Year: 2018

WASHINGTON (Reuters) – The U.S. securities regulator on Thursday unveiled a proposal to ease its rules for approving low-risk exchange-traded-funds (ETFs), in what could potentially be a major win for the $3.5 trillion market.

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(Reuters) – Amazon’s foray into the pharmacy space sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing.

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(Reuters) – Starbucks Corp said on Thursday Chief Financial Officer Scott Maw will retire at the end of November, a move that stunned investors and sent shares of the world’s largest coffee shop chain down 3.8 percent in morning trade.

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WASHINGTON (Reuters) – The U.S. economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts.

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(Reuters) – Visa Inc and Mastercard Inc are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

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DUBAI/LONDON (Reuters) – Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is anything to go by.

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(Reuters) – The flood of requests from U.S. manufacturers with the Commerce Department to exempt them from the Trump administration’s hefty tariffs on steel and aluminum imports is exposing competitive information to rivals, customers and U.S. metal producers.

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PARIS (Reuters) – U.S. President Donald Trump’s tax cuts are likely to give only a meager boost to productivity growth in the United States, former Federal Reserve chief Janet Yellen said on Thursday.

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(Reuters) – Amazon’s move to entrench itself in the health sector sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing.

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(Reuters) – Visa Inc and Mastercard Inc are close to settling a long-running antitrust lawsuit with merchants over the fees they pay while they accept card payments, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

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(Reuters) – Shares of Madison Square Garden Co rose 12 percent on Thursday after the New York Knicks owner said it is exploring a spinoff to separate its sports businesses from live entertainment.

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FRANKFURT/MUNICH (Reuters) – The breakup of General Electric announced this week has put pressure on German conglomerates to consider similar moves, but executives must take account of the labor unions on their boards who have the power to veto radical plans.

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