New US tariffs on Chinese goods will be ‘catastrophic’ for global stocks: China media

A Chinese state-run newspaper claimed in an editorial published late Tuesday that the U.S. faces greater pressure to resolve its ongoing trade war with China because failed negotiations would likely have major consequences for stocks worldwide. On Tuesday, the S&P 500 rose after U.S. President Donald Trump again indicated the world’s two largest economies might … Read more

Dow futures point to slightly lower open amid US-China trade talks; Fed minutes due

U.S. stock index futures were slightly lower early Wednesday, with market participants monitoring the latest round of trade talks between the world’s two largest economies. At around 6 a.m. ET, Dow Jones Industrial Average futures indicated a negative open of less than 25 points. Futures on the S&P 500 and Nasdaq Composite were both little … Read more

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Walmart shares surge as holiday sales crush estimates, boosted by e-commerce growth

Walmart reported on Tuesday earnings and revenue for the holiday quarter that topped analysts’ expectations, as its e-commerce sales surged 43 percent thanks to more shoppers using its online grocery delivery service and spending more per trip. CEO Doug McMillon said “a favorable economic environment” has been helping Walmart grow sales and take market share … Read more