Slide in U.S. infrastructure stocks sign of ‘Trump trade’ weakness
NEW YORK (Reuters) – If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another.
Canada unveils wait-and-see budget amid U.S. policy uncertainty
OTTAWA (Reuters) – Canada’s Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve…
China’s ZTE Corp pleads guilty in U.S. court in sanctions case
NEW YORK (Reuters) – Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.
Healthcare bill woes could cause stocks correction: Blackstone’s Wien
NEW YORK (Reuters) – Hurdles to getting a key U.S. healthcare bill approved could precipitate a correction for stocks, said Byron Wien, veteran investor and vice chairman of Blackstone Advisory Partners.
With Sears’ future in doubt, vendors begin pulling back
(Reuters) – Suppliers to Sears Holdings Corp told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment as the company warned about its finances.
Trump Tantrum looms on Wall Street if healthcare effort stalls
NEW YORK (Reuters) – The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growt…
Verizon, AT&T suspend ads from Google over offensive videos
(Reuters) – U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google’s YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos.
Hospital, Medicaid insurer shares set for volatility as health vote nears
NEW YORK (Reuters) – The slumping U.S. healthcare stocks at the center of efforts to dismantle the Affordable Care Act are expected to stay volatile as Republican legislation heads into a vote on Thursday that could signal how protracted their battle t…
If healthcare vote fails, would jeopardize ‘Trump trades’: Gundlach
NEW YORK (Reuters) – If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put “a lot of doubt” on the “Trump trades,” which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach…
About 17,000 AT&T workers in California and Nevada go on strike
(Reuters) – About 17,000 AT&T Inc workers in California and Nevada went on strike on Wednesday, alleging that the company violated contract terms by forcing employees to do work outside their areas of expertise.
