Friday 20 September 2019

Daily Investor Update: Walmart to stop sales of e-cigarettes in U.S. stores: company memo

Reuters.com Newsletter

Walmart to stop sales of e-cigarettes in U.S. stores: company memo

Walmart Inc told staff on Friday it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, amid a growing crackdown on surging teenage use of such products, reports of vaping-related lung disease and some deaths.

Fund managers gird for long trade war after FedEx slide

A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.

Oil slips on trade fears but soars in week after Saudi production attacked

Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia's energy industry last weekend.

Wall Street drops after China cancels visit to Montana farmland

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks.

Hopes for trade breakthrough fade as China cancels U.S. farm visits

A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska amid two days of ongoing talks in Washington.

China agriculture delegation scraps U.S. farm visit to Montana

Chinese agriculture officials who were due to visit U.S. farm states next week have canceled their trip to Montana as the officials will return to China sooner than originally scheduled, the Montana Farm Bureau told Reuters on Friday.

Fedspeak in three voices, from recession to bubbles to 'in a good place'

After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions over the state of the economy and what should be done about it on full display Friday with warnings of a slowdown and financial risks bookending talk of how well things are going.

U.S. repo rate falls after Fed repo operation

The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system.

Stocks hit as China cancels U.S. farm visits, yields slip

An index of global stock markets gave up early gains after Chinese agriculture officials who were to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks.

Commerzbank aims to cut jobs, branches after Deutsche merger fails

Commerzbank said on Friday it wanted to shed thousands of staff and close a fifth of its branches in a strategy overhaul, after the German lender's attempt to merge with Deutsche Bank failed.

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