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Wall Street News

Wall Street sinks as US bond market stokes recessionary fears

US Treasury yields took another dramatic drop and the premium on three-month bill rates above 10-year note yields was at its most elevated levels since March 2007.

Global economic outlook turns sour as trade war drags on

A group of several hundred economists and financial market professionals regularly polled by Reuters over the past few years has consistently and almost unanimously warned that trade conflict is the number one global economic risk.

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Things were going great for wall street. Then the trade war heated up

In early May, President Donald Trump threatened new tariffs on Chinese products, shattering the calm as markets began a tailspin that was capped with a 1.3% drop for the S&P 500 on Friday.

The tenth life

Grumpy Cat, who brought the world joy in a troubled decade, has gone to the hereafter. Her frown will be sorely missed

Wall Street bounces on robust job additions in April

All three major indexes were set to end the week lower, with the Nasdaq on course for its first weekly decline in five.

Asian shares firm after solid US data, tech sector hopes

The five-year yield dropped to 2.34 per cent, below the current Fed funds rate around 2.40 per cent, as fed funds futures price in about 50 per cent chances of a rate cut this year.

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Netflix eases Wall Street worries with record quarter

Netflix's shares, already up about 78 per cent so far this year, jumped 14 per cent to $394.25 in after-hours trading, helping up some other high-tech stocks.

China to ask Wall Street for ideas on improving US ties

Chinese government officials will aim to reassure the US financial firms that Beijing is genuinely receptive to their ideas.

US stocks drop on downbeat earnings, trade tensions

The trade fracas heated up as Turkish President Tayyip Erdogan doubled tariffs on some US imports, and China lodged a complaint with the World Trade Organization against American trade policies.

Wall Street rises on US-EU trade relations optimism

U.S. stocks added to gains in the last hour of trading after having slightly pared gains upon the release of minutes from the Federal Open Market Committee's June meeting.

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