Short sellers giving up on Twitter trade
SAN FRANCISCO (Reuters) – Short sellers have been closing their bets against Twitter Inc so far in 2017, possibly frustrated by a lack of volatility in the social network’s stock price.
U.S. can withhold some documents in Fannie, Freddie case: court
(Reuters) – A federal appeals court on Monday narrowed the range of documents that the U.S. government must turn over to investors suing over its August 2012 decision to seize the profits of mortgage giants Fannie Mae and Freddie Mac .
Wells Fargo replaces asset-based lending head
(Reuters) – Wells Fargo & Co’s asset-based lending head Guy Fuchs will resign, according to a bank spokesman.
Trump tweets drive day trading but leave math, computer whizzes sidelined
NEW YORK (Reuters) – Day traders love making bets on tweets from U.S. President Donald Trump, but some of the most prominent quantitative strategists from hedge funds and banks are not quite ready to make big, bold trades on his social media musings.
Ford Motor criticizes Trump immigration order
WASHINGTON (Reuters) – Ford Motor Co on Monday criticized President Donald Trump’s controversial immigration order, becoming one of the highest profile U.S. manufacturers to question the decision to temporarily ban travelers coming from seven predomin…
U.S. consumer spending, housing data bolster economic outlook
WASHINGTON (Reuters) – U.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to sustained domestic demand that could spur economic growth in early…
Deutsche Bank’s future capital needs uncertain: Handelsblatt
FRANKFURT (Reuters) – There is still some uncertainty over whether Deutsche Bank may need to increase its capital, management board member Christian Sewing was quoted as saying in German daily newspaper Handelsblatt.
Walgreens delays Rite Aid deal again, cuts offer price
(Reuters) – Drugstore chain Walgreens Boots Alliance Inc said its deal to buy smaller rival Rite Aid Corp would now take six months longer to close and reduced its offer price, as it expects to divest more stores to gain regulatory approval.
Snap selects New York Stock Exchange for IPO: source
(Reuters) – Snap Inc, the owner of the popular messaging service Snapchat, has chosen Intercontinental Exchange Inc’s New York Stock Exchange (NYSE) for its initial public offering (IPO), a person familiar with the matter said on Monday.
Bond markets set for a taste of the 60s as inflation picks up
LONDON (Reuters) – Inflation has a habit of creeping up on you. Just ask historians.
