MLPs poised for bounce, but could be short-lived
NEW YORK (Reuters) – Master limited partnerships (MLPs) have been beaten down in 2017, but conditions may be turning in their favor for a short-term bounce by year-end.
Dow, S&P slip on tax bill worries; Nvidia boosts Nasdaq
(Reuters) – The benchmark S&P 500 and the blue-chip Dow indexes were lower in afternoon trading on Friday as investors continued to grapple with concerns over a delay in corporate tax cuts, while the Nasdaq pared losses, helped by gains in Nvidia and media stocks.
GE cutting staff ahead of new CEO’s Monday overhaul: sources
NEW YORK (Reuters) – General Electric Co is laying off sales staff and other employees in its software division, according to people familiar with the matter, ahead of new Chief Executive John Flannery’s expected announcement on Monday of a plan to sl…
German regulator launches another probe into VW over scandal
BERLIN (Reuters) – Germany’s financial watchdog said on Friday it was investigating whether Volkswagen illegally disclosed information about its emissions scandal to third parties, adding to the carmaker’s legal headaches more than two years after the …
China’s 24-hour online shopping binge tops $1.5 billion in first three minutes
SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles’ Day, an annual online discount sales gala that has become the world’s biggest shopping spre…
Wall Street falls on tax bill worries; media stocks climb
(Reuters) – Wall Street declined on Friday as the markets grappled with concerns over delays in corporate tax cuts but a rise in media stocks helped limit the slide.
Disney shares rise as focus turns to streaming commitment
(Reuters) – Walt Disney’s shares rose 3 percent on Friday, as Wall Street shrugged off poor financial results and focused instead on the media giant’s commitment to build a service that will compete aggressively with video streaming pioneer Netflix.
Nvidia shares set record as Volta chips ensure future growth
(Reuters) – Shares of Nvidia Corp hit a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars.
Amazon seeks staff in European insurance push
LONDON (Reuters) – Amazon.com Inc is expanding its nascent European product insurance business, according to recent job adverts, which industry watchers say could signal the start of broader ambitions in insurance.
Wall Street down on signs of delay in corporate tax cuts
(Reuters) – Wall Street edged lower at the open on Friday hurt by signs of delay in corporate tax cuts until 2019, which may stall the market rally.
