China hits US sorghum; Tesla's pause; Goldman Sachs earnings

China hits US sorghum; Tesla's pause; Goldman Sachs earnings

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China steps up trade fight : China has slapped a huge charge on American imports of sorghum, accusing the United States of dumping the crop on its markets. Tesla ( TSLA ) said that it's pressing pause in order "to improve automation" and deal with bottlenecks. Bank of America ( BAC ) reported its highest profits in history on Monday, taking out the previous record set in 2011. China's government said last month that it's aiming for economic growth of around 6.5% for the full year, lower than the 6.9% that it reported for 2017.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Morningstar: © 2018 Morningstar, Inc. A Time Warner Company. Sorghum is used to feed livestock and make a liquor that's very popular with Chinese drinkers. The company declined to say how long the stoppage would last. JPMorgan Chase ( JPM ) , the largest US bank, posted a 35% jump in earnings on Friday. There will be more news on the global economy when the International Monetary Fund publishes its latest World Economic Outlook at 9 a.m.

Sign up now! All Rights Reserved. Terms under which this service is provided to you. China is the largest buyer of American sorghum products. Tesla's stock has been battered by worries that it's behind on production of the Model 3. Citigroup ( C ) and Wells Fargo ( WFC ) also beat forecasts. Global market overview: US stock futures were pointing up early on Tuesday. Earnings and economics: Johnson & Johnson ( JNJ ) and UnitedHealth ( UNH ) are set to report their earnings before the opening bell on Tuesday.

Factset: FactSet Research Systems Inc. It imported about $960 million worth last year, according to Chinese data. The sedan is an attempt by the company to shift from producing small numbers of luxury vehicles to making cars on a much larger scale. The strong earnings are at least partly because of President Donald Trump's tax cuts. European markets were mostly higher, while markets in Asia ended the session mixed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service . All rights reserved. Broader trade tensions remain high: The United States cracked down on one of China's biggest tech companies, ZTE ( ZTCOF ) , on Monday. Blockbuster bank earnings: Goldman Sachs ( GS ) is set to report its earnings before the opening bell on Tuesday. The banks also benefited from recent market volatility as clients rushed to execute buy and sell trading orders.

Netflix ( NFLX ) jumped 6% in premarket trading after the company reported stronger than expected subscriber numbers. Contact Us Closed Captioning Site Map > Most stock quote data provided by BATS. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. It banned the smartphone maker from buying components from American firms. Investors are hoping it will follow the trend set by its rivals and top analysts' forecasts.

Walgreen ( WBA ) and other pharmacy stocks jumped on Monday on reports that Amazon ( AMZN ) is backing away from selling prescription drugs. The latest US housing markets statistics will be released by the Census Bureau at 8:30 a.m. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC.