• Global stocks dip on worries about Italy's debt; Tesla sinks

    2 monthes ago - By Chron

    NEW YORK - Global stocks are falling Friday after Italy's new government announced a big increase in spending. Italy's main stock index fell about 4 percent and other European indexes also took sharp losses as investors worried that the government's plan will lead to a clash with European Union leaders who want Italy to reduce its debt level. Banks are falling.
    Tesla stock is plunging after federal regulators moved to oust Elon Musk as the electric car maker's CEO following his tweet last month that he was close to a deal to take Tesla private.
    U.S. indexes are slightly lower at the end of...
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  • Wall Street opens lower as Italy's budget, trade concerns weigh

    2 monthes ago - By Reuters

    U.S. stocks opened lower on Friday, the last trading day of the third quarter, weighed by bank stocks as Italy's budget worries roiled financial markets and trade concerns hurt sentiment.
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  • Stocks turn lower on concern about Italy's spending plans

    2 monthes ago - By Chron

    SINGAPORE - Global stocks turned lower on Friday amid concern that Italy's populist government plans to spend heavily on policies that could add to the country's already heavy debt load.
    KEEPING SCORE: In Europe, Italy's FTSE MIB plunged 4.1 percent to 891 points, while France's CAC 40 lost 1 percent to 5,487. Germany's DAX dropped 1.5 percent to 12,243 and the FTSE 100 in Britain shed 0.8 percent to 7,488. Wall Street was set for a weaker open, with Dow and S&P 500 futures both down 0.3 percent.
    ITALIAN SPENDING: Italy's new government announced a sharp increase in spending that will push...
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