Wednesday, 14 August 2019

Dow posts biggest one-day drop since October as recession fears take hold

Dow posts biggest one-day drop since October as recession fears take hold

Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.

Microsoft's latest privacy policy says vendors listen to voice data

Microsoft Corp said on Wednesday it updated its privacy policy to let customers know that it had been collecting voice data of its users with the help of employees and contractors.

Ackman's Pershing Square makes new investment in Berkshire Hathaway

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.

Buffett's Berkshire increases bet on Amazon.com

Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, as U.S. stock indexes traded near record highs.

WeWork to test IPO investor appetite with widening losses

WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month.

WeWork and the new brand of office-space providers

WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses as it prepares for an initial public offering as early as next month.

U.S. yield curve inversion highlights recession fears, Fed dilemma

When the U.S. Federal Reserve cut interest rates last month for the first time in more than a decade, it signaled that further reductions in borrowing costs might not be needed. Bond markets vehemently disagree.

Markets register a shock, but is Trump right to blame the Fed?

It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a U.S. recession.

U.S. curve inverts for first time in 12 years; 30-year yield tumbles

The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world's biggest economy could be heading for recession.

Fidelity Investments wins court battle with IRS over coal tax credits

Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.

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