Bankrupt Lordstown Motors reaches $40 million settlement with Karma Automotive
(Reuters) – Lordstown Motors said on Tuesday it had reached a $40-million settlement with Karma Automotive over a 2020 lawsuit…
Wall St falls on rate concerns fueled by retail sales data, big banks drop
(Reuters) – Wall Street’s main indexes fell on Tuesday after stronger-than-expected retail sales data stoked worries interest rates could stay…
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.70%
Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Real Estate Development, Telecoms & IT…
Hindenburg Research releases Freedom Holding short report after finding ‘startling array of red flags’
Freedom Holding Corp (NASDAQ:FRHC) tumbled more than 5% in early Tuesday trading after Hindenburg Research put out a short report…
Canadian inflation jumps in July, raising prospect of another rate hike
(Reuters) – Canada’s annual inflation rate surged more than expected to 3.3% in July as core measures eyed by the…
Crude oil retreats after weak China data; U.S. retail sales rise
Crude oil prices fell Tuesday as disappointing economic data raised further concerns about China’s economic recovery, even following Beijing’s unexpected…
U.S. stocks are falling after stronger-than-expected retail sales
U.S. stocks were falling on Tuesday as disappointing data out of China and stronger-than-expected retail sales data in the U.S.…
US retail sales increase more than expected in July
(Reuters) – U.S. retail sales increased more than expected in July as Americans boosted online purchases and dined out more,…
Analysis-China trust deficit: crisis spurs shadow banking policy response calls
(Reuters) – Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer…
J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat…