Business News
Take five: World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Month: August 2018
Business News
Trump’s reported off-the-record remarks hit U.S.-Canada trade talks
U.S. President Donald Trump said in off-the-record remarks to Bloomberg News this week that any trade deal with Canada would be “totally on our terms,” the Toronto Star reported on Friday, citing remarks it had obtained.
Business News
U.S. fund managers trim bank stocks on profit worries
U.S.-based mutual fund managers worried about the outlook for bank earnings have been trimming financial stocks from their portfolios, although some value-oriented portfolio managers and analysts said they still see attractive opportunities in the sector.
Business News
California hospital chain with ties to billionaire files for bankruptcy
Verity Health System of California Inc, a non-profit operator of six California hospitals managed by billionaire former surgeon Patrick Soon-Shiong’s NantWorks LLC, filed for bankruptcy on Friday to help resolve a cash crunch while it seeks a buyer.
Trading Ideas
Manafort Ally Agrees to Cooperate With U.S. After Guilty Plea
A former associate of Paul Manafort, who was charged Friday with failing to register in the U.S. as a foreign agent for his work lobbying on behalf of a Ukrainian political party, is a longtime international political operative who’s partnered with a Russian already indicted in Special Counsel Robert Mueller’s probe. The charges against Sam Patten are spelled out in a criminal information, which often precedes a guilty plea. U.S. Special Counsel Robert Mueller’s office referred the case to U.S. Attorney Jessie Liu in the District of Columbia, according William Miller, a spokesman for Liu, who declined to …read more […]
Business News
Ford kills plan to sell Chinese-made vehicle in the United States
Ford Motor Co has abruptly killed a plan to sell a Chinese-made small vehicle in the United States because of the prospect of higher U.S. tariffs, the head of the automaker’s North American operations said Friday.
Business News
U.S., Canadian teams ‘not there yet’ on NAFTA deal: Freeland
NAFTA negotiators from the Canada and the United States are “not there yet,” in resolving differences keeping them from a deal to modernize the North American Free Trade Agreement, Canadian Foreign Minister Chrystia Freeland said on Friday.
Business News
U.S., Canada slug it out as deadline looms to clinch NAFTA deal
Talks between Canada and the United States to revamp NAFTA appeared to stumble on concessions over agriculture, as top negotiators struggled for a fourth day to meet President Donald Trump’s Friday deadline.
Business News
Casino shares sink, Muddy Waters tweet stirs fresh debt fears
Shares in French retailer Casino sank as much as 15 percent on Friday amid fresh concerns over its debt burden.
Business News
Global shares extend fall on Trump trade threats
Global stocks were poised on Friday to end August much as they began the month – under the dark cloud of a potentially worsening trade war.
Business News
Summer is over for investors as global worries build
Investors returning from their summer holidays in the coming days are likely to feel a distinct chill in the air as they assess the world economy.
Trading Ideas
Problems at Wells Fargo, bad news for Elon Musk, Starbucks revamps the Frappuccino
Wells Fargo, Tesla, Starbucks and Apple are the companies to watch. …read more […]
Business News
Founder sues Papa John’s board to stop ‘irreparable harm’
The founder and largest shareholder of Papa John’s International Inc sued the pizza chain’s board and chief executive late on Thursday to stop what he described as “the irreparable harm” they are causing the company, according to a court filing.
Business News
Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq
The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq.
Trading Ideas
White House faces brain drain at perilous moment
Increasingly convinced that the West Wing is wholly unprepared to handle the expected assault from Democrats if they win the House in November, President Donald Trump’s aides and allies are privately raising alarm as his circle of legal and communications advisers continues to shrink. With vacancies abounding in the White House and more departures on the horizon, there is growing concern among Trump allies that the brain drain at the center of the administration could hardly come at a more perilous time. Special counsel Robert Mueller’s swirling probe of Russian election interference and potential obstruction of justice by …read more […]