Trading Ideas
Ask a Fool: Can Investment Income Affect My Social Security Benefits?
Too much income can reduce Social Security benefits, but only certain types of income count. …read more […]
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Business News
Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources
LONDON/PARIS (Reuters) – Bank of America has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.
Business News
Saudi Arabia plans leaders’ summit this year for OPEC, allies: sources
DUBAI (Reuters) – Saudi Arabia plans to host a leaders’ oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said on Friday.
Business News
Wall Street heads lower on rising China trade tensions
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
Trading Ideas
China announces equal penalties to retaliate for US tariffs
China’s government responded quickly to U.S. President Donald Trump’s tariff hike on Chinese goods by announcing Friday it will immediately impose penalties of “equal strength” on U.S. products. The Commerce Ministry said it also was scrapping deals to buy more American farm goods and other exports as part of efforts to defuse a sprawling dispute over its trade surplus and technology policy. Much of the impact would fall on Trump’s rural supporters. …read more […]
Business News
German court says investors can seek redress from Porsche SE in VW case
BERLIN (Reuters) – A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE .
Business News
Comcast gains unconditional EU antitrust approval to buy Sky
BRUSSELS (Reuters) – EU antitrust regulators have given the green light to U.S. cable company Comcast’s plan to acquire European pay-TV group Sky without demanding concessions.
Trading Ideas
Trump slaps tariffs on $50B in Chinese goods
President Trump is slapping 25% tariffs on some $50B in Chinese goods. The White House says it’s over the theft of intellectual property, and China is now pledging to retaliate. Yahoo Finance’s Alexis Christoforous, Ethan-Wolff Mann and Dion Rabouin have details. …read more […]
Business News
Wall St heads lower on rising China trade tensions
(Reuters) – U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
Business News
Russian state reinsurer shoulders more risk after U.S. sanctions
MOSCOW (Reuters) – Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told Reuters.
Business News
Comcast’s record all-cash Fox bid signals aggressive lending push
NEW YORK (LPC) – Media company Comcast Corp’s record all-cash US$65bn bid to buy Twenty-First Century Fox’s media assets, a day after AT&T’s long-sought acquisition of Time Warner received a green light, signals an oncoming wave of M&A that banks will aggressively compete to finance.
Business News
Wall Street opens lower as China trade spat intensifies
(Reuters) – U.S. stock indexes opened lower on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.
Trading Ideas
The Latest: Trump hails big tariffs on China
President Donald Trump is hailing his “very big tariffs” on China. Trump is speaking Friday on the North Lawn of the White House, just as his administration just announced a 25 percent tariff on up to $50 billion worth of Chinese imports. Trump says there is “great brain power” in this country. …read more […]
Business News
SandRidge says approached by 17 potential buyers, including Icahn
(Reuters) – SandRidge Energy Inc said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer’s board.
Business News
U.S. industrial output dips in May as manufacturing declines
WASHINGTON, (Reuters) – U.S. industrial production fell slightly in May amid a sharp drop in manufacturing output, the Federal Reserve said on Friday.