Two Wall Street giants criticize Trump tax plan
WASHINGTON (Reuters) – President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corp…
Short sellers ‘clamoring’ to borrow Roku shares: S3 Partners
SAN FRANCISCO (Reuters) – Traders on Tuesday were “clamoring” to borrow shares of Roku in order to sell them short following the video-streaming company’s initial public offer last week, according to S3 Partners.
Tesla shares recover from bottleneck fears
(Reuters) – Investors put aside worries about Tesla Inc meeting production targets for its Model 3 mass-market sedan to push the electric car maker’s shares higher on Tuesday, overturning an initial drop of almost 3 percent.
Uber promises to make things right in London after ‘constructive’ license meeting
LONDON (Reuters) – Uber promised to make things right in London after its new global boss had a “constructive” meeting with the city’s transport regulator to try to hold on to the app’s operating license in one of its main foreign markets.
Divided U.S. solar sector debates tariffs at hearing
(Reuters) – U.S. solar manufacturers seeking tariffs and other trade remedies on cheap foreign-made panels made their case to a government commission on Tuesday, saying competition from China and elsewhere has left the domestic industry on the verge of…
EU to tell Amazon to pay Luxembourg back taxes: source
BRUSSELS (Reuters) – EU regulators are expected to order Amazon on Wednesday to pay Luxebourg millions of euros in back taxes, a person familiar with the matter said, the latest global company to be hit by an EU crackdown on unfair tax deals.
Wells Fargo CEO defends leadership in heated Senate appearance
(Reuters) – U.S. senators grilled Wells Fargo & Co Chief Executive Tim Sloan on Tuesday about what he had done to change the bank’s culture after a sales practices scandal erupted last year, with one senior Democratic lawmaker calling for his ouster.
Wall Street hits new record as techs, autos rise
(Reuters) – U.S. stock indexes touched new record highs on Tuesday, boosted by a rally in tech stocks and gains in Ford Motor and General Motors after strong September vehicle sales.
Former Equifax chief apologizes to Congress over hack
WASHINGTON (Reuters) – The former head of Equifax Inc apologized repeatedly on Tuesday at a congressional hearing for the theft of millions of people’s personal data in a hacking breach, saying it took weeks for the credit bureau to understand the ext…
Hurricane recovery boosts U.S. September new auto sales
DETROIT (Reuters) – Major automakers on Tuesday posted higher U.S. new vehicle sales in September, as consumers in hurricane-hit parts of the country, in particular southeast Texas, rushed to replace flood-damaged cars.
