Business News
Wall Street opens lower on U.S.-China trade tensions
(Reuters) – U.S. stock indexes opened lower on Thursday as investors remained on edge about U.S.-China trade talks, while the latest round of earnings added little cheer.
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Business News
U.S. trade deficit narrows sharply; labor market tightening
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
Business News
Tesla faces angry Wall Street as CEO Musk snubs analysts on call
(Reuters) – Tesla Inc Chief Executive Elon Musk’s refusal to take questions from analysts about the electric car maker’s financial condition drew sharp criticism from Wall Street analysts and investors on Thursday, pushing its stock down 7 percent.
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Amazon puts Seattle expansion on pause over tax proposal
Amazon is extremely unhappy over a Seattle tax proposal that would set it back …read more […]
Business News
U.S.-China trade tensions, earnings set to pressure Wall Street
(Reuters) – U.S. indexes were on track to open lower on Thursday as investors remained on edge about U.S.-China trade talks, while the latest round of earnings added little cheer.
Business News
Futures flat as U.S.-China trade tensions simmer
(Reuters) – U.S. stock index futures were flat on Thursday as investors remained on edge about the U.S.-China trade talks, while the latest round of earnings added little cheer.
Trading Ideas
Teva raises 2018 outlook, expects migraine drug approval by year-end
Israel’s heavily indebted Teva Pharmaceutical Industries (TEVA.TA) on Thursday raised its financial outlook for 2018 after reporting a smaller than expected drop in first-quarter net profit and revenue. Teva also said that while it does not expect to receive approval for its migraine treatment fremanezumab by mid-June, as had been hoped, it does expect the key drug to gain approval in time for launch before the end of 2018. Analysts had forecast Teva (TEVA.N) would earn 67 cents a share excluding one-offs on revenue of $4.8 billion, according to Thomson Reuters I/B/E/S. …read more […]
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Why is the Government Pushing for TAR in the Cohen Privilege Review?
Using technology-assisted review (TAR) technology in the U.S. v. Cohen privilege review could potentially expedite the process, while offering transparency around decision-making. …read more […]
Business News
ECB making ‘substantial’ inflation progress: Praet
FRANKFURT (Reuters) – Europe’s economic slowdown came sooner than expected and factors holding back growth may persist in the near term but the European Central Bank is still making “substantial” progress in lifting inflation, ECB Chief Economist Peter Praet said.
Business News
Rolls-Royce interested in providing new engine for U.S. B-52s
DERBY, England (Reuters) – Rolls-Royce would be interested in bidding to provide a new engine for the United State’s B-52 bombers, said its CEO, should authorities proceed with a project to update the jets.
Business News
ECB making ‘substantial’ inflation progress
FRANKFURT (Reuters) – The European Central Bank has made “substantial” progress in lifting inflation but its work is not yet done and requires patience from policymakers, ECB Chief Economist Peter Praet said on Thursday.
Business News
Bombardier sells Toronto assembly site in major makeover
(Reuters) – Canadian plane and train maker Bombardier Inc has agreed to sell its Toronto aircraft assembly site to a pension fund as it strives to raise extra cash under a five-year recovery plan.
Business News
Trump praises China’s Xi as U.S. team arrives for trade talks
BEIJING (Reuters) – U.S. President Donald Trump praised his relationship with Chinese President Xi Jinping as a U.S. delegation arrived in Beijing on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying.
Business News
Bombardier EBITDA rises, says selling Downsview site
(Reuters) – Canadian plane and train maker Bombardier Inc reported a 16-percent rise in its favored measure of profit on Thursday and said it had agreed to sell its Toronto aircraft assembly site to a pension fund as part of its five-year recovery plan.
Business News
VW still looking at whether to spin-off assets: CEO
BERLIN (Reuters) – Volkswagen is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient.