Tuesday 26 June 2018

Energy leads Wall St rebound as trade worries ease

Energy leads Wall St rebound as trade worries ease

NEW YORK (Reuters) - U.S. stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on spiraling global trade tensions.

GE breakup leaves it with best and worst performers

(Reuters) - General Electric Co said on Tuesday it will spin off its healthcare business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power.

Trump threatens Harley-Davidson over European production move

WASHINGTON/CHICAGO (Reuters) - U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backlash if it went ahead with a plan to move production for European customers overseas.

Battery in fatal Tesla crash in Florida reignited twice: NTSB report

WASHINGTON (Reuters) - A Tesla Inc Model S involved in a May 8 fatal high-speed crash in Florida reignited twice after firefighters extinguished a fire in the electric vehicle, the National Transportation Safety Board (NTSB) said in a preliminary report on Tuesday.

Automakers to warn Trump of $45 billion higher vehicle costs if tariff imposed

WASHINGTON (Reuters) - An automotive trade group said on Tuesday it would tell the Trump administration that a U.S. threat to impose a tariff of up to 25 percent on imported passenger vehicles under national security grounds would cost American consumers $45 billion annually, or $5,800 per vehicle.

Facebook eases ban on cryptocurrency related ads

(Reuters) - Facebook Inc on Tuesday decided to allow certain ads promoting cryptocurrency and related content from pre-approved advertisers, but would continue its ban on those tied to binary options and initial coin offerings.

Ex-State Street executive convicted in U.S. of hidden fee fraud

BOSTON (Reuters) - A former State Street Corp executive was convicted on Tuesday of participating in a scheme to defraud several of the bank's customers by charging them secret commissions on billions of dollars of trades.

Trump says CFIUS can protect U.S. technology from Chinese acquisitions

WASHINGTON (Reuters) - President Donald Trump said on Tuesday that sensitive U.S. technology can be protected from acquisition by China through the committee that scrutinizes foreign acquisitions of American companies, but the ultimate method was still being worked out.

Put on probation, Uber wins London license to avoid ban

LONDON (Reuters) - Uber Technologies Inc won a probationary licence to operate in London on Tuesday in a partial victory for its new chief executive after it made changes to ease strained relations with city authorities.

Trump says finishing U.S. study on tariffs on cars from EU

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon.

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