Gundlach warns Trump ‘does not have a magic wand’ to spur growth
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on an investor webcast on Tuesday that a reversal of support for Donald Trump could take hold as expectations are dashed that the newly president-elect can quickly spu…
Exxon in negotiations with Chad over record $74 billion fine: Bloomberg
(Reuters) – Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday.
Snapchat files for one of the biggest tech IPOs in years: sources
(Reuters) – Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.
Wall Street rises, lifted by technology and energy stocks
(Reuters) – U.S. stocks rose on Tuesday, with the Dow registering its fourth consecutive record high close as tech stocks rebounded from a post-election battering and energy stocks were boosted by a sharp rise in oil prices.
Exclusive: EU regulators seen clearing $25 billion Abbott, St Jude deal: source
(Reuters) – EU antitrust regulators are expected to give conditional clearance to U.S. medical device maker Abbott Laboratories’ $25 billion bid for rival St. Jude Medical Inc , a person familiar with the matter said on Tuesday.
Ford going ahead with moving small car production to Mexico: CEO
LOS ANGELES (Reuters) – Ford Motor Co is moving ahead with plans to shift production of small cars to Mexico from Michigan, while “two very important products” will be built in its U.S. factories, Chief Executive Officer Mark Fields told Reuters on Tue…
Republicans to U.S. securities regulator: Leave new rules to Trump
WASHINGTON (Reuters) – Republican lawmakers told the top U.S. securities regulator on Tuesday they are concerned her agency will rush out new rules in the final weeks that President Barack Obama, a Democrat, holds the Oval Office.
SEC approves ‘Hubble Telescope’ for securities markets
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission voted on Tuesday to approve a massive stock and options trading database, prompted by the 2010 “flash crash,” aimed at helping regulators police the increasingly fast, fragmented and comp…
Strong U.S. retail sales reinforce December interest rate hike
WASHINGTON (Reuters) – U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month….
Google announces artificial intelligence group for Google Cloud
(Reuters) – Alphabet’s Google announced the formation of an artificial intelligence group for Google Cloud, the tech company’s latest gambit to increase its market share in the lucrative cloud computing business.
