News
  • Stocks pull back from record highs, set for second day of losses in new year
    Wed, 17 Jan 2018 05:03:48 -0500

    LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

  • Exclusive: GM, DHL use a Chinese plant to lead manufacturing change
    Wed, 17 Jan 2018 03:56:11 -0500

    LIUZHOU, China,  (Reuters) - Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.

  • Bitcoin jolted by regulation worries, falls 7 percent on extended selloff
    Wed, 17 Jan 2018 01:08:19 -0500

    TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

  • Big U.S. lenders reap benefits of higher rates, but savers not so much
    Wed, 17 Jan 2018 00:12:07 -0500

    NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

  • China luxury sales rebound as millennials snap up cosmetics, handbags: report
    Wed, 17 Jan 2018 01:02:45 -0500

    SHANGHAI (Reuters) - China's luxury goods market is back in fashion.

  • Britain needs to give companies more time to save Carillion-linked jobs: union
    Wed, 17 Jan 2018 05:28:48 -0500

    LONDON (Reuters) - The British government needs to allow more time for firms to take on workers whose jobs are threatened by the collapse of outsourcer Carillion , the head of one of Britain's biggest trade unions said on Wednesday.

  • U.S. charges former Barclays forex trader with fraud
    Wed, 17 Jan 2018 04:07:51 -0500

    LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

  • GE appoints new CEO for Europe
    Wed, 17 Jan 2018 05:09:05 -0500

    (Reuters) - Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.

  • GE reignites break-up talk after $11 billion insurance, tax hit
    Tue, 16 Jan 2018 17:39:05 -0500

    NEW YORK (Reuters) - General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

  • Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion
    Tue, 16 Jan 2018 19:09:47 -0500

    LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products.

  • 21 states sue to keep net neutrality as Senate Democrats reach 50 votes
    Tue, 16 Jan 2018 18:17:17 -0500

    (Reuters) - A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission's decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling.

  • #MeToo effect: Calls flood U.S. sexual assault hotlines
    Wed, 17 Jan 2018 06:04:46 -0500

    WASHINGTON (Reuters) - The phones at U.S. sexual assault hotlines have been ringing in record numbers as the #MeToo social movement spurs victims to reach out for help, sending organizations scrambling to keep up.

  • House Republicans mull funding extension; 'Dreamer' deal not set
    Tue, 16 Jan 2018 21:39:17 -0500

    WASHINGTON (Reuters) - House Republicans considered on Tuesday a stopgap bill to fund the U.S. government through Feb. 16 to avert a shutdown, but the measure would not include Democrats' demands for protections for young people brought to the United States illegally as children.

  • As Trump heads to Davos, survey points to rising risk of war
    Wed, 17 Jan 2018 04:03:34 -0500

    BERLIN (Reuters) - The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.

  • Former Trump aide Bannon refuses to comply with House subpoena
    Wed, 17 Jan 2018 01:47:15 -0500

    WASHINGTON (Reuters) - President Donald Trump's former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a U.S. House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S. election.

  • Bitcoin jolted by regulation worries, falls 7 percent on extended selloff
    Wed, 17 Jan 2018 01:08:19 -0500

    TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

  • Trump is fit for duty, but should hit the gym: White House doctor
    Tue, 16 Jan 2018 21:34:56 -0500

    WASHINGTON (Reuters) - U.S. President Donald Trump passed a test for signs of dementia and is in overall excellent health, but needs to shed weight by cutting calories, fats and carbohydrates and starting a daily exercise routine, the White House physician said on Tuesday.

  • North Korea to send cheerleaders to Olympics but Japan sees little to applaud
    Wed, 17 Jan 2018 03:38:12 -0500

    SEOUL (Reuters) - North Korea will send a 230-strong cheering squad to the Winter Olympics in the South next month, Seoul said on Wednesday after both sides held talks amid a thaw in inter-Korean ties and as Japan urged caution over the North's "charm offensive".

  • Big U.S. lenders reap benefits of higher rates, but savers not so much
    Wed, 17 Jan 2018 00:12:07 -0500

    NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

  • Ex-U.S. Navy officers face negligent homicide charges over ship collisions
    Tue, 16 Jan 2018 21:24:47 -0500

    WASHINGTON (Reuters) - The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday.

  • Fear the Unknown at General Electric
    Tue, 16 Jan 2018 16:38:39 EST

    GE’s nasty surprise raises deeper fears about the company and doubts about whether a breakup would preserve value for investors.

  • UnitedHealth Cashes In on Tax Cut
    Tue, 16 Jan 2018 13:12:22 EST

    Tax reform lived up to the hype for health insurers, as industry bellwether UnitedHealth reported higher-than-expected revenue in the fourth quarter and raised its forecast for 2018 by 17%.

  • Where Banks and Tech Are Going Head to Head
    Tue, 16 Jan 2018 10:54:28 EST

    New rules in Europe have opened a battleground between big tech and big banks over who will control consumers’ wallets.

  • U.S. Stocks Too Expensive? Try Japan
    Tue, 16 Jan 2018 06:47:18 EST

    Global equity markets look expensive and asset prices bloated, but Japan’s stock market still looks like it has room to run.

