Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
The service will debut in April with pricing to be announced closer to the launch data, NBCUniversal says.Technologyread more
A sharp drop in mortgage rates in August was clearly behind the confidence in September. The survey came with warning signs, however. Mortgage rates shot back up at the start...Real Estateread more
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production.Economyread more
The risk of a global recession is at its highest since August 2009, according to a survey of fund managers.Marketsread more
Chipotle rewards members will get the first chance to order carne asada.Restaurantsread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
The 10-year Treasury yield fell back under 2% on Tuesday as concerns about global economic growth pushed investors toward safer assets. In Europe, the benchmark German bund yield fell to a new record low.
The yield on the benchmark 10-year Treasury note was 6 basis points lower at around 1.977%. The yield's move back above 2% this month after China and the U.S. agreed to a trade deal ceasefire proved to be short lived. The yield on the 10-year bund fell to -0.367% in afternoon trading in Germany. Bond yields move inversely to their prices.
Fears of an economic slowdown in Europe were exacerbated after the U.S. government on Monday threatened to impose tariffs on $4 billion of additional euro zone goods in a long-running dispute over aircraft subsidies.
The U.S. Trade Representative's office released a list of products — including Italian cheese, olives and whiskey — that could be targeted with new duties on top of those implemented in April. The new wave of proposed duties comes amid a 15-year dispute at the World Trade Organization over aircraft subsidies given to U.S. aerospace manufacturer Boeing and its European rival, Airbus.
Those trade concerns have weighed on an already-dampened global growth outlook, with European rates falling across the board during Tuesday's session. That's prompted both Federal Reserve and European Central Bank officials to curb talk of tighter monetary policy and suggest easier conditions later in the year.
Speaking in London, Cleveland Fed President Loretta Mester said Tuesday that the Fed can hold steady on interest rates while waiting for economic data points to emerge.
"At the present time, I believe it is too soon to make that determination, and I prefer to gather more information before considering a change in our monetary policy stance," Mester said, noting that the expansion has proven "resilient to a variety of shocks, headwinds and uncertainties" that ultimately have reversed.
"A combination of falling global PMIs that suggest lower growth and inflation dynamics going forward and a seemingly willing ECB to engage in further rate cuts and QE is pushing yields lower and further negative," Jim Caron, managing director of Global Fixed Income at Morgan Stanley Investment Management, said in an email.
"Add all this to global central banks cutting rates and it makes sense why bund yields have fallen. It may beg the question, why haven't the fallen even more!" he added.
— CNBC's Jeff Cox contributed reporting.