Friday 9 November 2018

Oil slide, China worries send Wall Street tumbling

Reuters.com Newsletter

Oil slide, China worries send Wall Street tumbling

Wall Street's three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported.

Amazon strikes deal with Apple to sell iPhones, iPads

Amazon.com Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales.

Oil falls 1 percent, U.S. crude on longest losing streak since 1984

Oil prices fell nearly 1 percent on Friday as global supply increased and investors worried demand growth could slow, pressuring U.S. crude to its longest stretch of daily declines since 1984.

Campbell Soup offers to add two Third Point nominees to board

Campbell Soup Co , which is in the midst of a proxy battle with Third Point LLC, said on Friday it had offered to add two of the hedge fund's nominees to its board after the investment firm lowered the number of nominees to five from 12.

Slump in oil prices and China data weighs on stocks

Stocks around the globe suffered their biggest drop in two weeks on Friday as weak Chinese economic data sapped demand for equities while oil prices weakened again on Friday.

U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau

A U.S. judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing praise on Friday from environmental groups and a rebuke from President Donald Trump.

Investors focus on retailers as wages rise

U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year's expected drop in profit growth may be sharper than feared.

White House adviser Navarro to Wall Street: Stay out of U.S.-China trade talks

White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them "unregistered foreign agents" who were trying to pressure President Donald Trump into a deal.

Microsoft made $1.3 billion in cash payments in GitHub deal

Microsoft Corp said in a filing late Thursday it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub.

Take Five: Trump to Italy, world markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

What is at stake in the Keystone XL pipeline ruling?

A U.S. federal judge in Montana halted construction of TransCanada Corp's Keystone XL oil pipeline on Thursday, saying a U.S. environmental analysis "fell short of a 'hard look'" at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources.

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