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Daily Investor Update: U.S. Fed's Brainard, George monitoring stock market rout

Reuters.com Newsletter

U.S. Fed's Brainard, George monitoring stock market rout

Federal Reserve officials said they were monitoring the U.S. stock market rout on Monday as they assess how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy.

Wall St. sinks as yuan slide intensifies U.S.-China trade dispute

U.S. stocks tumbled on Monday, with the benchmark S&P 500 sliding more than 3%, as a fall in the yuan following U.S. President Donald Trump's vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the U.S.-China trade war.

Walmart faces pressure to stop gun sales after latest U.S. mass shootings

Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at a Walmart store, left 31 people dead in Texas and Ohio.

New Media to buy USA Today-owner Gannett in $1.4 billion deal

Fortress Investment Group-backed New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, combining two of the biggest U.S. daily newspapers.

Oil falls 3% as trade war concerns hit demand outlook

Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.

U.S. stocks drop most since December

U.S. stocks fell the most since December on Monday after China allowed its currency to weaken beyond a key threshold, signaling dimmer prospects for a de-escalation in U.S.-China trade tensions.

Stocks fall on trade worries as yuan sinks to a decade low

Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.

Tyson Foods hits record high after beating estimates, prepares for China profit boost

Tyson Foods Inc reported better-than-expected quarterly earnings on Monday and reaffirmed expectations it will profit from the spread of a fatal hog disease in China, sending shares to a record high.

Sports Direct buys fashion retailer Jack Wills for 12.75 million pounds

Britain's Sports Direct International Plc has bought clothing retailer Jack Wills for 12.75 million pounds ($15.51 million), the Mike Ashley-led company said on Monday.

U.S. services sector slows; orders hit three-year low

U.S. services sector activity slowed in July as new orders dropped to their lowest level in three years, suggesting the economy lost further momentum early in the third quarter.

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