  • Trouble Ahead for the Treasury Market
    Mon, 15 Jan 2018 11:33:11 EST

    Inflation, less central bank bond buying, an increase in supply—there are plenty of reasons for Treasury yields to go a lot higher this year.

  • The Dollar's Decline Has a Flipside for Markets
    Tue, 16 Jan 2018 09:56:40 EST

    It isn’t a happy new year for dollar bulls, with the currency starting 2018 by falling to a three-year low. The weak dollar has consequences elsewhere for central banks and markets—but isn’t necessarily something to be feared.

  • Don't Fear a Biotech Correction
    Mon, 15 Jan 2018 08:33:15 EST

    Patience from biotechnology investors may be needed this year, but it will be rewarded in the long run.

  • Watch Where the Money Goes After SoftBank Telco IPO
    Mon, 15 Jan 2018 01:38:27 EST

    The Japanese tech conglomerate is considering listing its cash-cow domestic telecoms unit. That should help boost its valuation, but investors should watch it doesn’t waste the money raised

  • Bank on JPMorgan, Not Wells
    Fri, 12 Jan 2018 16:56:09 EST

    Fourth-quarter results for two of America’s largest banks highlight JPMorgan Chase’s resilience and Wells Fargo’s continued befuddlement..

  • Finally, a Clearer Picture on Inflation
    Sat, 13 Jan 2018 06:27:02 EST

    Janet Yellen can take a victory lap about inflation on her way out as Federal Reserve chairwoman. She has been saying the weakness in last year’s inflation readings was transitory, and she was right.

  • A Place Where Stocks Still Have Reason to Rally
    Fri, 12 Jan 2018 09:56:55 EST

    The breadth of the global economic growth pickup is lifting even longstanding laggards. European stocks are a case in point—but the potential for catch-up remains appealing.

  • Why Nvidia Shares Can't Rise Forever
    Fri, 12 Jan 2018 05:42:08 EST

    Chipmaker’s business should keep growing strong, but its expensive stock may be in for a breather.

  • Why Gucci Owner Wants to Kick Off Its Pumas
    Fri, 12 Jan 2018 09:35:15 EST

    Luxury group Kering is seizing the chance to offload Puma at a price that just about covers its purchase cost 11 years ago.

  • Chinese Tech Giant Tencent Issues Billions in Bonds
    Fri, 12 Jan 2018 06:23:13 EST

    Despite recent fear-mongering about overpricing, it and tech peers—hello, Alibaba—are turning to the roaring bond market.

  • Will Airlines Blow Their Tax Windfall?
    Thu, 11 Jan 2018 12:51:36 EST

    U.S. airlines are among the biggest beneficiaries of the tax plan. But investors worry that they also may be at the greatest danger of competing their tax gains away.

  • Xerox Should Look to Copy Fujifilm's Success
    Thu, 11 Jan 2018 15:25:57 EST

    The venerable U.S. company Xerox could find a tie-up with its longtime joint-venture partner Fujifilm helps it to reinvent itself.

  • How to Punish Auditors Behaving Badly
    Thu, 11 Jan 2018 11:17:13 EST

    A two-year ban in India for PwC makes a good headline, but the impact may be light. Auditors of public companies often fall short of investor expectations—as do their punishments.

  • Chinese Dragon Still Needs U.S. Treasurys for Its Hoard
    Thu, 11 Jan 2018 09:39:43 EST

    Conflicting media reports over the past 24 hours imply China may be considering buying fewer U.S. Treasurys. That matters less than the bond market seems to think.

  • Why the U.S. Smartphone Market Is Hard to Crack
    Wed, 10 Jan 2018 09:20:19 EST

    It may be of little comfort to Huawei now, but history shows that cracking the U.S. smartphone market takes more than money and friends.

  • Bond Markets Have Picked Up the Wrong Signal From Japan
    Fri, 12 Jan 2018 10:40:01 EST

    Investors should revisit the theory behind the Bank of Japan’s yield-curve-control policy before assuming it has changed track.

  • Real News on Fake Data in China
    Wed, 10 Jan 2018 04:04:35 EST

    Another big Chinese province has admitted to falsifying economic data. That doesn’t mean all Chinese economic data is useless. It does mean investors need to educate themselves on where to look, or risk missing big the boat on key shifts in global markets as China’s heft grows.

  • Is the Great Bond Blowout Finally Happening?
    Thu, 11 Jan 2018 17:18:50 EST

    The bond market has had an early alarm call in 2018. The 10-year U.S. Treasury yield has risen to its highest since March; bond guru Bill Gross says the move confirms a bear market. Bonds still have support, but that could erode quickly.

  • A Bright Christmas Reignites Nordstrom Buyout Hopes
    Wed, 10 Jan 2018 16:33:06 EST

    The Nordstrom family tried to do a $10 billion buyout in the fall but pessimism on retailers killed the deal. Now they would have to pay more to take the namesake department store chain private.

