A sick market is set to be tested further
The market has yet to prove that it has priced in concerns ranging form the China slowdown, emerging-market spillover and Federal Reserve coin toss decision on rates.
MONEY (MSM)
IMF head: Global growth likely to be weaker than expected
Global economic growth is likely to be weaker than earlier expected and will remain at moderate levels, the head of the International Monetary Fund said Tuesday. IMF Managing Director Christine Lagarde …
August U.S. auto sales stronger than expected on trucks
The U.S. auto industry powered ahead in August, shrugging off gyrating stock markets to stay on pace for the best annual sales since 2001. Early returns on Tuesday indicated sales of about 17.5 million vehicles on an annualized basis, easily besting the forecast of 17.3 million vehicles, according to a Thomson Reuters poll of 47 economists. Roller-coaster stock markets appeared to have no major impact on auto purchases, which are
US construction spending reaches highest level in 7 years
U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday …
Hilton dips toe in 'sharing economy' with Uber partnership
Hilton is hailing the ride sharing service Uber to help guests reach its hotels and then explore the city where they are staying. The companies said Tuesday that Hilton guests will be able to set up automatic …
Clinton, aides stressed protecting State Dept info in email
Hillary Rodham Clinton and her aides at the State Department were acutely aware of the need to protect sensitive information when discussing international affairs over email and other forms of unsecure …
Christie says he could ‘go nuclear' in next republican debate
New Jersey Governor Chris Christie told late-night television host Jimmy Fallon he won’t keep quiet if he’s passed over for questions during the next Republican Party presidential debate later this month. Making his third appearance on NBC’s “The Tonight Show Starring Jimmy Fallon,” Christie said he counted one stretch during the first debate Aug. 6 in which he went 20 straight questions without being called on. “I’m up there standing
Wal-Mart cuts hours amidst wage pressures
Several weeks of belt tightening at Wal-Mart included asking workers to leave shifts early or take two-hour lunches.
Americas will take brunt of any oil output cuts when Iran returns
The Americas will take the brunt of any cuts in oil production as Iran increases output once international sanctions are lifted, according to a report by A.T. Kearney Inc.’s oil and gas consulting practice in Dubai.
Low oil price puts pressure on US banks
The low crude price is putting US banks under pressure from regulators to move quickly in classifying oil and gas loans as troubled assets when borrowers slide into difficulty, says a top financier.