S&P 500 erases losses following Fed minutes
(Reuters) – The S&P 500 erased losses to trade little changed on Wednesday after minutes from the last Federal Reserve meeting suggested higher inflation may not result in faster interest rate hikes.
Deutsche Bank looks to cut 10,000 jobs to reduce costs: source
FRANKFURT (Reuters) – Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.
Thyssenkrupp CEO feels heat after investor vote of no confidence
FRANKFURT/DUESSELDORF, Germany (Reuters) – Heinrich Hiesinger’s position as Thyssenkrupp’s CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors, including Cevian and Elliott, people familia…
Tesla shares poised to rise after ‘fever pitch’ of bad news: analyst
SAN FRANCISCO (Reuters) – Immaterial negative news stories about Tesla Inc have hit a “fever pitch”, and the electric carmaker’s stock is set to surge as output of its Model 3 sedan improves, according to an analyst.
Trump teases ‘big news’ for U.S. auto workers, suggests NAFTA link
WASHINGTON (Reuters) – President Donald Trump, who has repeatedly pledged to revive American manufacturing, said on Wednesday that “big news” was coming that would be welcomed by U.S. auto workers, and he suggested it was somehow linked to NAFTA trade …
China signals to state giants: ‘Buy American’ oil and grains
SINGAPORE/BEIJING (Reuters) – China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies,…
Wall Street remains lower on fresh concerns over U.S.-China trade talks
(Reuters) – U.S. stocks fell on Wednesday as President Donald Trump’s latest comments fueled skepticism over U.S.-China trade talks and ahead of a Federal Reserve report that could indicate the pace of future rate hikes.
Facebook users unite! ‘Data Labour Union’ launches in Netherlands
AMSTERDAM (Reuters) – Activists in Amsterdam on Wednesday launched the ‘Datavakbond’ or “data labor union”, which hopes to elect leaders to negotiate directly with Facebook and Google over what they do with users’ data.
U.S. Senate panel to hold hearing on Sprint T-Mobile merger
WASHINGTON (Reuters) – A U.S. Senate committee plans to hold a hearing on June 27 on the proposed $26.5 billion merger of U.S. wireless carriers T-Mobile US and Sprint Corp .
Wall Street edges lower as Trump adds to trade talks uncertainty
(Reuters) – U.S. stocks were slightly lower on Wednesday after President Donald Trump’s latest comments fueled skepticism over U.S.-China trade talks and ahead of a Federal Reserve report that could indicate the pace of future rate hikes.
