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News Highlights: Top Global Markets News of the Day

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08/30/2019 | 05:15pm EST
U.S. Consumer Sentiment Declined at End of August 

U.S. household sentiment fell in August from the earlier month amid concerns over a trade war.

Stocks Break Losing Streak to End Volatile August 

U.S. shares relinquished most of their early-morning advance to cap off a volatile month, but ended the week with solid gains.

Lung Illnesses Linked to Vaping Rise, Says CDC 

Federal health officials warned the public not to buy e-cigarette products off the street or modify products they already own, as the number of people who have developed severe lung illnesses after vaping jumped in the past week.

Strength in U.S. Consumer Spending Drives Economy 

U.S. households ramped up their spending in July, providing reassurance that the economy's decadelong expansion continued to roll despite slowing factory activity and global growth.

U.S. Oil Rig Count Falls by 12 in Latest Week to 20-Month Low 

The number of rigs drilling for oil in the U.S. fell by 12 in the past week to 742, a 20-month low, according to oil-field services company Baker Hughes.

Orange Juice Slides as Hurricane Dorian Heads Toward Florida 

Orange-juice futures turned lower after rallying all week as Hurricane Dorian heads toward Florida-a major provider of oranges for juice.

India Merges State Banks to Battle Bad Debt 

India said it was merging several state-run banks as it seeks to shore up the banking system amid concerns about a growing bad debt problem.

Cheap Gas Revs Up Consumers, Boding Well for U.S. Economy 

Drivers hitting the road this Labor Day weekend will enjoy the cheapest gasoline prices in three years, a boon to consumers as fears of recession buffet Wall Street.

Exports Power Canada's Economic Growth to Two-Year High 

The Canadian economy rebounded in the second quarter with its best performance in two years, as one of the strongest export showings this decade offset a decline in business investment and softness in household spending.

India's Economic Growth Slows to Six-Year Low 

India's economic growth slowed to a six-year low last quarter as debt problems at banks choked business and consumer spending in Asia's third largest economy.

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES -3.54% 22.05 Delayed Quote.-13.97%
LONDON BRENT OIL -0.49% 58.64 Delayed Quote.-6.00%
ORANGE 1.70% 13.165 Real-time Quote.-1.33%
WTI -0.28% 52.8 Delayed Quote.-9.29%
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