The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways as the death toll from a mysterious vaping-related disease continues to...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
* U.S. manufacturing shrinks for first time in three years
* Trump warns China against dragging its feet in trade talks
* U.S. oil falls 3%, Brent down almost 2% (New throughout, updates prices, market activity and comments)
NEW YORK, Sept 3 (Reuters) - Oil prices fell on Tuesday, with U.S. crude futures down 3% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.
U.S. West Texas Intermediate (WTI) crude futures fell $1.68, or 3.1%, to $53.42 a barrel by 12:45 p.m. EDT (1645 GMT). The session low was $52.84 a barrel, the lowest since Aug. 9.
Brent crude futures lost 92 cents, or 1.6%, to $57.74 a barrel. It sank as low as $57.23 a barrel, also the weakest since Aug. 9.
Prices extended losses following data that showed U.S. manufacturing activity in August contracted for the first time in three years, with new orders and hiring declining as trade tensions weighed on business confidence.
The U.S. numbers came after separate data showing euro zone manufacturing activity contracted for a seventh month in August as a continued decline in demand sapped optimism.
"That deterioration is continuing to undermine the demand growth outlook for oil," said John Kilduff, a partner at Again Capital in New York.
Elsewhere, South Korea's economy expanded less than expected in the second quarter, with exports revised down in the face of the U.S.-China dispute, central bank data showed.
Oil prices have fallen around 20% since a 2019 peak reached in April, hit by concerns the trade war would dent oil demand.
U.S. President Donald Trump said on Tuesday that trade talks between the United States and China were going well, though he warned that he would be "tougher" in negotiations if discussions drag on until his second term. Trump said the two sides would meet for talks this month.
Chinese Vice Premier Liu He said China firmly opposes a trade war, the state news agency Xinhua reported.
Washington began imposing 15% tariffs on an array of Chinese imports on Sunday, while China began placing new duties on U.S. crude oil.
The U.S.-China trade dispute "is the single most important flat price driver of late," said Tamas Varga of oil brokerage PVM.
On the supply side, Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, following tougher U.S. sanctions.
Data due this week on U.S. inventory levels will be delayed by a day to Wednesday and Thursday because of the U.S. Labor Day holiday on Monday.
Oil prices are likely to remain range-bound for the "foreseeable future" and there will be little spending growth in North American oil and gas fields in the near to medium term, Lorenzo Simonelli, chief executive of General Electric Co's Baker Hughes said on Tuesday.
(Reporting by Stephanie Kelly; Additional reporting by Dmitry Zhdannikov in London and Aaron Sheldrick in Tokyo Editing by David Goodman, Lisa Shumaker and David Gregorio)