Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Huawei legal chief Song Liuping told CNBC that the company is in the "early phase" of talks with Verizon over paying royalties.Technologyread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
U.S. President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable."World Economyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
* European shares fall, UBS results disappoint
* Wall Street lower after long holiday weekend
* IMF downgrades world growth forecasts again (Updates with close of U.S. markets, oil settlement prices)
NEW YORK, Jan 22 (Reuters) - A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look towards safe-haven assets such as the Japanese yen and government bonds.
Investors shunned risk assets like equities as the International Monetary Fund warned of a dimmer outlook on Monday, China confirmed its slowest growth rate in nearly 30 years, and as Brexit uncertainty continued to drag on sentiment.
On Wall Street, stocks took another step lower in the wake of a report from the Financial Times that the United States had turned down an offer of preparatory trade talks from China. Major indexes sold off and both the Dow and the S&P 500 fell below technical support levels at their 50-day moving averages.
Still, trading was volatile in the last hour of trade as White House economic adviser Larry Kudlow told CNBC the report was not true, causing a sharp move off the lows.
"There's so much in the background - trade, government shutdown, earnings season - you're going to have these big swings in the markets based on the latest data," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"(Investors) are getting more bearish and less optimistic about the outlook," Nolte added.
The Dow Jones Industrial Average fell 301.87 points, or 1.22 percent, to 24,404.48, the S&P 500 lost 37.81 points, or 1.42 percent, to 2,632.9 and the Nasdaq Composite dropped 136.87 points, or 1.91 percent, to 7,020.36.
The benchmark S&P index suffered its biggest daily percentage fall since Jan. 3.
European shares fell for a second straight session, with Swiss bank UBS sinking over 3 percent on disappointing earnings, spelling continued trouble for European banks which lost nearly 30 percent last year.
In its World Economic Outlook report, the IMF predicted the global economy would grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage point respectively from estimates in October.
The downgrade mainly reflected weakness in Europe, with Germany hurt by new car-emission rules, Italy under market pressure due to Rome's recent budget standoff with the European Union, and Britain's planned exit from the EU hanging over the bloc as well.
The pan-European STOXX 600 index lost 0.36 percent and MSCI's gauge of stocks across the globe shed 1.08 percent.
The Japanese yen strengthened 0.24 percent versus the greenback to 109.42 per dollar.
The dollar index, which rose to its highest since Jan. 4 helped by safe-haven demand, erased gains after data showed U.S. home sales tumbled to their lowest in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.
The index, tracking the greenback against six major currencies, was flat, paring losses after the Kudlow statement.
The slowdown concerns also pushed U.S. Treasury yields lower as investors shifted some cash back into the bond market. Benchmark 10-year notes last rose 10/32 in price to yield 2.7463 percent, from 2.782 percent late on Friday.
U.S. crude settled down 2.29 percent at $52.57 per barrel and Brent was last at $61.50, down 1.98 percent.
(Additional reporting by Shreyashi Sanyal, Sruthi Shankar, Saqib Iqbal Ahmed and Stephen Culp; Editing by Bernadette Baum and James Dalgleish)