U.S. stock index futures pointed to a lower open on Friday after a report said China will slap new tariffs on U.S. goods.US Marketsread more
China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.Marketsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
These are the stocks posting the largest moves before the bell.Market Insiderread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
Here are the biggest calls on Wall Street on FridayInvestingread more
Dow to fall on China tariff news; Fed chief Jerome Powell speaks; Fed presidents offer their views; bonds drop; and Larry Kudlow adds a tax twistMarketsread more
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.US Economyread more
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy.
Crude prices fell more than 2 percent on Monday after data showed weakening imports and exports in China, raising new worries about a global slowdown.
But on Tuesday, China's National Development and Reform Commission offered some support, signaling it might roll out more fiscal stimulus. This countered negative sentiment from Monday when crude prices fell more than 2 percent after data showed weakening imports and exports in China.
"Some of the fears about the economic slowdown in 2019 seem to have ebbed away," said Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut. "The market is latching on to news that suggests that the economy may be better than thought."
Output cuts from the OPEC and other producers, including Russia, also have begun to reduce fears of oversupply. The group known as OPEC+ agreed in late 2018 to cut supply starting this month, seeking to rein in a global glut.
The bloc and its allies set a meeting for March 17 to 18 to monitor implementation of their pact, sources told Reuters, and another on April 17 to 18 on whether to extend cuts beyond the agreed six months.
Further support has come from data showing the number of U.S. rigs drilling for new oil dipped slightly to 873 in early 2019, and a Reuters poll on Monday found that U.S. crude oil stockpiles were likely to have fallen last week.
The rig data could signal a slowing of the swift rise in output from the United States, which became the world's top oil producer in 2018.
But analysts said a price recovery may be short-lived, as a darkening economic outlook could dampen growth in fuel demand.
"Any price rally is unlikely to be sustainable in the first half of the year simply because the demand for OPEC's oil is expected to be lower than the projected output from the organization," PVM Oil Associates strategist Tamas Varga said.
Such positive signals and hopes for renewed U.S.-China talks to resolve trade tensions have boosted world stock markets and oil prices, but fears about global growth weigh heavily.
"It would seem that the market is having a rather hard time making up its mind as to which story to believe in," consultancy JBC Energy said.