Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade continue to weigh on market sentiment.
A key part of the U.S. yield curve, a closely-followed recession indicator, inverted further on Wednesday while 30-year Treasury yields fell to a few record low on growing concern about the fallout from a bitter global trade conflict.
Costco Wholesale Corp said it will limit the number of shoppers at its new China store after overcrowding forced the U.S. big box retailer to shut it early on the opening day.
Alphabet Inc's Google is shifting its Pixel smartphone production to Vietnam from China starting this year as it builds a cheap supply chain in Southeast Asia, the Nikkei business daily reported on Wednesday.
World stocks nudged down on Wednesday as deepening inversion of the U.S. bond yield curve a day earlier threw up reminders of looming recession risks, sending investors toward safe havens such as the Japanese yen and precious metals.
Tiffany & Co reported a bigger-than-expected fall in quarterly same-store sales on Wednesday, hurt by lower tourist spending, a key source of revenue for luxury retailers.
Facebook Inc is tightening its political ad rules in the United States, it said on Wednesday, requiring new disclosures for its site and photo-sharing platform Instagram ahead of the U.S. presidential election in November 2020.
Tiffany & Co beat quarterly profit estimates on Wednesday, as the luxury retailer cut marketing spending, sending its shares up nearly 3% before the bell.
A global shortage of pilots and mechanics is preventing some Canadian aviation service companies from meeting the needs of airlines and other customers scrambling to secure replacements for grounded Boeing 737 MAX jets.
World stocks slipped on Wednesday as a deepening inversion of the U.S. bond yield curve a day earlier reignited worries over the possibility of recession, sending investors towards perceived safe-haven assets from the Japanese yen to gold.
United Airlines said on Wednesday it is beginning the process of moving its 14 Boeing 737 MAX jets to short-term storage at Phoenix Goodyear Airport in Arizona, where weather conditions are more favorable to store aircraft.
Here are the biggest calls on Wall Street on Wednesday
Financial education is not a conservative or liberal issue. While bipartisanship in today's political environment seems to be in short supply, financial literacy should strive to be one of the few areas of agreement within the political spectrum.
U.S. stock index futures fell on Wednesday after moves in the U.S. bond market returned investors to worrying about the risk of recession as a bruising U.S.-China trade war drags on.
A retreat into cash is not the answer, despite global economic uncertainty, UBS said Wednesday.