U.S. wireless carriers dial back discounts on new iPhones
(Reuters) – U.S. consumers who want Apple Inc’s newest iPhones, including its most expensive model yet, the iPhone X, may find fewer deals as wireless carriers are less willing to offer subsidies on devices in a saturated market.
With or without Democratic director, U.S. consumer watchdog to be weakened
WASHINGTON (Reuters) – Whether or not Richard Cordray stays as head of the Consumer Financial Protection Bureau (CFPB) until his term ends in July, the agency’s ability to rein in Wall Street will be severely weakened, political insiders, lawyers and consumer advocates said.
Saudis prepare for possible delay to Aramco IPO: Bloomberg
(Reuters) – Saudi Arabia is preparing contingency plans for a possible delay to the planned initial public share offering of Saudi Aramco by a few months into 2019, Bloomberg reported on Wednesday, citing people familiar with the matter.
Difficult to cut U.S. corporate tax rate below 26 percent: study
WASHINGTON (Reuters) – U.S. President Donald Trump and Republicans in Congress would have a hard time slashing the corporate tax rate to below 26 percent, even if they eliminated nearly every business tax preference, according to a study released on We…
Wall Street hits record high – without help from Apple
NEW YORK (Reuters) – Wall Street edged up to a record high on Wednesday as gains in consumer discretionary and energy stocks offset losses in technology heavyweight Apple Inc.
Trump administration orders purge of Kaspersky products from U.S. government
WASHINGTON (Reuters) – The Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their networks, saying it was concerned the Moscow-based cyber security firm was vulnerable to Kremlin influence and that u…
Target to hire 100,000 for holiday season rush
(Reuters) – Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, up 43 percent from last year, as the retailer pulls out all the stops to build on its recent uptick in sales.
Tesla’s head of business development leaves after 11 years
SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday that long-time executive Diarmuid O’Connell, vice president of business development, had left after more than a decade at the electric car company.
Boeing to raise 787 output to 14 jets a month in 2019
(Reuters) – Boeing will raise its production of 787 Dreamliner passenger jets to 14 a month in 2019, Chief Executive Dennis Muilenberg said on Wednesday, pressing ahead with plans that had been placed on hold as it gauged demand for wide-body jets.
Apple halts Wall St. rally, but S&P ekes out record high
(Reuters) – U.S. stocks were little changed on Wednesday as Apple-led losses in tech stocks were offset by gains in consumer discretionary and energy stocks, which helped the S&P 500 inch up to a record intra-day high.
