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Updated: 1 hour 56 min ago

China says ready to defend its interests in U.S. trade spat

5 hours 55 min ago
BEIJING (Reuters) - The United States has violated international trade rules with an inquiry into intellectual property and China is ready to defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin, state media said on Saturday.
Categories: Business News

Globalists buck U.S. index fund trend

Fri, 03/23/2018 - 19:12
NEW YORK (Reuters) - Volatility in U.S. equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds.
Categories: Business News

Musk deletes Facebook pages of Tesla, SpaceX after challenged on Twitter

Fri, 03/23/2018 - 19:04
(Reuters) - Verified Facebook pages of Elon Musk's rocket company SpaceX and electric carmaker Tesla Inc disappeared on Friday, minutes after the Silicon Valley billionaire promised on Twitter to take down the pages when challenged by users.
Categories: Business News

Boeing set to win American wide-body jet order: sources

Fri, 03/23/2018 - 17:42
PARIS/NEW YORK (Reuters) - Boeing Co is close to winning a keenly fought contest to supply 787 Dreamliner jets to American Airlines , beating European competition from the Airbus A330neo, three people familiar with the matter said.
Categories: Business News

Wall Street nosedives as investors flee on trade war fears

Fri, 03/23/2018 - 17:40
NEW YORK (Reuters) - Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential U.S. trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses.
Categories: Business News

Dropbox shares close up 35 percent in biggest tech debut since Snap

Fri, 03/23/2018 - 16:24
(Reuters) - Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished.
Categories: Business News

Wall Street tumbles on trade war fears; tech, financials weigh

Fri, 03/23/2018 - 15:34
NEW YORK (Reuters) - Wall Street's three major indexes tumbled in late afternoon trading on Friday as investors shied away from risky bets going into the weekend while they braced for a potential U.S. trade war with China.
Categories: Business News

Qualcomm re-elects board of directors with tepid support

Fri, 03/23/2018 - 15:16
SAN DIEGO (Reuters) - Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd .
Categories: Business News

U.S. lawmakers formally ask Facebook CEO to testify on user data

Fri, 03/23/2018 - 15:09
WASHINGTON (Reuters) - U.S. lawmakers on Friday formally asked Facebook Inc's Mark Zuckerberg to explain at a congressional hearing how 50 million users' data got into the hands of political consultancy Cambridge Analytica.
Categories: Business News

Canada calls end to trade case positive for 'longstanding' Boeing ties

Fri, 03/23/2018 - 13:34
MONTREAL, OTTAWA (Reuters) - Canada on Friday welcomed as a "positive development" in its long ties with Boeing a decision by the U.S. planemaker to end a trade dispute over sales of Bombardier CSeries jets in the United States.
Categories: Business News

Spotify says about two million users blocked ads without paying

Fri, 03/23/2018 - 13:29
(Reuters) - Spotify Technology SA said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company.
Categories: Business News

Bank of America pays $42 million fine in New York 'masking' probe

Fri, 03/23/2018 - 12:52
NEW YORK (Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York's attorney general that it fraudulently routed clients' stock trades to outside firms, including one run by swindler Bernard Madoff.
Categories: Business News

Dropbox shares surge in biggest tech debut since Snap

Fri, 03/23/2018 - 12:45
(Reuters) - Dropbox Inc's shares soared by as much as 50 percent in their first day of trading on Friday as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider tech sector languished.
Categories: Business News

Qualcomm re-elects 10 existing directors to board at annual meeting

Fri, 03/23/2018 - 12:41
(Reuters) - Qualcomm Inc shareholders on Friday re-elected 10 directors to the company's board at the mobile chipmaker's annual meeting.
Categories: Business News

Nike, energy stock help Wall St steady, but chip stocks weigh

Fri, 03/23/2018 - 11:48
(Reuters) - Nike and energy companies led modest gains in U.S. stocks on Friday, amid lingering fears of a trade war, although a Micron-led slump in semiconductor companies kept gains in check.
Categories: Business News

Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

Fri, 03/23/2018 - 11:24
(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank's lackluster performance in 2017.
Categories: Business News

U.S. House panel formally asks Facebook CEO to testify on user data

Fri, 03/23/2018 - 10:26
WASHINGTON (Reuters) - The leaders of the U.S. House Energy and Commerce Committee on Friday wrote Facebook Inc chief executive Mark Zuckerberg detailing new concerns about the social media company's use of data and formally requesting that he testify at a future hearing.
Categories: Business News

End to Boeing trade case good news for aerospace: Bombardier

Fri, 03/23/2018 - 09:49
MONTREAL (Reuters) - Boeing Co's decision to end its trade case over the sale of Bombardier CSeries jets to U.S. carriers is good news for the aerospace industry and the public, the Canadian plane and train maker said on Friday.
Categories: Business News

Dropbox heads for trading debut after upsized IPO pricing

Fri, 03/23/2018 - 09:47
(Reuters) - Having topped expectations with the upsized price of its initial public offering, Dropbox Inc on Friday faces its next big challenge: a successful launch of trading when global stock markets are on the defensive and tech shares are particularly soft.
Categories: Business News

Nike, Facebook lead Wall Street higher at the open

Fri, 03/23/2018 - 09:38
(Reuters) - Wall Street's main indexes opened higher on Friday, helped by gains in Nike and Facebook , after steep losses a day earlier on fears of a global trade war after the United States slapped tariffs on Chinese imports.
Categories: Business News