Weak economic data, tariff concerns weigh on stocks globally

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Weak economic data, tariff concerns weigh on stocks globally

Modest gains in U.S. stocks helped global equity indices edge higher on Tuesday as investors weighed a U.S.-China trade truce against Washington's threat to impose additional tariffs on European goods.

Oil dives 4% on demand worries even as OPEC, allies extend cuts

Oil prices fell more than 4% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand.

U.S. June sales a mixed bag for automakers; SUVs, trucks still strong

Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline.

Tesla delivers record number of electric cars in quarter, shares up 8%

Tesla Inc handily beat Wall Street expectations on Tuesday for vehicle deliveries in the second quarter, sending shares up 8% as the performance tempered concerns about demand for the electric car maker's vehicles.

White House's Navarro says China trade deal will take time: CNBC

White House trade adviser Peter Navarro said on Tuesday U.S. trade talks with China are heading in the right direction and any concessions to Beijing on Huawei Technologies [HWT.UL] were small in the context of a larger trade deal.

Arizona cancels incentive for Nike plant after 'terrible decision' to recall sneaker: governor

Arizona's governor on Tuesday withdrew a $1 million incentive for Nike Inc to build a plant in the state after the world's largest sportswear maker canceled release of a sneaker featuring a colonial-era version of the American flag, which critics say reflects links to slavery.

Stocks edge higher as trade enthusiasm wanes

U.S. stocks managed modest gains on Tuesday after holding near the unchanged mark for much of the session as enthusiasm over the U.S.-China trade truce faded after the United States threatened tariffs on additional European goods.

EU leaders choose France's Lagarde for ECB after marathon summit

European Union leaders agreed on Tuesday to name France's Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU's other top four jobs after marathon talks that have exposed deep divisions in the bloc.

Rich get richer, everyone else not so much in record U.S. expansion

Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed "Black Strat" Fender Stratocaster - that went for nearly $4 million to the owner of the U.S. National Football League's Indianapolis Colts.

EU open to talks with U.S. in aircraft subsidies dispute

The European Union said on Tuesday it was open to talks with Washington in a dispute over aircraft subsidies after the United States threatened an additional $4 bln in tariffs on EU goods including olives, Italian cheese and Scotch whisky.

Scotch Whisky Association urges U.S. and EU to end trade stand-off

The Scottish government and the Scotch Whisky Association (SWA) urged the United States and the EU on Tuesday to end a trade dispute after Washington threatened tariffs on $4 billion of goods including Scotland's most famous export.

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