Trump trade chief wants to open China, not change its economic system
WASHINGTON (Reuters) – U.S. President Donald Trump’s chief trade negotiator said on Tuesday he was not looking to negotiate changes to China’s state-driven economic system in trade talks in Beijing this week but would seek to expose it to more foreign …
Apple’s $100 billion stock buyback overshadows iPhone
(Reuters) – Apple Inc on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet.
U.S. mulls quotas on steel, aluminum after extending deadline
WASHINGTON (Reuters) – U.S. officials are pushing for quotas and “other restrictions” on steel and aluminum imports, a top trade official said on Tuesday after the White House announced a month-long extension of tariff exemptions for Canada, Mexico and…
A dark hour for traders as rare outage crippled Canada stock markets
TORONTO (Reuters) – For about an hour and 11 minutes last Friday afternoon, traders in Canada’s biggest stock exchanges were left in the dark, as the stock market operator battled with a hardware failure.
Snap shares sink 16 percent as redesign weighs on results
(Reuters) – Snap Inc fell short of Wall Street forecasts for revenue and regular users on Tuesday after a redesign of its Snapchat messaging app turned off some long-time fans and advertisers, sending its shares tumbling 16 percent.
The big comeback: Hedge fund managers at Milken predict industry rebound
BEVERLY HILLS, Calif. (Reuters) – Hedge funds, following an extended period of low investor confidence and unspectacular returns, are poised to be great again, according to managers at a West Coast gathering of some of the world’s largest investors.
Wall Street rises on optimism on NAFTA deal and China trade
NEW YORK (Reuters) – The S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.
Apple beats profit expectations, plans $100 billion cash return boost
(Reuters) – Apple Inc on Tuesday beat revenue and profit expectations in its March quarter as it sold 52.2 million iPhones, barely below Wall Street targets and showing some resilience as global demand for smartphones wanes.
Snap shares sink as redesign weighs on results
(Reuters) – Snap Inc missed Wall Street forecasts for first-quarter revenue and regular users after a redesign of its Snapchat messaging app turned off some long-time fans and advertisers, sending its shares sharply lower on Tuesday.
T-Mobile’s quarterly revenue beats estimates
(Reuters) – U.S. wireless carrier T-Mobile US Inc , which is buying smaller rival Sprint Corp , topped Wall Street estimates for revenue on Tuesday as it added more phone subscribers who pay a monthly bill.
