Market News

Asia markets lower on renewed U.S.-China trade concerns

Global Business News Reuters - Wed, 05/23/2018 - 21:33
SHANGHAI (Reuters) - Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.
Categories: Global news, Market News

U.S. launches national security probe of vehicle imports

Global Business News Reuters - Wed, 05/23/2018 - 21:29
WASHINGTON (Reuters) - The Trump administration on Wednesday launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.
Categories: Global news, Market News

Uber shuts Arizona self-driving program two months after fatal crash

Global Business News Reuters - Wed, 05/23/2018 - 21:03
SAN FRANCISCO (Reuters) - Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.
Categories: Global news, Market News

Comcast prepares to top Disney's $50 billion offer for Fox

Global Business News Reuters - Wed, 05/23/2018 - 20:27
(Reuters) - Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox , setting up a bidding war with rival Walt Disney Co , which already has agreed to a $52-billion deal with Fox.
Categories: Global news, Market News

J&J hit with $21.7 million verdict in another talc asbestos cancer case

Global Business News Reuters - Wed, 05/23/2018 - 19:16
NEW YORK (Reuters) - Johnson & Johnson and its talc suppliers on Wednesday were hit with a $21.7 million jury verdict in a lawsuit by a woman who said she developed cancer after being exposed to asbestos in the company's Baby Powder.
Categories: Global news, Market News

Wall Street dominance over Europe's struggling banks hits record

Global Business News Reuters - Wed, 05/23/2018 - 19:03
LONDON, May 24 (Reuters) - Wall Street's dominance over struggling European banks has reached record levels as U.S. firms reap the benefits of booming markets at home, while their transatlantic rivals are trapped in endless restructurings, data showed on Thursday.
Categories: Global news, Market News

Ackman makes roughly $1 billion bet on Lowe's

Global Business News Reuters - Wed, 05/23/2018 - 18:20
(Reuters) - Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , revealing his third large investment this year.
Categories: Global news, Market News

Trump may impose tariffs on car imports in latest trade move: sources

Global Business News Reuters - Wed, 05/23/2018 - 17:55
WASHINGTON (Reuters) - The Trump administration is considering a proposal to impose new tariffs on imported vehicles invoking a national security law that was used to impose tariffs on aluminum and steel, an administration official and three industry officials who had been briefed on the matter said.
Categories: Global news, Market News

Wall St. ends up as Fed seen keeping gradual approach to rate hikes

Global Business News Reuters - Wed, 05/23/2018 - 17:17
NEW YORK (Reuters) - U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes.
Categories: Global news, Market News

Uber trims losses and grows business, plans new stock sale

Global Business News Reuters - Wed, 05/23/2018 - 16:45
SAN FRANCISCO (Reuters) - Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets has not slowed its business.
Categories: Global news, Market News

Tesla shares seen rising despite 'fever pitch' of bad news: analyst

Global Business News Reuters - Wed, 05/23/2018 - 16:44
SAN FRANCISCO (Reuters) - Negative news stories about Tesla Inc have hit "fever pitch", but the electric carmaker's stock price is likely to surge as output of its Model 3 sedan improves, according to an analyst research report.
Categories: Global news, Market News

China signals to state giants: 'Buy American' oil and grains

Global Business News Reuters - Wed, 05/23/2018 - 15:55
SINGAPORE/BEIJING (Reuters) - China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.
Categories: Global news, Market News

Uber ends Arizona self-driving program following fatality

Global Business News Reuters - Wed, 05/23/2018 - 15:53
SAN FRANCISCO (Reuters) - Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.
Categories: Global news, Market News

Deutsche Bank looks to cut 10,000 jobs to reduce costs: source

Global Business News Reuters - Wed, 05/23/2018 - 14:36
FRANKFURT (Reuters) - Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.
Categories: Global news, Market News

U.S. Senate panel to hold hearing on Sprint T-Mobile merger

Global Business News Reuters - Wed, 05/23/2018 - 13:10
WASHINGTON (Reuters) - A U.S. Senate committee plans to hold a hearing on June 27 on the proposed $26.5 billion merger of U.S. wireless carriers T-Mobile US and Sprint Corp .
Categories: Global news, Market News

Wall Street edges lower as Trump adds to trade talks uncertainty

Global Business News Reuters - Wed, 05/23/2018 - 12:00
(Reuters) - U.S. stocks were slightly lower on Wednesday after President Donald Trump's latest comments fueled skepticism over U.S.-China trade talks and ahead of a Federal Reserve report that could indicate the pace of future rate hikes.
Categories: Global news, Market News

China's Sinopec to boost U.S. crude imports to all-time high: sources

Global Business News Reuters - Wed, 05/23/2018 - 11:58
SINGAPORE (Reuters) - Sinopec, Asia's largest refiner, will boost U.S. crude oil imports to an all-time high as China tries to reduce its trade deficit with the United States, two sources with knowledge of the matter said on Wednesday.
Categories: Global news, Market News

Trump calls for new 'structure'for U.S.-China trade deal

Global Business News Reuters - Wed, 05/23/2018 - 11:44
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday signaled a new direction in U.S.-China trade talks and said any deal would need "a different structure," fueling uncertainty over current negotiations and sending U.S. stocks lower.
Categories: Global news, Market News

Trump teases 'big news' for U.S. auto workers, offers no details

Global Business News Reuters - Wed, 05/23/2018 - 10:56
WASHINGTON (Reuters) - U.S. President Donald Trump, who has repeatedly pledged to revive American manufacturing, said on Wednesday that "big news" was coming that would be welcomed by U.S. auto workers but he gave no details.
Categories: Global news, Market News

Deutsche Bank looks to cut 10,000 jobs to reduce costs: WSJ

Global Business News Reuters - Wed, 05/23/2018 - 10:09
FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.
Categories: Global news, Market News
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