S&P, Nasdaq extend losing streaks amid rising recession worries

Apple down after Morgan Stanley cuts December shipment target Tesla falls on production loss worries Carvana records worst-ever daily drop Indexes: Dow flat, S&P down 0.19%, Nasdaq 0.51% Dec 7 (Reuters) – The S&P 500 and Nasdaq closed down on Wednesday after a choppy session on Wall Street, as investors struggled to grasp a clear … Read more

Putin says Russia may be fighting in Ukraine for a long time

Putin warns of “long process” in Ukraine The risk of nuclear war is growing, he tells the rights council Russia won’t recklessly “brandish” nuclear weapons No need for a new round of mobilization LONDON, Dec 7 (Reuters) – Russian President Vladimir Putin said on Wednesday that his army could be fighting in Ukraine for a … Read more

Germany arrests 25 suspected of violent far-right plot to install prince

Military members among those being investigated Prosecutors: Parliament attack planned by some Over 3,000 security personnel involved in raids BERLIN, Dec 7 (Reuters) – Germany on Wednesday detained 25 members and supporters of a far-right group that prosecutors said were preparing a violent overthrow of the state, with some members suspected of plotting an armed … Read more

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand takes toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meeting points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

Ukraine appears to show ability to strike far inside Russia

Third Russian airfield reported hit in drone strike Ukraine’s Zelenskiy meets troops near the eastern front Oil price cap gives G7 leverage on Russia – US official Dec 7 (Reuters) – A third Russian airfield was set ablaze by a drone strike, a day after Ukraine demonstrated an apparent new ability to penetrate hundreds of … Read more

Wall Street slumps on further recession talk, S&P posts 4th decline

Meta falls on report of EU concern over targeted ads Energy stocks drop as crude trades at the lowest level since Jan Mirati slumps after trial data disappoints Dec 6 (Reuters) – Wall Street closed lower on Tuesday, with the S&P 500 declining for the fourth straight session, as skittish investors fretted over Federal Reserve … Read more

EU agrees law preventing import of goods linked to deforestation

BRUSSELS/SAO PAULO, Dec 6 (Reuters) – The European Union agreed on Tuesday on a new law to prevent companies from selling into the EU market coffee, beef, soy and other commodities linked to deforestation around the world. The law will require companies to produce a due diligence statement showing that their supply chains are not … Read more

Hungary vetoes EU aid for Ukraine, bloc delays decision on funds for Budapest

Hungary against 18 bln euro EU loan to Kyiv, OECD minimum tax Other 26 EU countries finance Ukraine in a different way Ministers delay decision on funds worth nearly 9% of Hungary’s GDP BRUSSELS, Dec 6 (Reuters) – Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on Tuesday … Read more

Stocks slide, dollar clings on as data challenges Fed pause hopes

SINGAPORE/LONDON, Dec 6 (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar held most of its gains from the previous day after US data drove speculation the Federal Reserve will stick longer with aggressive interest rate rises . MSCI’s world index (.MIWD00000PUS) fell 0.3%, set for a … Read more

Wall St slides as services data spooks investors about Fed rate hikes

US service sector activity picks up in November Tesla cuts output plan for Shanghai plant for December – sources All S&P 500 sectors decline, with energy stocks hit hard Indexes down: Dow 1.4%, S&P 1.79%, Nasdaq 1.93% Dec 5 (Reuters) – US markets ended Monday lower, as investors spooked by better-than-expected data from the services … Read more