Bloomberg US and Chinese officials clashed in Geneva on Tuesday as the world’s two largest economies disagreed over how to reform the global trading system. Deputy US Trade Representative Dennis Shea said the World Trade Organization (WTO) must confront China’s trade abuses while rethinking its preferential rights as a developing nation. Chinese Ambassador Zhang Xiangchen countered that “no one can …

Bloomberg US stocks jumped as earnings from major banks and health-care firms bolstered confidence in the economy. The dollar fell as geopolitical tensions appeared to ease. The S&P 500 rallied after the index couldn’t make a clean break of the key 200-day moving average. A rebounding tech sector led gains. Strong third-quarter results from Goldman Sachs Group Inc. and Morgan …

Bloomberg Luxury stocks declined on Tuesday as concerns mounted over a downturn in consumer sentiment in China, extending a sell-off that has seen global luxury companies lose about $160 billion in combined market value this month. The tumble continued after Italian menswear maker Ermenegildo Zegna Group said that Chinese consumers had become more careful in spending in the past few …