Continuing the recent wild ride by the markets, stocks have moved sharply lower in early trading on Tuesday. The major averages have dropped firmly into negative territory, further offsetting the recovery rally that was seen last week.
Reflecting a jump in spending on private construction, the Commerce Department released a report on Tuesday showing that total U.S. construction spending reached its highest level in seven years in the month of July.
Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector falling to its lowest level in over two years.
Discount retailer Dollar Tree, Inc. on Tuesday reported a loss for the second quarter, reflecting costs related to the acquisition of Family Dollar Stores Inc. and on lower margins that more than offset higher revenues. However, revenues for the quarter missed analysts' expectations and the company forecast revenues for the third quarter as well as fiscal 2015 also below their estimates.
Eurozone unemployment rate unexpectedly dropped in July to its lowest level in three-and-a-half years, adding to hopes that consumer spending would support growth amid low inflation. The unemployment rate fell to 10.9 percent in July, after holding steady at 11.1 percent in the previous two months, data from Eurostat revealed Tuesday. The figure was expected to remain at the 11.1 percent level f
Stocks are likely to come under pressure in early trading on Tuesday, extending the pullback seen in the previous session. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 416 points.
Global economic growth is set to moderate and will likely be weaker-than-expected earlier due to sluggish recovery in advanced economies and a further slowdown in emerging economies, International Monetary Fund Managing Director Christine Lagarde said Tuesday.
Eleven countries and the European Union have reaffirmed their commitment to take urgent action to slow the pace of warming in the Arctic, focusing on actions that impact the global atmosphere as well as the Arctic itself. The commitment was made by the United States, France, Germany, Italy, Japan, South Korea, Netherlands, Poland, Singapore, Spain, United Kingdom, and European Union at the GLACI
Trading in the U.S. index futures suggests that Wall Street stocks may open Tuesday's session notably lower, joining the global market rout. The reason is not any different, as China threw up additional evidence of a wobbly economy. Two separate surveys showed that China's factory activity contracted,...
British manufacturing expansion slowed in August, defying expectations for a modest improvement, survey figures from the Chartered Institute of Procurement & Supply and Markit Economics showed Tuesday. The purchasing managers' index fell to 51.5 from 51.9 in July. Economists had expected a score of 52. A PMI reading above 50 suggests expanding activity.
Bonduelle USA Inc. of Brockport, New York is recalling 9,335 cases of frozen corn because of possible contamination with the deadly bacterium Listeria monocytogenes. The problem came to light when the product was tested at retail by the State of Tennessee.
Here is a quick summary of the earnings reported after the bell on August 31.
Adept Technology, Inc. (ADEP)
GAAP net loss attributable to common shareholders was $1.4 million, or $0.10 per share, compared with net loss of $0.4 million, or $0.03 per share a year ago.
Revenues for the fourth...
The European markets are set to open lower on Tuesday as another batch of disappointing Chinese economic figures rekindled worries over global growth.
An official gauge of Chinese manufacturing activity slumped to a three-year low in August and Caixin's final August PMI number indicated that activity...
TiGenix NV's (TGXSF.OB) lead compound Cx601 has met the primary endpoint in a phase III trial in Crohn's disease patients with complex perianal fistulas. Based on the positive phase III results, the company plans to submit a Marketing Authorisation Application to EMA early 2016.
Stocks moved mostly lower over the course of the trading day on Monday, giving back some ground following the recovery seen last week. The markets rebounded after moving lower in early trading but moved back to the downside as the day progressed.