Market Pulse - Usa
US precautionary savings jump in December, even as personal income surges
Faced with volatility in capital markets and perhaps also due to the partial shutdown of the US federal government, Americans reined in their spending at the end of 2018, opting to put aside a surge in disposable income as savings.
US manufacturing activity cools in February and worse may be yet to come
US manufacturing activity cooled last month, according to the most widely-followed survey of conditions in that sector, with some economists warning that "worse is probably yet to come".
US open: Stocks open higher amid another flurry of data releases
Stocks opened higher on Friday as investors worked their way through another day full of data releases and promising news coming from trade talks with China, following some solid GDP figures the day before.
Tesla to close retail sites, move sales online
Electric car manufacturer Tesla will shutter all of its retail locations and move its sales online in a bid to deliver on its promise of selling a mass market sedan for $35,000.
US close: Markets move lower over Korea geopolitical disappointment
Wall Street’s main indices were all in the red at the closing bell on Thursday, after a session in which investors mulled the abrupt end to Donald Trump's denuclearisation summit with North Korean leader Kim Jong-un, with no agreement reached.