Bill Gross of Janus blames Fed for ‘fake markets’
NEW YORK (Reuters) – Influential bond investor Bill Gross of Janus Henderson Investors said on Monday that financial markets are artificially compressed and capitalism distorted because of the U.S. Federal Reserve’s loose monetary policy.
Wall Street recedes from highs as quarterly reports loom
(Reuters) – Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks.
Wall Street ends lower; healthcare slides
NEW YORK (Reuters) – Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks.
Oil prices climb after OPEC signals possible deal extension
NEW YORK (Reuters) – Oil prices inched higher on Monday after one of the most bearish weeks in months, propped up by OPEC comments signaling the possibility of continued action to restore market balance in the long term.
GE names hedge fund Trian executive Ed Garden to board
(Reuters) – U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund’s chief investment officer to its board on Monday.
Apple praises French iPhone work before talking tax with Macron
PARIS (Reuters) – Apple boss Tim Cook went out of his way on Monday to single out a small French firm involved with innovative features in the latest iPhones ahead of meeting with President Emmanuel Macron, who has called for a tougher line on technol…
Investors boo cinema stocks after ‘Blade Runner 2049’ underwhelms
SAN FRANCISCO (Reuters) – Shares of cinema stocks dropped on Monday after domestic opening weekend ticket sales for science fiction sequel “Blade Runner 2049” fell short of expectations, the latest disappointment following an underwhelming U.S. summer …
UK discussing Monarch compensation with credit, debit card firms
LONDON (Reuters) – Britain’s transport minister said on Monday the costs of bringing home 110,000 customers of airline Monarch, which collapsed last week, were being discussed with credit and debit card companies.
GM to buy sensor-tech firm Strobe to speed up self-driving car push
DETROIT (Reuters) – No. 1 U.S. automaker General Motors Co said on Monday it would buy Strobe Inc, which uses LIDAR technology to help self-driving cars identify objects at a distance, to speed up development of autonomous vehicles and slash sensor c…
Wall Street little changed, with earnings in sight
(Reuters) – Wall Street was little changed in early afternoon trading on Monday as losses in healthcare stocks were offset by gains in technology shares, with the third-quarter earnings season looming.
