Amazon fears trigger two day stock slide across sectors
U S stocks fell for a second straight day as Amazon accelerated fears of industry disruption. Medical device makers and health care suppliers tumbled while energy and consumer stocks moved mixed. Investors eyed a proposed tax plan shift and Citi analysts highlighted Amazon’s expanding distribution could reshape supply chains.
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Mustang goes global as Ford eyes China and beyond
Ford’s Mustang, long a U.S. best seller, gains traction abroad with 33 percent China sales growth this year. Since 2015 global launch, Mustangs led in Australia and China with rising club memberships and higher import prices due to tariffs. Global shipments topped 98,000 in year one after the launch.
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Equifax posts quarterly loss amid breach costs and new probes
Equifax reports a 27 percent drop in third-quarter profit due to a massive data breach affecting 145 million people. The firm forecasts breach related costs of 60 to 75 million in the current quarter and faces subpoenas from federal authorities over executive share sales.
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