Warren Buffett extended his sales of Bank of America Corp. shares into September, reaping a total of $6.97 billion since the spree of disposals started in mid-July. In the latest round of transactions, disclosed in a regulatory filing Thursday, his Berkshire Hathaway...

Brent trades near $73 a barrel after falling to 2023 lows US crude inventories dropped by 6.87 million barrels Oil fluctuated between gains and losses after risk-off sentiment in broader markets vied with an OPEC+ agreement to pause its planned crude production...

Steel ingredient drops closer to $90 a ton amid oversupply Mills are losing money, people are pessimistic: GF Futures Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in...

Major tech firms’ EPS growth was the slowest since late 2022 Morgan Stanley sees more downward earnings revisions coming China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that...

End of September is historically worst two weeks for S&P 500 Buybacks power to fade, hedge funds can further cut exposure The stock market could be heading for correction if payrolls data comes in weak on Friday, according to Scott Rubner, managing director for...

One-month implied US volatility rises with 50bps cut in play Slew of data is adding to picture of slowdown in US economy Bond traders are bracing for wilder market swings in the US than in Europe amid signs the world’s largest economy is faltering. A measure of...

Shortfall in goods and services trade increased 7.9% in July Goods trade deficit with China widened to largest since 2022 The US trade deficit widened to a two-year high in July, fueled by a surge in imports of goods and partly reflecting stepped-up efforts by...

Economic environment weighs on higher income shoppers Customers spent less per trip as they focus on essentials Dollar Tree Inc. shares fell the most in more than a decade after the chain lowered its full-year guidance as its higher income customers also begin to pull...

New Zealand house prices fell for a sixth straight month in August, weighed down by elevated interest rates and uncertainty over job security in a weakening economy, according to CoreLogic Inc. Values dropped 0.5% from July, when they declined a revised 1%, the...

Girard-Perregaux and Ulysse Nardin among brands getting help Work stoppages follow drop in demand for Swiss watch industry Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand. Girard-Perregaux and Ulysse...

Per capita GDP declined for a sixth consecutive quarter Household spending fell in quarter, detracting from GDP Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly...

Analyst ‘broadly comfortable’ with sovereign rating outlook Interest-rate cuts expected to restore GDP per capita growth S&P Global Ratings is “broadly comfortable” with New Zealand’s sovereign rating outlook, though it’s closely watching the nation’s large...

The August S&P Global US Manufacturing PMI™ fell to 47.9 in August from 49.6 in July, indicating a modest deterioration in business conditions for a second straight month. The latest reading was just below the forecasted reading of 48.0 and is the index's lowest...