Wednesday 23 May 2018

Wall St. ends up as Fed seen keeping gradual approach to rate hikes

Wall St. ends up as Fed seen keeping gradual approach to rate hikes

NEW YORK (Reuters) - U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes.

China signals to state giants: 'Buy American' oil and grains

SINGAPORE/BEIJING (Reuters) - China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

Comcast prepares to top Disney's $50 billion offer for Fox

(Reuters) - Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox , setting up a bidding war with rival Walt Disney Co , which already has agreed to a $52-billion deal with Fox.

Trump administration weighs new tariffs on imported vehicles: WSJ

(Reuters) - U.S. President Donald Trump's administration is weighing a plan that would impose new tariffs on imported vehicles on national security grounds, the Wall Street Journal reported on Wednesday.

Tesla shares seen rising despite 'fever pitch' of bad news: analyst

SAN FRANCISCO (Reuters) - Negative news stories about Tesla Inc have hit "fever pitch", but the electric carmaker's stock price is likely to surge as output of its Model 3 sedan improves, according to an analyst research report.

Uber trims losses and grows business, plans new stock sale

SAN FRANCISCO (Reuters) - Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets has not slowed its business.

Uber ends Arizona self-driving program following fatality

SAN FRANCISCO (Reuters) - Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.

Deutsche Bank looks to cut 10,000 jobs to reduce costs: source

FRANKFURT (Reuters) - Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.

Ackman takes stake in Lowe's, stock price surges

(Reuters) - Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , boosting the U.S. home improvement retailer's stock by 10.4 percent.

U.S. Senate panel to hold hearing on Sprint T-Mobile merger

WASHINGTON (Reuters) - A U.S. Senate committee plans to hold a hearing on June 27 on the proposed $26.5 billion merger of U.S. wireless carriers T-Mobile US and Sprint Corp .

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