Thursday 6 September 2018

S&P 500, Nasdaq end lower; tech stocks decline

Reuters.com Newsletter

S&P 500, Nasdaq end lower; tech stocks decline

The S&P 500 and Nasdaq declined on Thursday as the possibility of more U.S. tariffs on Chinese imports loomed and as tech stocks stumbled on warnings from chipmakers and concerns about increased regulation of social media companies.

Ford recalls two million trucks over seat belt fire risk

Ford Motor Co said on Thursday it would recall 2 million F-150 pickup trucks in North America because of a seat belt problem that could generate excessive sparks and cause fires.

Smith & Wesson parent company defends directors, contributions to NRA

The parent company of gunmaker Smith & Wesson on Thursday defended its directors and its contribution disclosures ahead of a proxy vote that will test how far leading fund firms will press their concerns about firearms safety.

U.S.-Canada trade talks restart, tackle 'final' issues

U.S. and Canadian negotiators started a second day of talks aimed at rescuing the North American Free Trade Agreement on Thursday as the deadline for a deal this week, set out by President Donald Trump, inched ever closer.

Canada's Freeland cites NAFTA progress, but slams U.S. metals tariffs

Talks between the United States and Canada on the North American Free Trade Agreement have taken place in a good atmosphere, Canadian Foreign Minister Chrystia Freeland said on Thursday, the second straight day of talks this week to save the pact.

Trade war uncertainty drags on markets, world stock index down for fifth day

MSCI's global stock index fell for a fifth straight day on Thursday and emerging market stocks were in their sixth day of declines as investors braced for an escalation in the trade war between the United States and China.

Facebook removes Burmese translation feature after Reuters report

Facebook has removed a feature that allowed users to translate Burmese posts and comments after a Reuters report showed the tool was producing bizarre results.

Nissan redraws India strategy, to focus on premium cars

Nissan Motor Co will produce and sell only premium vehicles in India, while using its sister brand Datsun to crack the mass budget car market, in a revamp of its strategy in the country, a company executive said on Thursday.

Lawsuit says Tesla, Elon Musk sought to 'burn' short-sellers

The prominent short-seller Andrew Left has sued Tesla Inc and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to "burn" investors hoping the electric car company's stock price would fall.

Tesla bond hits record low, stock slips as investor worry deepens

Tesla's stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.

Burberry ends bonfire of the luxuries after waste outcry

Britain's Burberry will no longer burn unsold luxury goods to protect its brand after an admission that it destroyed almost $40 million worth of stock last year sparked a furor over waste in the fashion industry.

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