European stocks, U.S. futures stabilize after steep sell-off

Stock markets recovered their poise on Tuesday, with European shares and Wall Street futures edging up after suffering steep losses the previous day.

Investors have been spooked in recent days by a resurgence in coronavirus cases that is leading to new restrictions on business in parts of Europe and other countries.

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Latest Economic News

  • Cathay Pacific cuts 8,500 jobs, shutters regional airline

    Economic CTV News
    Hong Kong airline Cathay Pacific Airways said Wednesday it would cut 8,500 jobs and shut a regional airline as it grapples with the plunge in air travel due to the pandemic. About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. Source
  • The end of double cupping: Tim Hortons ditches two cups in favour of one with sleeve

    Economic CTV News
    TORONTO -- Tim Hortons is ending the practice of double cupping hot drinks, a move the fast food restaurant says will eliminate hundreds of millions of cups from landfills each year. The subsidiary of Restaurant Brands International Inc. Source
  • Pattie Lovett-Reid: Signs of financial abuse

    Economic CTV News
    TORONTO -- October is Domestic Violence Awareness Month. Sadly not only do most victims experience domestic violence, victims tend to also suffer financial abuse. Without access to financial means, some may feel trapped and stay in dysfunctional relationships far longer then they should or want to. Source
  • Statistics Canada to unveil September inflation reading

    Economic CTV News
    OTTAWA -- Statistics Canada will say Wednesday morning how much prices went up or down in September, with expectations for near-zero movement. The agency reported last month that the inflation-measuring consumer price index rose 0.1 per cent in August compared with a year ago, matching the 0.1 per cent year-over-year increase recorded in July. Source
  • Antitrust lawsuit against Google reveals a growing willingness to take action against tech titans

    Economic CBC News
    A Google News search for the word antitrust didn't even need to include the term "Google" to offer the company plenty of free, if unwanted, extra publicity. While the search giant is the focus of Tuesday's U.S. Source
  • Asian shares rise after Wall Street gains on solid earnings

    Economic CTV News
    TOKYO -- Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.3% to 23,647.63. South Korea's Kospi added 0.3% to 2,366.15, while Australia's S&P/ASX 200 edged up 0.1% to 66,191.80. Source
  • World shares mixed as investors eye U.S. economic aid talks

    Economic CTV News
    TOKYO -- European shares fell Wednesday after Asian shares advanced as investors welcomed a batch of solid earnings reports from U.S. companies. France's CAC 40 slipped 0.9% to 4,884.46 while Germany's DAX shed 0.8% to 12,635.78. Source
  • Netflix shares fall after it reports slowing subscriber growth

    Economic CTV News
    Netflix stock fell around 5 per cent in after-hours trading Tuesday after the company posted slowing growth in new subscriptions and lower-than-expected profits, a sign that the streaming giant's pandemic bump may be petering out. Source
  • U.S. environmental group lobbies Canadians to pressure CPP over ownership of Colorado oil firm

    Economic CBC News
    A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan to end its investment in a Colorado-based oil and gas company. In a five-minute YouTube video by an organization called 350 Colorado, residents of Boulder ask Canadians to pressure CPP Investments, which manages billions of dollars for the Canada Pension Plan, to stop investing in Crestone Peak Resources, which they accuse of polluting their air and water. Source
  • Germany issues warrants for Panama Papers lawyers: reports

    Economic CTV News
    BERLIN -- The two founders of a Panama-based law firm at the centre of a tax haven scandal exposed by the so-called Panama Papers are being sought on international arrest warrants issued by Germany, according to media reports Tuesday. Source