Oil prices fell more than 2.5% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global markets.
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Hiring by U.S. private employers slowed further in September, suggesting that trade tensions, which have pressured manufacturing, could be spilling over to the labor market.
Canada's border security agency admitted making an "error" while sharing passcodes of phones belonging to Huawei chief financial officer Meng Wanzhou with Canadian federal police, according to document filed as part of a hearing in a British Columbia court.
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The United States' top trade body is likely to release a list of European goods subject to new tariffs Wednesday afternoon, after the World Trade Organization's landmark ruling on illegal aircraft subsidies, industry sources said.
Wall Street's main indexes were on course for their sharpest drop in nearly six weeks on Wednesday as a clutch of recent data, including a report on private sector hiring, suggested that trade tensions were taking a toll on the U.S. economy.
The United States won approval on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.
Delta Air Lines Inc warned on Wednesday that new U.S. tariffs on Airbus planes "will inflict serious harm on U.S. airlines" and shrink the company's profits.
Wall Street's main indexes were on track for their sharpest one-day declines in nearly six weeks on Wednesday after a report on private sector hiring suggested that fallout from the U.S.-China trade war is contaminating the U.S. economy.
Oil prices fell more than 2% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.
U.S. Secretary of State Mike Pompeo said on Wednesday that retaliatory U.S. tariffs following the World Trade Organization ruling over European illegal subsidies for planemaker Airbus could include cheese and wine.
Florida has signed on to a consent agreement that the Justice Department reached with Sprint Corp and T-Mobile US Inc to allow the companies to merge, according to a court filing on Wednesday.
The United States' top trade body is likely to release a list of European goods subject to new tariffs Wednesday afternoon, after the World Trade Organization's landmark ruling on illegal aircraft subsidies, industry sources said.
Analysts on Wednesday trimmed their profit estimates for Exxon Mobil Corp after the largest publicly traded oil producer pointed to weaker third-quarter results in a regulatory filing due to weaker oil prices and chemicals margins.