Business

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the “economy is poised to weaken.” Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May …

NEW YORK (Reuters) – Global stocks tumbled on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism sharply waned that the United States and China would quickly resolve their trade dispute. Benchmark Treasury 10-year yield fell to its lowest point since mid-September. The spread between the 10-year …

(Reuters) – Wall Street fell more than 2 percent on Tuesday, led by bank stocks as a flattening U.S. Treasury yield curve set off warning lights about slowing growth and on fading hopes of a speedy resolution to the U.S.-China trade spat. Traders work on the floor of the New …

WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences. FILE PHOTO: U.S. President Donald Trump, U.S. Secretary of State Mike …

TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO) said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs. FILE PHOTO: The Thomson Reuters logo is seen on the company …

London (Reuters) – Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off three-week highs on Tuesday, while growing fears the U.S economy could be headed for recession sooner than expected weighed on the dollar. The rapprochement between U.S. President Donald Trump and China’s Xi …

FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/File Photo BRUSSELS (Reuters) – Visa (V.N) and Mastercard (MA.N) have offered to cut merchants’ charges for non-EU credit and debit cards by at least 40 percent to end an EU …

SHANGHAI (Reuters) – Asian shares fell on Tuesday as relief over a pause in escalation of the trade war between the U.S. and China gave way to doubt over the two countries’ ability to resolve differences. A man sits in front of an electronic board showing stock information at a …

PARIS/JAKARTA (Reuters) – Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out canceling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October. FILE PHOTO – A Boeing 737 MAX 8 sits outside …

FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. Picture taken October 1, 2018. REUTERS/Regis Duvignau TOKYO (Reuters) – Tokyo prosecutors plan to arrest …