Alibaba’s Taobao again on U.S. blacklist list for fakes
(Reuters) – The U.S. Trade Representative put Alibaba’s Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts.
Mnuchin sees $1 trillion revenue growth from tax overhaul
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to impl…
Goldman thwarts fraud class action tied to Abacus CDO: U.S. appeals court
NEW YORK (Reuters) – A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a colla…
Wall St. scales record highs on earnings optimism, robust data
(Reuters) – Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results from JPMorgan and BlackRock and robust retail sales drove gains for consumer stocks.
Wells Fargo sees no end yet to sales scandal costs, gets tax boost
NEW YORK (Reuters) – Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank’s reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.
Take Five: World markets themes for the week ahead
LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Rising rents, healthcare costs boost underlying U.S. inflation
WASHINGTON (Reuters) – Underlying U.S. consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.
Wall Street surges as consumer and bank stocks gain
(Reuters) – Wall Street’s main indexes surged on Friday as strong results for JPMorgan lifted financial stocks and robust retail sales data drove gains in consumer stocks.
Legendary investor Boone Pickens closes energy hedge fund amid setbacks
HOUSTON (Reuters) – Legendary investor T. Boone Pickens said on Friday he has closed his Dallas-based energy hedge fund amid health and financial setbacks.
U.S. agency probing 2018 VW Tiguan for seat belt issue: statement
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said Friday it has opened a preliminary investigation into whether seat belts on new 2018 Volkswagen Tiguan sport utility vehicles could fail during a crash.
