Wall Street ends down after biggest month since 2020

U.S. manufacturing sector slows modestly PerkinElmer rises on $2.45 billion divestment Indexes end: S&P 500 -0.28%, Nasdaq -0.18%, Dow -0.14% Aug 1 (Reuters) – Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil (XOM.N) and other energy companies weighing against gains in Boeing (BA.N) as investors digested the U.S. … Read more

U.S. manufacturing slows modestly; excess inventories a major concern

Manufacturing index dips to 52.8 in July from 53.0 in June New orders contracting, supplier deliveries improving Price increases for inputs slowing; inventories piling up WASHINGTON, Aug 1 (Reuters) – U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for … Read more

Shenzhen accelerates China’s driverless car dreams

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, … Read more

Moderate rebound in U.S. economic growth seen in second quarter as inflation bites

Shipping containers are unloaded from a ship at a container terminal at the Port of Long Beach-Port of Los Angeles complex, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson/File Photo Register now for FREE unlimited access to Reuters.com Register Second-quarter GDP estimated to increase at a 0.5% rate Trade seen accounting for rebound … Read more

Fed to unveil another big rate hike as signs of economic slowdown grow

U.S. Federal Reserve Chair Jerome Powell takes questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – With the Federal Reserve expected to hike its key … Read more

Nasdaq falls with dollar, oil rises; earnings, Fed in focus

U.S. stocks chop around with Nasdaq closing lower Euro zone survey shows German morale dropping Fed in focus with two-day policy meeting on Tuesday NEW YORK, July 25 (Reuters) – Nasdaq (.IXIC) closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices … Read more

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Snap Inc shares plunge on slowing growth Communication services stocks lead sectoral declines AmEx raises revenue forecast on resilient card spending Indexes down: Dow … Read more

U.S. existing home sales slide again; prices hit fresh record high

NEW YORK, July 20 (Reuters) – U.S. existing home sales fell for a fifth straight month in June to the lowest level in two years, as fast-rising interest rates and record-high selling prices make buying a home too expensive for a growing share of American households. Mortgage interest rates have soared as a result of … Read more

Stocks make recovery bid, hemmed in by weakening world economy

Chinese economy slowed sharply in Q2 U.S. yields, dollar pull back after Fed officials’ comments European markets firmer, with eyes on Italy political crisis LONDON, July 15 (Reuters) – World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were … Read more

China vows timely home deliveries in wake of property protests

HONG KONG, July 14 (Reuters) – Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers’ threats have deepened investor concerns about the property sector, which … Read more