Asia markets lower on renewed U.S.-China trade concerns
SHANGHAI (Reuters) – Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it…
J&J hit with $21.7 million verdict in another talc asbestos cancer case
NEW YORK (Reuters) – Johnson & Johnson and its talc suppliers on Wednesday were hit with a $21.7 million jury verdict in a lawsuit by a woman who said she developed cancer after being exposed to asbestos in the company’s Baby Powder.
Wall Street dominance over Europe’s struggling banks hits record
LONDON, May 24 (Reuters) – Wall Street’s dominance over struggling European banks has reached record levels as U.S. firms reap the benefits of booming markets at home, while their transatlantic rivals are trapped in endless restructurings, data showed …
Ackman makes roughly $1 billion bet on Lowe’s
(Reuters) – Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe’s , revealing his third large investment this year.
Trump may impose tariffs on car imports in latest trade move: sources
WASHINGTON (Reuters) – The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminum and steel, an administration official and three industry officials…
Wall St. ends up as Fed seen keeping gradual approach to rate hikes
NEW YORK (Reuters) – U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes.
Tesla shares seen rising despite ‘fever pitch’ of bad news: analyst
SAN FRANCISCO (Reuters) – Negative news stories about Tesla Inc have hit “fever pitch”, but the electric carmaker’s stock price is likely to surge as output of its Model 3 sedan improves, according to an analyst research report.
Uber trims losses and grows business, plans new stock sale
SAN FRANCISCO (Reuters) – Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets have n…
Ackman takes stake in Lowe’s, stock price surges
(Reuters) – Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe’s , boosting the U.S. home improvement retailer’s stock by 10.4 percent.
Uber ends Arizona self-driving program following fatality
SAN FRANCISCO (Reuters) – Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.
