Wall Street ticks lower as Trump tax priorities unveiled
New York (Reuters) – U.S. stocks ticked lower on Wednesday following two sessions of strong gains as strong corporate earnings were offset by uncertainty over the feasibility of a proposed business tax cut.
Twitter posts strong user growth, shares soar
(Reuters) – Shares of Twitter Inc jumped on Wednesday after the microblogging service reported better-than-expected user growth in the first quarter, although its revenue fell for the first time.
China’s richest man deepens sports foray with global marathons deal
BEIJING (Reuters) – China’s Dalian Wanda Group, controlled by the country’s richest man Wang Jianlin, has signed a deal to sponsor races with the world’s top organizer, Abbott World Marathon Majors (WMM), the latest move by Wanda to expand its global s…
Trump’s plan to slash business taxes seen as ‘guidepost’ by congressional Republicans
WASHINGTON (Reuters) – President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and fina…
Acquisitions help Nasdaq beat profit estimates
(Reuters) – Nasdaq Inc posted a better-than-expected quarterly profit as the transatlantic exchange operator benefited from its acquisitions.
PepsiCo profit beats but lower margins weigh on shares
(Reuters) – PepsiCo Inc’s quarterly revenue and profit beat estimates on demand for its healthier drinks and snacks and higher pricing in North America, but a contraction in the company’s gross margins weighed on shares.
U.S. Congress may seek one-week funding extension to avert shutdown
WASHINGTON (Reuters) – The U.S. Congress inched toward a deal to fund the government through September but was preparing to possibly extend a midnight Friday deadline in order to wrap up negotiations and avoid an imminent government shutdown.
Tesla Model S loses top rating from Consumer Reports over brake issue
DETROIT (Reuters) – Tesla Inc has lost its top safety rating from Consumer Reports, which said the electric carmaker failed to install an emergency braking feature that it promised to owners as standard equipment.
Exclusive: A New York hotel deal shows how some public pension funds help to enrich Trump
WASHINGTON (Reuters) – Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump’s companies to run it, according to a Reuters review of …
Ex-Jefferies Group trader sentenced to two years for fraud
NEW HAVEN, Conn. (Reuters) – A federal judge in Connecticut on Wednesday sentenced a former Jefferies Group bond trader to serve two years in prison and pay a $2 million fine after he was found guilty earlier this year of defrauding customers on bond p…
