Tuesday 13 November 2018

S&P, Dow lose ground as crude plunge punishes energy stocks

S&P, Dow lose ground as crude plunge punishes energy stocks

The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks.

Oil plummets on global demand concerns; U.S. stocks end lower

Oil prices plunged 7 percent on Tuesday on persistent concerns of oversupply and weakening global demand, causing Wall Street stocks to reverse early gains that were driven by the resumption of trade talks between the United States and China.

Former IDG Communications CEO Friedenberg named Reuters News president

Thomson Reuters Corp has appointed tech and media veteran Michael Friedenberg as president of Reuters news and media operations, Thomson Reuters said on Tuesday.

German officials sound China alarm as 5G auctions loom

Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from building the country's 5G infrastructure amid concerns this could compromise national security.

Juul Labs to pull sweet e-cig flavors to curb youth use

Juul Labs Inc, the U.S. market leader for electronic cigarettes, said on Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of its products.

CEO of Walmart's India venture resigns after sexual assault accusation: source

The chief executive of Flipkart Group, Walmart Inc's Indian e-commerce business, resigned following an internal probe into accusations of "serious personal misconduct," Walmart said Tuesday.

Amazon picks New York City, Washington D.C. area for $5 billion new headquarters

Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.

Home Depot signals U.S. housing demand slowing

Home Depot Inc , the biggest U.S. home improvement chain, suggested on Tuesday that the pace of U.S. home sales was slowing, and said impending trade tariffs could force it to raise prices on some products.

Oil slumps 7 percent to one-year low as rout extends to 12 days

Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.

Factbox: Amazon to get billions in breaks for HQ2 development

Amazon.com Inc said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City's Queens borough and a Northern Virginia suburb of Washington, DC.

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