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US Stocks Show Major U-Turn From Record High to Recession Fears

(Bloomberg) -- US stocks have gone from scaling record highs to flashing recession worries in a matter of weeks.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroWhat began as a mild decline in the most

Traders Search for Havens as US Stock Selloff Rattles Nerves

(Bloomberg) -- From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may unfold.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller

Trump meets Corporate America as economic fears nip stocks

WASHINGTON (Reuters) -U.S. President Donald Trump will meet the CEOs of America's biggest companies on Tuesday, including many whose market value has dipped in recent days as recession and inflation fears soured consumer and investor sentiment. The Republican president is expected to speak with around 100 CEOs at a regular meeting of the Business Roundtable in Washington, an influential group of CEOs leading major U.S. companies from Apple to JPMorgan Chase and Walmart. JPMorgan CEO Jamie Dimon, Citigroup CEO Jane Fraser and Goldman Sachs CEO David Solomon also plan to attend, according to three sources.

Coinbase registers with Indian financial watchdog to offer crypto trading services

U.S.-headquartered cryptocurrency exchange Coinbase Global has registered with India's Financial Intelligence Unit (FIU), allowing it to offer crypto trading services in the country, the company said on Tuesday. Coinbase said it plans to launch its initial retail services later this year and roll out additional investments and products thereafter, but did not disclose a specific timeline. Coinbase's entry into India comes at a time when interest in the asset class has soared in the country, with many young Indians dabbling in crypto and flocking to trading academies in the hopes of supplement their regular incomes.

Coinbase registers in India to pave way for crypto trading debut

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + Renfr

'Big Three' US airline stocks tumble as forecast cuts spook investors

(Reuters) -Shares of the "Big Three" U.S. carriers slumped in premarket trading on Tuesday after disappointing forecast adjustments from Delta Air Lines and American Airlines sparked concerns about the impact of a slowing economy on travel demand. Delta Air Lines fell 6.4% in premarket trading after the legacy carrier slashed its first-quarter profit forecast, while American Airlines lost 3% following expectations of a wider loss. Peer United Airlines was also down 3%.