Tech stocks, Berkshire Hathaway pull Wall Street higher
(Reuters) – Gains in technology shares and Warren Buffett’s Berkshire Hathaway drove gains on Wall Street on Monday, with investors also looking for more clues on interest rate hikes from new Federal Reserve chair Jerome Powell’s testimony this week.
Qualcomm proposes price talks with Broadcom in potential step toward deal
(Reuters) – Qualcomm Inc on Monday urged Broadcom Ltd to enter into price negotiations for the first time on Broadcom’s $117 billion offer for the company, a potential step toward a deal between the two chipmakers after almost four months of disagree…
Germany wary after China’s Geely swoops on Daimler
BERLIN/FRANKFURT (Reuters) – Germany must ensure it is not exploited by other countries, its economy minister said on Monday, after China-based Geely bought a $9 billion stake in Mercedes maker Daimler.
Fed’s Bullard says ‘substantially’ higher rates risk overly tight policy
WASHINGTON (Reuters) – An era of low productivity growth and high world demand for safe assets may be anchoring central bank policy rates at a low level, St. Louis Federal Reserve President James Bullard said on Monday.
Wall St. opens higher on tech gains
(Reuters) – Wall Street opened higher on Monday, led by gains in technology stocks and hopes that new Fed chair Jerome Powell will keep the U.S. central bank on a steady course of monetary tightening.
Negotiators seek progress on NAFTA despite fresh Trump tension
MEXICO CITY (Reuters) – U.S., Mexican and Canadian negotiators meet on Monday seeking to narrow disagreements on how to overhaul the NAFTA trade deal despite renewed signs of tension between Mexico and U.S. President Donald Trump over his planned borde…
GE names accounting, turnaround experts to board
(Reuters) – General Electric Co nominated top aviation and industrial executives and an accounting expert to its board on Monday, as it seeks to restructure its business and restore investors’ confidence in one of the largest U.S. industrial conglomer…
Stock futures rise as Powell takes center stage
(Reuters) – U.S. index futures pointed to a strong start for Wall Street on Monday, buoyed by gains for stock markets worldwide and the belief that new Fed chair Jerome Powell will keep the U.S. central bank on a steady course of monetary tightening.
Toyota pursues petrol but sees electric potential in new technology
TOKYO (Reuters) – Toyota Motor Corp stuck to its commitment to improving petrol engines on Monday with new powertrain units, while flagging technologies which could find their way into electric vehicles (EVs) and hydrogen fuel cell vehicles (FCVs).
Berkshire more inclined to repurchase stock than pay dividends: Buffett
NEW YORK (Reuters) – Warren Buffett, chairman and CEO of Berkshire Hathaway Inc , said his conglomerate, which is sitting on $116 billion of cash, is “more inclined” to repurchase stock than pay dividends as a means to use excess cash.
