Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Walmart International CEO Judith McKenna told Asda staff at its mid-year meeting Tuesday in Leeds, northern England, that the world's largest retailer did "not have a one size fits all approach to operating its international markets."
However, she added: "While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO – a public listing – to strengthen your long-term success."
In the first discussions of Asda's future since the U.K. Competition and Markets Authority torpedoed the proposed merger with Sainsbury's in April, McKenna suggested that preparations for the IPO would "take years."
Asda CEO Roger Burnley told staff to "forget the language of Plan A and Plan B," adding that Asda's one clear strategy "requires momentum in the short term, growth in the medium-term and sustainability in the long term."
Pointing to Asda's seven successive quarters of growth in a difficult trading environment, Burnley told the meeting that the supermarket's strategy was working, but acknowledged market trends are changing faster-than-expected.
Burnley also confirmed Asda would "accelerate our price position," briefing staff on plans to invest £80 million ($103.3 million) in the price throughout the rest of 2019.
Walmart stock closed Tuesday's session up 0.4% at $100.29 a share, and has risen 7.67% in the year to date.