  • Earnings May Temper the Bank Rally
    Wed, 10 Jan 2018 05:33:03 EST

    Bank shares have been riding high, seen by investors as among the biggest beneficiaries of tax reform and a strengthening economy. But this enthusiasm could soon collide with just mediocre fundamentals.

  • Retail Apocalypse Delayed
    Tue, 09 Jan 2018 15:53:36 EST

    Retailers’ cheery holiday reports don’t eliminate their serious challenges.

  • Trump Gets a Reality Check on Deregulation
    Tue, 09 Jan 2018 14:21:39 EST

    The impetus behind the Federal Energy Regulatory Commission’s move to quash a move that would have kept some struggling coal and nuclear plants running may have been the opposition from the coalition of natural gas, oil and alternative-energy producers

  • Alibaba's Return Home Would Carry a Sting
    Tue, 09 Jan 2018 02:23:31 EST

    The city now appears ready to compromise on investor protection to make sure it doesn’t lose in the global race to attract tech listings.

  • The Business Cycle Is Different This Time---Thank China
    Tue, 09 Jan 2018 09:50:39 EST

    The business cycle hasn’t evaporated—it’s just at different points in the world’s two largest economies. That explains the mixed signals on global growth which are befuddling investors.

  • The Price Gap That's Squeezing the Auto Market
    Mon, 08 Jan 2018 10:59:36 EST

    The widening difference in prices between new and used cars augurs pain for auto-makers profits in the U.S.

  • Why Everything Is Still Awesome in Global Markets
    Mon, 08 Jan 2018 08:27:31 EST

    The calendar has rolled over but global markets are still thriving on the 2017 playbook. That means that big questions over why growth and inflation are so out of whack with each other remain unanswered.

  • GoPro: Too Focused
    Mon, 08 Jan 2018 23:32:49 EST

    Struggling camera maker’s failed efforts at diversification leave investors with little to hang on.

  • China's Electric Car Market Has Grown Up
    Thu, 11 Jan 2018 10:54:18 EST

    Beijing has offered the electric car market plenty of support, but there now appears to be solid demand from consumers to go green. That should give confidence to investors in the sector.

  • The High Stakes in the Looming Fannie and Freddie Overhaul
    Mon, 08 Jan 2018 11:32:22 EST

    A decade after the collapsing housing market led to a dramatic bailout of Fannie Mae and Freddie Mac, Congress is gearing up to tackle the politically thorny issue of housing finance reform in 2018.

  • Eight Things to Watch in Markets in 2018
    Mon, 01 Jan 2018 11:57:39 EST

    The Wall Street Journal’s Heard on the Street team evaluates the year ahead in markets. Here’s what you should watch, from wages to technology to the Chinese economy.

  • 21 states sue to keep net neutrality as Senate Democrats reach 50 votes
    Tue, 16 Jan 2018 18:17:17 -0500

    (Reuters) - A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission's decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling.

  • #MeToo effect: Calls flood U.S. sexual assault hotlines
    Wed, 17 Jan 2018 06:04:46 -0500

    WASHINGTON (Reuters) - The phones at U.S. sexual assault hotlines have been ringing in record numbers as the #MeToo social movement spurs victims to reach out for help, sending organizations scrambling to keep up.

  • House Republicans mull funding extension; 'Dreamer' deal not set
    Tue, 16 Jan 2018 21:39:17 -0500

    WASHINGTON (Reuters) - House Republicans considered on Tuesday a stopgap bill to fund the U.S. government through Feb. 16 to avert a shutdown, but the measure would not include Democrats' demands for protections for young people brought to the United States illegally as children.

  • As Trump heads to Davos, survey points to rising risk of war
    Wed, 17 Jan 2018 04:03:34 -0500

    BERLIN (Reuters) - The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.

  • Former Trump aide Bannon refuses to comply with House subpoena
    Wed, 17 Jan 2018 01:47:15 -0500

    WASHINGTON (Reuters) - President Donald Trump's former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a U.S. House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S. election.

  • Bitcoin jolted by regulation worries, falls 7 percent on extended selloff
    Wed, 17 Jan 2018 01:08:19 -0500

    TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

  • Trump is fit for duty, but should hit the gym: White House doctor
    Tue, 16 Jan 2018 21:34:56 -0500

    WASHINGTON (Reuters) - U.S. President Donald Trump passed a test for signs of dementia and is in overall excellent health, but needs to shed weight by cutting calories, fats and carbohydrates and starting a daily exercise routine, the White House physician said on Tuesday.

  • North Korea to send cheerleaders to Olympics but Japan sees little to applaud
    Wed, 17 Jan 2018 03:38:12 -0500

    SEOUL (Reuters) - North Korea will send a 230-strong cheering squad to the Winter Olympics in the South next month, Seoul said on Wednesday after both sides held talks amid a thaw in inter-Korean ties and as Japan urged caution over the North's "charm offensive".

  • Big U.S. lenders reap benefits of higher rates, but savers not so much
    Wed, 17 Jan 2018 00:12:07 -0500

    NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

  • Ex-U.S. Navy officers face negligent homicide charges over ship collisions
    Tue, 16 Jan 2018 21:24:47 -0500

    WASHINGTON (Reuters) - The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday.