Apple touches record as brokerages bullish on iPhone X demand
(Reuters) – Several analysts downplayed concerns about Apple Inc’s iPhone X production issues and were bullish on demand and sales, pushing the company’s shares to a record on Monday.
Cancer-drug setback sends Merck shares down again
NEW YORK (Reuters) – A setback for Merck & Co’s key cancer drug sent the drugmaker’s stock swooning on Monday for a second straight session, putting the shares on track for their biggest two-day decline in more than eight years.
Tech stocks rise; broader gains capped by Russia probe
(Reuters) – An Apple-led surge in technology stocks lifted the Nasdaq to a record high on Monday, while the Dow and the S&P were weighed down by losses in healthcare stocks.
U.S. consumer spending grows at fastest pace since 2009, savings drop
WASHINGTON (Reuters) – U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.
Wall Street 2017 profits set to surpass last year’s: report
(Reuters) – Wall Street profits for 2017 are set to exceed that of 2016, according to a report on Monday from New York State Comptroller Thomas P. DiNapoli.
Investor group presses U.S. drug companies on opioid controls
BOSTON (Reuters) – U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the sector.
Apple’s Cook, Facebook’s Zuckerberg meet China’s Xi in Beijing
SHANGHAI (Reuters) – Apple Inc chief executive Tim Cook and Facebook Inc’s Mark Zuckerberg met Chinese President Xi Jinping on Monday at an annual gathering of advisers to Beijing’s Tsinghua University business school.
Wall Street opens lower amid Russia probe, Fed pick
(Reuters) – Wall Street opened lower on Monday, pulling back from a strong rally last week, as investors assessed the fallout of the first charges in connection with a probe into possible Russian meddling in the 2016 U.S. presidential election.
Goldman CEO has high hopes for London HQ post-Brexit, much outside his control
LONDON (Reuters) – Goldman Sachs chief executive Lloyd Blankfein expects to fill the firm’s new European headquarters which is currently under construction in London, but said Britain’s exit from the European Union left much outside the bank’s control…
U.S. consumer spending grows at fastest pace since 2009
WASHINGTON (Reuters) – U.S. consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced flood-damaged motor vehicles, but underlying inflation remained muted.
