‘Trump Trade’ returns? Small-cap stocks rally on hopes of tax deal
NEW YORK (Reuters) – With time running out before Congress turns its attention to the 2018 mid-term elections, small-cap stocks are increasingly acting as a bellwether for the market’s expectations that the Trump Administration will reach a deal to sig…
Energy stocks help Wall St. rein in losses; consumer shares weigh
(Reuters) – The S&P and Dow clawed back earlier losses to trade little change on Thursday morning, helped by a jump in energy stocks as oil prices jumped, but the Nasdaq was kept lower by a drop in consumer discretionary shares.
Brazil’s JBS holds off succession talk while CEO requests release: source
SAO PAULO (Reuters) – The board of Brazilian meatpacker JBS SA will delay discussing replacement of Chief Executive Wesley Batista while it awaits a ruling on a motion to release him from jail on charges of insider trading, said a person with knowledge…
FTC probes Equifax, top Democrat likens it to Enron
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc’s massive data breach, and a top Democrat suggested the credit-monitoring company’s corporate leaders might need to resign.
Daimler delivers first electric trucks: ‘The game has started.’
DETROIT (Reuters) – Daimler AG on Thursday said United Parcel Service Inc will be the first U.S. commercial customer for its new battery-powered eCanter truck, and the company will expand its electric truck production as lower cost, longer-range batte…
Bitcoin exchange BTCChina says to stop trading, sparking further slide
BEIJING/SHANGHAI/LONDON (Reuters) – Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs …
EU to make banks pay to centralize markets supervision
LONDON (Reuters) – The European Union wants to centralize market supervision and make banks pay for it, the bloc’s financial services chief said, signaling how it will seek to regroup after Britain leaves.
Ex-AIG chief Greenberg can pursue Spitzer defamation lawsuit
NEW YORK (Reuters) – Maurice “Hank” Greenberg, former chief executive of American International Group Inc , may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled.
Energy stocks helps Wall St. rein in losses; consumer shares weigh
(Reuters) – The S&P and Dow clawed back earlier losses to trade little change on Thursday morning, helped by a jump in energy stocks as oil prices jumped, but the Nasdaq was kept lower by a drop in consumer discretionary shares.
Federal Trade Commission probes Equifax hack, shares tumble
WASHINGTON (Reuters) – The Federal Trade Commission said on Thursday it has opened an investigation into the massive data breach at Equifax Inc , in a rare public disclosure that sent shares tumbling to their lowest in more than two years.
