Trump Puts Tariffs on Brazil, Argentina, Citing Currencies
President Trump said he would raise tariffs on steel and aluminum imports from Brazil and Argentina, surprising financial markets and opening a new front in the global trade war.
Stocks Fall on Manufacturing Report, Fresh Trade Tensions
U.S. stocks fell, hit by a downbeat report on the manufacturing sector and a fresh flare-up in trade tensions. The moves were a step back for stocks after they closed out their best month since June.
U.S. Factory Activity Contracted in November
The Institute for Supply Management's manufacturing index decreased to 48.1 in November from 48.3 in October. The reading was below economists' expectations for the manufacturing index to log in at 49.4.
American Dominance in Global Services Economy Weakens
Over the past half-century, the U.S. has evolved from an industrial superpower into the undisputed champion of the global services economy. But in recent years, growth has stalled and much rides on whether the trend continues.
U.S. Treasury Yields Lifted by Overseas Economic Data
U.S. government bonds pulled back, reflecting better-than-expected economic data out of China and the eurozone that outweighed a disappointing report on the U.S. manufacturing sector.
ECB's Lagarde Signals Long Review of Bank's Strategy, Policy Toolbox
European Central Bank President Christine Lagarde signaled at a hearing in Brussels that the bank is gearing up for a lengthy review of its strategy and policy toolbox.
Oil Rises on Hopes for Extended OPEC Output Cuts
Oil prices rose, lifted by the prospect of longer production cuts by OPEC and its allies as well as evidence of improving economic conditions in China.
To Battle Passive Funds, Active Investors Shun Diversification
Conventional investing wisdom holds that the safest portfolios are highly diversified and spread across a considerable number of assets. But that isn't stopping plenty of stock pickers from running in the opposite direction.
Political Uncertainty Pressures Emerging-Market Currencies
President Trump's move to restore steel and aluminum tariffs on Argentina and Brazil marks the latest threat to economic activity in emerging markets, underscoring geopolitical fears that have hurt currencies around the world.
New Conflict in Merkel's Government Threatens Germany's Role in Europe
With the center-left Social Democratic Party's new co-chairs now openly hostile to maintaining the ruling alliance with Angela Merkel's conservative Christian Democratic Union, Germany's fractious government appears closer to a collapse than at any time since it took office last year.