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Home2018

Year: 2018

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Business News

Treasury chief Mnuchin slams report that Trump wants to exit WTO

June 29, 2018 admin Comments Off on Treasury chief Mnuchin slams report that Trump wants to exit WTO

WASHINGTON (Reuters) – U.S. Treasury Secretary Steve Mnuchin said on Friday a report by the Axios news website, that cited sources as saying President Donald Trump wanted the United States to withdraw from the World Trade Organization, was wrong.

…read more […]

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Business News

U.S. core PCE price index hits 2 percent; spending slows

June 29, 2018 admin Comments Off on U.S. core PCE price index hits 2 percent; spending slows

WASHINGTON (Reuters) – U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve’s 2 percent target for the first time in six years.

…read more […]

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Business News

China’s ZTE shakes up board in bid for U.S. ban lift

June 29, 2018 admin Comments Off on China’s ZTE shakes up board in bid for U.S. ban lift

SHENZHEN, China/HONG KONG (Reuters) – Chinese telecoms giant ZTE Corp announced a new board on Friday in a radical management shakeup as part of a $1.4 billion deal with the United States, moving it closer toward getting a devastating American supplier ban lifted.

…read more […]

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Business News

Wall Street set to gain from Nike jump, bank stocks boost

June 29, 2018 admin Comments Off on Wall Street set to gain from Nike jump, bank stocks boost

(Reuters) – U.S. stock index futures rose on Friday, as Nike jumped after reporting strong results and as financials gained after clearing the Federal Reserve’s stress test.

…read more […]

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Business News

Japan’s SoftBank hires Ford’s chief lobbyist as it ramps up Washington profile

June 29, 2018 admin Comments Off on Japan’s SoftBank hires Ford’s chief lobbyist as it ramps up Washington profile

(Reuters) – Ford Motor Co’s long-time top lobbyist is leaving the No. 2 U.S. automaker to join Japan’s Softbank Group , which is muscling up its Washington efforts, a person briefed on the matter confirmed on Friday.

…read more […]

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Business News

U.S. consumer inflation rises, core PCE price index hits 2 percent

June 29, 2018 admin Comments Off on U.S. consumer inflation rises, core PCE price index hits 2 percent

WASHINGTON, (Reuters) – U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve’s 2 percent target for the first time in six years.

…read more […]

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Business News

Nike shares soar as investors applaud North America sales rebound

June 29, 2018 admin Comments Off on Nike shares soar as investors applaud North America sales rebound

(Reuters) – Nike Inc shares on Friday rose 10 percent premarket and were set to open at a record high, after the world’s largest shoe maker saw a major sales rebound at its North America business and forecast strong growth for 2019.

…read more […]

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Trading Ideas

Is Under Armour Inc. a Buy?

June 29, 2018 admin Comments Off on Is Under Armour Inc. a Buy?

The athletic apparel company is working to regain its footing after stumbling hard. …read more […]

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Business News

Spooked by Trump, Europe’s Iranian oil purchases set to plummet

June 29, 2018 admin Comments Off on Spooked by Trump, Europe’s Iranian oil purchases set to plummet

LONDON (Reuters) – European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last round of punitive measures in 2012 even though the EU has not joined in.

…read more […]

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Business News

Deutsche Bank investors unshaken by U.S. stress test failure

June 29, 2018 admin Comments Off on Deutsche Bank investors unshaken by U.S. stress test failure

FRANKFURT (Reuters) – Deutsche Bank investors took a largely long view on its failure in this year’s U.S. stress tests, with its shares recovering on Friday from a record low hit earlier this week.

…read more […]

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Business News

Lloyd’s of London’s first female CEO to leave in 2019

June 29, 2018 admin Comments Off on Lloyd’s of London’s first female CEO to leave in 2019

LONDON (Reuters) – Lloyd’s of London [SOLYD.UL] Chief Executive Inga Beale, the commercial insurance market’s first female CEO, will leave next year, Lloyd’s said on Friday.

…read more […]

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Business News

U.S. funds remain cautious faced with trade war threat: Reuters poll

June 29, 2018 admin Comments Off on U.S. funds remain cautious faced with trade war threat: Reuters poll

(Reuters) – U.S. fund managers in June replicated defensive recommendations from the previous month with slightly more cash, a Reuters poll showed, underscoring worries that a U.S. trade conflict with China and some of its own allies will hurt global growth.

…read more […]

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Business News

China says U.S. should tell airlines to change websites in Taiwan row

June 29, 2018 admin Comments Off on China says U.S. should tell airlines to change websites in Taiwan row

BEIJING (Reuters) – China said on Friday that the United States should tell its airlines to change their websites to refer to self-ruled Taiwan as Chinese territory, after the United States said China had rejected requests for talks on the matter.

…read more […]

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Business News

Stock futures jump as Nike, financial stocks gains

June 29, 2018 admin Comments Off on Stock futures jump as Nike, financial stocks gains

(Reuters) – U.S. stock index futures gained on Friday, as Nike jumped after strong results and as bank stocks rose after clearing the Federal Reserve’s stress tests.

…read more […]

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Business News

Bitcoin skids below $6,000, hits lowest level since November

June 29, 2018 admin Comments Off on Bitcoin skids below $6,000, hits lowest level since November

LONDON (Reuters) – Bitcoin’s value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for the cryptocurrency and most of its rivals.

…read more […]

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