Futures edge up, S&P set for record open
(Reuters) – U.S. stock futures edged higher on Tuesday, keeping alive Wall Street’s 2018 winning streak that is powered by robust economic data and expectations of earnings boost from corporate tax cuts.
Target’s holiday sales rise 3.4 percent, boosts profit forecast
(Reuters) – Target Corp on Tuesday said its comparable store sales for November and December rose 3.4 percent, driven by strong traffic growth and online sales, leading it to raise its fourth quarter profit forecast.
BoJ’s tweak buoys yen, stocks rally rumbles on
LONDON (Reuters) – A tweak to the Bank of Japan’s bond-buying program caused the yen to rise on Tuesday, while gains from commodity stocks as oil hit its highest since 2015 helped world shares maintain their flying start to the year.
Tesco top in UK Christmas trading battle: Kantar Worldpanel
LONDON (Reuters) – Britain’s biggest supermarket group Tesco was the best performer over Christmas, Kantar Worldpanel said on Tuesday, with a 3.1 percent rise in sales in the past 12 weeks beating its “big four” rivals Sainsbury’s, Asda and Morrisons….
Alibaba will ‘seriously consider’ Hong Kong listing, says founder Ma
SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings.
Abu Dhabi’s Etihad appoints former JetBlue executive as group CFO
Abu Dhabi (Reuters) – Abu Dhabi’s Etihad Airways said on Tuesday it appointed former JetBlue executive Mark Powers as its new group chief financial officer.
Intel says Mobileye’s autonomous driving tech to be used in two million vehicles
(Reuters) – Intel Corp Chief Executive Brian Krzanich said on Monday 2 million vehicles from BMW , Nissan Motor Co Ltd and Volkswagen AG would use its unit Mobileye’s autonomous vehicle technology to crowdsource data for building maps that enable au…
GM races to build a formula for profitable electric cars
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021.
Samsung Electronics unveils driverless car parts, infotainment platform
(Reuters) – Samsung Electronics Co Ltd unveiled its first set of components for autonomous driving and infotainment solutions developed with Harman International, which it bought about a year ago in a major push into the auto electronics market.
Alibaba founder Ma says will ‘seriously consider’ Hong Kong listing
SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, marking a potential boon for the financial hub which recently decided to move towards allowing dual-class share listings.
