U.S. consumer prices post first drop in nine months on gasoline
U.S. consumer prices fell for the first time in nine months in December amid a plunge in gasoline prices, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily.
Citigroup allows hedge fund ValueAct more access
Citigroup Inc will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after ValueAct first invested in Citi.
GM gives strong 2019 earnings forecast, shares jump 8 percent
General Motors Co on Friday gave a strong earnings forecast for 2019 powered by its revamped and highly-profitable pickup truck lineup, sending the No. 1 U.S. automaker’s shares up 8 percent in early trading.
As world economy stumbles into 2019, eyes turn to China
Ten years after China helped stave off the threat of a global depression with a huge stimulus plan, investors are looking once again toward Beijing as the world economy heads for a slowdown, or worse, in 2019.
Wall Street opens lower after five-day surge
U.S. stocks fell at the open on Friday after rallying for the past five sessions on hopes of a resolution in the U.S.-China trade dispute and assurances from the Federal Reserve that it would be patient on interest rate hikes.
Wall St. on track to open lower after recent surge
Wall Street was set to open lower on Friday after rallying for the past five sessions on hopes of a resolution in the U.S.-China trade dispute and assurances from the Federal Reserve that it would be patient on interest rate hikes.
Volkswagen delivered 10.8 million vehicles in 2018, eyes world No.1 spot
Volkswagen Group’s deliveries rose 0.9 percent to a record 10.83 million last year, the German company said on Friday, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest vehicle manufacturer.
Take Five: May Day, May Day! World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Fox says no plans to bid for sports networks Disney may sell
Fox Chairman Lachlan Murdoch said in November it was still an “open question” whether the company will buy back the regional sports networks it sold to Disney in July as part of the $71 billion deal.
U.S. consumer prices post first drop in nine months
U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily.
