Business News
Wall Street opens higher after CPI data misses forecast
(Reuters) – Wall Street was higher on Thursday as a weaker-than-expected rise in U.S. consumer prices in April cooled inflation fears.
Month: May 2018
Business News
U.S. consumer prices rise slightly; labor market tightening
WASHINGTON (Reuters) – U.S. consumer prices increased modestly in April, pointing to a steady buildup of inflation that will likely keep the Federal Reserve on a path of gradual monetary policy tightening.
Business News
Roku shares jump after co posts smaller-than-expected loss
(Reuters) – Roku Inc shares were up nearly 7 percent premarket on Thursday after it posted smaller-than-expected first-quarter loss helped by its TV streaming platform.
Business News
Wall St set for gains after soft inflation data
(Reuters) – Wall Street was set to open higher on Thursday after a weaker-than-expected rise in U.S. consumer prices in April cooled fears of rising inflation.
Business News
Walmart Go Back! Some Indian trader, farmer groups decry Flipkart deal
NEW DELHI (Reuters) – A day after U.S. retail giant Walmart struck its largest deal with a big ticket investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi calling for the deal to be scrapped.
Business News
Wells Fargo on track for $4 billion in expense reductions
BOSTON (Reuters) – Wells Fargo & Co on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019, and that the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018.
Business News
Futures jump after CPI data
(Reuters) – U.S. stock index futures climbed on Thursday after a weaker-than-expected rise in U.S. consumer prices cooled inflation fears.
Business News
Oil heads for biggest weekly rise in a month as Iran sanctions loom
LONDON (Reuters) – The oil price rose on Thursday, heading for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.
Business News
Futures little changed ahead of inflation data
(Reuters) – U.S. stock index futures were flat on Thursday after three days of oil-powered gains on Wall Street as investors waited for the latest reading on U.S. consumer prices.
Trading Ideas
Apple pulls the plug on its €850M data center project in Ireland over planning delays
Dark clouds have gathered and broken over Apple’s plans to build a data center …read more […]
Trading Ideas
Amazon won't distribute Terry Gilliam's ill-fated movie
Terry Gilliam’s The Man Who Killed Don Quixote really does seem to be cursed. …read more […]
Business News
BT to cut 13,000 jobs as seeks to revive growth
LONDON (Reuters) – BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and multiple pressures on its business.
Business News
Expectations capped, Wells Fargo investors await details on costs
BOSTON (Reuters) – Wells Fargo & Co investors are hoping for updates on how long the bank will stay in the regulatory doghouse, and will be looking for details about costs on Thursday while the lender’s ability to grow its balance sheet remains a question mark.
Trading Ideas
Apple scraps $1 billion Irish data centre over planning delays
Apple (AAPL.O) ditched plans to build an 850 million euro (743 million pounds) data centre in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday. Apple announced plans in February 2015 to build the facility in the rural western town of Athenry to take advantage of green energy sources nearby, but a series of planning appeals, chiefly from two individuals, delayed its approval. Ireland’s High Court ruled in October that the data centre could proceed, dismissing the appellants who then took their case …read more […]
Trading Ideas
Trump gives freed Americans flag-waving, wee-hours welcome
Staging a made-for-TV, still-of-the-night arrival ceremony, President Donald Trump welcomed home three Americans freed by North Korea and declared their release a sign of promise toward his goal of denuclearizing the Korean Peninsula. Trump also thanked North Korea’s Kim Jong Un for releasing the Americans and said he believes Kim wants to reach an agreement on denuclearization at their upcoming summit. First lady Melania Trump, Vice President Mike Pence, Secretary of State Mike Pompeo and other top officials joined Trump to celebrate the occasion at Joint Base Andrews near Washington. …read more […]