European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Check out the companies making headlines midday Monday:
Caterpillar — Caterpillar shares fell more than 9 percent and posted their worst day since 2011. The drop came after the company reported weaker-than-expected earnings for the fourth quarter amid weak demand in China.
Nvidia — The chipmaker's stock fell 13.8 percent after the company slashed its fourth-quarter revenue forecast to $2.2 billion from $2.7 billion. Nvidia cited a deterioration in macroeconomic conditions, "particularly in China," for the cut.
Vale S.A. — Shares of the Brazilian mining company plummeted 18 percent as the death toll from a dam owned by the company grew to 60. The collapse led several analysts to downgrade the stock as penalties and fines begin to mount.
Guess — Guess fell 14.6 percent after announcing that CEO Victor Herrero would be leaving the company, effective Feb. 2. He will be replaced by Carlos Alberini, the head of jeans maker Lucky Brand.
Grubhub — Credit Suisse upgraded Grubhub to outperform from neutral and hiked its price target on the stock to $130 from $125 per share, implying a 60 percent upside. We have "increased comfort around return on invested capital on recent initiatives, which we believe are accretive, opportunistic, and conducted from a position of strength," Credit Suisse said. Grubhub rose 0.3 percent.
AK Steel — AK Steel fell 3.57 percent after Morgan Stanley downgraded the company's stock to equal weight from overweight. In a note to clients, they said: "Auto OEMs likely gained an upper hand in 2019 negotiations (in 4Q18) with US auto SAAR peaking, new auto steel sheet supply announcements, and aluminum continuing to gain share."
PG&E — The embattled California utility company rose 2 percent after Bloomberg News reported that a group of investors offered a plan for the company to avoid bankruptcy.