Wall Street closes higher on big tech boost
NEW YORK (Reuters) – Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica jumped after earnings.
Bitcoin flirts with $16,000, alarm bells ring louder
LONDON/NEW YORK (Reuters) – Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.
Exclusive: Wells Fargo sanctions are on ice under Trump official – sources
WASHINGTON (Reuters) – The new acting head of the U.S. consumer finance watchdog is reviewing whether Wells Fargo & Co should pay tens of millions of dollars over alleged mortgage lending abuse, according to three sources familiar with the dispute.
Exclusive: Uber’s Chinese rival Didi Chuxing to enter Mexico next year – sources
MEXICO CITY/SAN FRANCISCO (Reuters) – Didi Chuxing, China’s ride-hailing behemoth, plans to expand into Mexico next year, intensifying its global rivalry with Uber, according to two sources familiar with the plans.
AT&T/Time Warner antitrust trial set for March
WASHINGTON (Reuters) – The trial to determine if the U.S. Department of Justice can stop AT&T Inc’s $85 billion purchase of media company Time Warner Inc will begin on March 19 with no decision expected before the companies’ April 22 deadline to complete the deal, a federal judge said on Thursday.
Wall Street rising: Facebook, Alphabet gain
(Reuters) – Wall Street rose on Thursday, buoyed by popular technology companies including Facebook and Alphabet, while shares of yoga pants seller Lululemon Athletica also warmed up.
Morgan Stanley fires former lawmaker for misconduct
NEW YORK (Reuters) – Morgan Stanley has fired former U.S. Democratic lawmaker Harold Ford, Jr., a managing director at the Wall Street bank, for inappropriate conduct, a spokeswoman said on Thursday.
LendingClub shares take a hit from disappointing forecast
(Reuters) – Shares of LendingClub Corp hit a record low on Thursday after the online lender raised its loss estimate and cut its revenue forecast for the fourth quarter.
Wall Street higher as technology stocks gain ground
(Reuters) – U.S. stocks edged higher in early afternoon trading on Thursday as popular technology stocks gained a firm footing after a bout of selloff and industrial stocks rose.
New York pension fund seeks more pay disclosure from Wells Fargo
(Reuters) – New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.
