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Economy News

Tue, Dec 18th, 2018
Stocks waver as plunging oil prices pull energy stocks lower

NEW YORK (AP) — After two days of huge losses, U.S. stocks ended the day back where they started on Tuesday. Energy companies sank as crude oil plunged 7 percent, but technology and consumer-focused...

BA : 328.06 (+3.77%)
XOM : 72.00 (-2.76%)
JNJ : 130.42 (+0.99%)
ALL : 81.51 (+1.68%)
Tilray stock jumps on collaboration agreement with Sandoz

Shares of Tilray are surging in Tuesday afternoon trading after the medical cannabis company announced that one of its subsidiaries struck a collaboration agreement with pharmaceutical company Sandoz AG....

TLRY : 76.50 (+16.10%)
NVS : 85.39 (-0.43%)
US home construction rose last month, led by apartments

WASHINGTON (AP) — U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell.

US home construction rose last month, lifted by apartments, as single-family home building falls

WASHINGTON (AP) — US home construction rose last month, lifted by apartments, as single-family home building falls.

World stock markets stabilize as focus turns to Fed

SINGAPORE (AP) — World stocks stabilized Tuesday, with Wall Street expected to edge up after heavy losses the day before, as traders prepare for a likely interest rate hike by the Federal Reserve.

Asian shares slip as traders ready for Fed rate hike

SINGAPORE (AP) — Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve.

UNH : 252.97 (-1.98%)
Amazon workers on strike in Germany a week before Christmas

BERLIN (AP) — Workers at two Amazon distribution centers in Germany have gone on strike as part of a push for improved work conditions, leading to fears that Christmas orders may not arrive in time.

Silicon Valley East: Google plans $1B expansion in New York

Silicon Valley is becoming Silicon Nation.

Report: China is driving use of armed drones in Middle East

BEIRUT (AP) — The use of armed drones in the Middle East, driven largely by sales from China, has grown significantly in the past few years with an increasing number of countries and other parties using...

World stocks mixed ahead of Brexit address; Fed in focus

SINGAPORE (AP) — World markets were mixed on Monday as British Prime Minister Theresa May prepares to address the House of Commons over a messy exit deal. Most Asian indexes rose on hopes that the Federal...

Asian shares edge higher with Fed meeting in focus

SINGAPORE (AP) — Asian markets rose Monday on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth.

Executive's arrest, security worries stymie Huawei's reach

BEIJING (AP) — While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant's ambition to be a leader in next-generation telecoms is colliding with security worries...

AAPL : 166.07 (+1.30%)
BOUYY : 8.5500 (-3.19%)
Scandal-plagued CBS grants $20M to 18 women's rights groups

NEW YORK (AP) — CBS on Friday pledged to give $20 million to 18 organizations dedicated to eliminating sexual harassment in the workplace as the network tries to recover from a scandal that led to the...

CBS : 46.20 (-1.32%)
China suspends tariff hikes on US cars, auto parts

BEIJING (AP) — China announced a 90-day suspension on Friday of tariff hikes on U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic...

GM says it has 2,700 jobs for workers slated to be laid off

DETROIT (AP) — General Motors' plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected.

GM : 34.90 (+0.69%)
Detentions raise fears, cast doubt on China's policies

WASHINGTON (AP) — By detaining two Canadians in an apparent act of retaliation, China is looking like the country its harshest critics say it is: one unbound by the laws, rules and procedures that govern...

Apple upstages Amazon in selecting new tech hub locations

AUSTIN, Texas (AP) — One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions — and offer huge sums of public...

AAPL : 166.07 (+1.30%)
World markets fall on Chinese growth concerns

SINGAPORE (AP) — World stock markets slipped Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy.

China announces suspension of 25 percent penalty tariff on US-made autos following trade cease-fire with Washington

BEIJING (AP) — China announces suspension of 25 percent penalty tariff on US-made autos following trade cease-fire with Washington.

Canada caught between 2 powers, feeling alone in the world

TORONTO (AP) — First U.S. President Donald Trump attacked Canada on trade. Then Saudi Arabia punished it for speaking up for human rights. Now China has the country in its cross-hairs, detaining two...

Barchart Morning Call

Overnight Markets and NewsMar E-mini S&Ps (ESH19 +0.39%) this morning are up +0.39% as stock prices stabilize following Monday's plunge to a 14-1/2 month low. European stocks are up +0.02% as they gave up most of their gains after German Dec I... Read More

Chart of the Day

Anglogold Ashanti Ltd (AU)

The Barchart Chart of the Day belongs to the gold mining company AngloGold Ashanti (AU). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then I used the flipchart f...
Read More

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