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Wall Street falls as financials stumble, oil drops

May 31, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. stocks retreated on Wednesday, pulled lower by weakness in financials after JPMorgan and Bank of America warned of revenue weakness in the current quarter, while a drop in oil prices weighed on energy stocks.


Source: Reuters Business News

Toshiba moves back some chip unit assets to ward off Western Digital's legal claim

May 31, 2017 by  
Filed under News

TOKYO (Reuters) – Toshiba Corp has moved some of the assets of its memory chip unit back to the parent company to ward off Western Digital Corp’s legal claim that the Japanese conglomerate cannot sell the unit without the U.S. partner’s consent.


Source: Reuters Business News

Coal stocks fall; U.S. exit from climate deal may hurt, not help

May 31, 2017 by  
Filed under News

NEW YORK/LOS ANGELES (Reuters) – U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change.


Source: Reuters Business News

Wild swings, lack of liquidity keeping U.S. funds out of bitcoin

May 31, 2017 by  
Filed under News

NEW YORK (Reuters) – A lack of liquidity is keeping U.S.-based mutual fund managers from investing in bitcoin even as the digital currency hits record highs.


Source: Reuters Business News

Exxon shareholders approve climate impact report in win for activists

May 31, 2017 by  
Filed under News

DALLAS (Reuters) – Exxon Mobil Corp shareholders on Wednesday approved a proposal calling for the company to disclose the impact of compliance with global climate change guidelines on its business, an issue central to probes by two state attorneys general.


Source: Reuters Business News

Daimler aims to expand supplier base in Alabama

May 30, 2017 by  
Filed under News

FRANKFURT (Reuters) – Daimler’s Mercedes-Benz “sees value” in having more suppliers in the U.S. state of Alabama, where it has a factory in Tuscaloosa, the group said on Tuesday.


Source: Reuters Business News

Wall Street dips as energy, financials weaken

May 30, 2017 by  
Filed under News

(Reuters) – U.S. stocks edged lower on Tuesday as weakness in the energy and financial sectors outweighed gains in technology shares.


Source: Reuters Business News

Goldman confirms buying Venezuela bonds after opposition cries foul

May 30, 2017 by  
Filed under News

CARACAS (Reuters) – Goldman Sachs Group Inc has confirmed it bought Venezuelan bonds after being excoriated by the country’s opposition for financing the embattled government of President Nicolas Maduro, who is facing sustained protests.


Source: Reuters Business News

Brainard expects Fed rate hikes but eyeing soft inflation

May 30, 2017 by  
Filed under News

NEW YORK (Reuters) – A U.S. rate hike is probably coming soon though the Federal Reserve may want to delay if inflation remains soft, an influential Fed governor said on Tuesday, adding she also backs shrinking the bond portfolio “before too long.”


Source: Reuters Business News

BlackRock CEO Fink says second-quarter earnings could disappoint

May 30, 2017 by  
Filed under News

NEW YORK (Reuters) – BlackRock Chief Executive Larry Fink said on Tuesday that U.S. financial markets are “probably fully priced at this moment,” and that second-quarter earnings and growth could disappoint investors.


Source: Reuters Business News

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