on strong retail sales data

4 days ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More

China vows immediate retaliation if US proceeds with new tariffs

5 days ago DieselGasoil Comments Off on China vows immediate retaliation if US proceeds with new tariffs
Beijing has refused to sit idle if Washington hits $300 billion worth of Chinese imports with additional 10 percent levies, calling the decision a violation of agreements reached by presidents Donald Trump and Xi Jinping. “The Chinese side will have to implement necessary counter-measures,” the State Council Tariff Committee said in a short statement on Read More

US stocks crash after bond market flashes strong recession warning

6 days ago DieselGasoil Comments Off on US stocks crash after bond market flashes strong recession warning
US markets opened in the red on Wednesday, with the Dow Jones Industrial Average losing more than 400 points, after the US bond market sparked new fears about a looming recession. After Tuesday’s gains on the decision to postpone tariffs on Chinese imports, US stocks saw another huge selloff. The Dow was down around 1.5 Read More

Time is almost up for US shale industry

1 week ago DieselGasoil Comments Off on Time is almost up for US shale industry
A top US shale executive said that it may only be the Midland basin in the Permian that can grow production beyond 2025. Aside from Midland, every other shale basin may be on borrowed time, with the best acreage already picked over and oil prices languishing below $60 per barrel. It’s been a brutal two Read More

Walmart tells staff to pull violent video game signage from stores

1 week ago DieselGasoil Comments Off on Walmart tells staff to pull violent video game signage from stores
(Reuters) – Walmart Inc said on Friday it has asked employees at its stores in the United States to take down signs and playable demos of violent video games but made no changes to its policy on selling firearms. FILE PHOTO: A police officer stands next to a police cordon after a mass shooting at Read More

Wall Street drops as Trump comments fan trade worries

1 week ago DieselGasoil Comments Off on Wall Street drops as Trump comments fan trade worries
(Reuters) – Wall Street’s main indexes slipped on Friday after President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, exacerbating fears that the stand-off would aggravate the global economic slowdown. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Oil rises as investors weigh Saudi action against demand concern

2 weeks ago DieselGasoil Comments Off on Oil rises as investors weigh Saudi action against demand concern
By Kiran Dhillon on 8/9/2019 HOUSTON (Bloomberg) – Oil surged to start the U.S. session as investors weighed the latest steps from Saudi Arabia following a selloff earlier in the week. WTI rose as much as 4.1% in New York, but is still on track to lose about 2% this week. The deepening spat between Read More

Wall Street extends fall as Trump’s comment amplifies trade fears

2 weeks ago DieselGasoil Comments Off on Wall Street extends fall as Trump’s comment amplifies trade fears
(Reuters) – Wall Street’s main indexes added to losses on Friday after President Donald Trump said he was not going to make a deal with China for now, exacerbating fears that the U.S.-China trade stand-off would aggravate the global economic slowdown. Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Gains for Asian shares capped by fresh trade jitters, China stocks fall

2 weeks ago DieselGasoil Comments Off on Gains for Asian shares capped by fresh trade jitters, China stocks fall
TOKYO (Reuters) – Asian shares inched up on Friday, helped by Wall Street’s rally, but fresh concerns about Sino-U.S. trade ties capped gains in the region. FILE PHOTO: Passers-by walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato Weighing on risk appetite was a Read More