Exclusive: Amazon’s internal numbers on Prime Video, revealed
(Reuters) – Amazon.com Inc’s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the first time how the retailer’s bet on original video is paying off.
Investors still in love with growth stocks risk losing out on value
NEW YORK (Reuters) – A long rally in technology stocks has left investors thirsting for more, but that could be a mistake as the strengthening U.S. economy points to better value in other stocks.
Walmart patents hint at future where its drones tend the farms
NEW YORK/CHICAGO (Reuters) – Walmart Inc’s patent filings hint that it may see a future where farmers use its drones to not only spot crop problems but selectively apply chemicals or even disperse pollen to bring shoppers the freshest and cheapest food…
Exclusive: Wells Fargo faces sanctions for auto insurance payouts – sources
WASHINGTON (Reuters) – U.S. regulators are preparing to sanction Wells Fargo for receiving commissions on auto insurance policies it helped force on more than half a million drivers, people with direct knowledge of the probes told Reuters.
Toys ‘R’ Us to close doors, leaving void for toy lovers
(Reuters) – Toys ‘R’ Us Inc, the iconic U.S. toy retailer, is shuttering all its U.S. stores after failing to find a buyer or reach a restructuring deal with creditors to push its indebted business out of bankruptcy, the company said on Thursday.
U.S. pressing China to cut trade surplus by $100 billion: White House
WASHINGTON (Reuters) – The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump.
Senate approves bill rewriting post-crisis bank rules
WASHINGTON (Reuters) – The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis.
Stocks retreat, bonds advance as simmering trade woes curb risk appetite
TOKYO (Reuters) – Stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy.
Toys ‘R’ Us plans to close all U.S. stores; 33,000 jobs at risk: source
(Reuters) – Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesda…
Stocks sag, bonds supported as simmering trade woes curb risk appetite
TOKYO (Reuters) – Stock markets sagged broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy.
