Reuters Business Today: April 13, 2017

Click to View in Browser Thursday, April 13, 2017 U.S. labor market tightening, inflation trending higher WASHINGTON (Reuters) - The number of Americans filing for unemployment aid unexpectedly fell last week and consumer sentiment rose early this month amid continued optimism over household finances, suggesting a sharp slowdown in job growth in March was an aberration. Wall Street slides as investors weigh bank results, global risks (Reuters) - Major U.S. stock indexes fell on Thursday for a third straight day as investors weighed earnings reports from big U.S. banks and geopolitical tensions, while the tech sector fell for a tenth consecutive session. Tesla jumps after Elon Musk teases commercial truck, pickup SAN FRANCISCO (Reuters) - Shares of Tesla jumped nearly 3 percent on Thursday after Chief Executive Elon Musk said the electric car company expects to unveil its planned commercial truck in September. Loan growth stalls despite profit, trading gains at some U.S. banks NEW YORK (Reuters) - Big U.S. banks revealed more evidence of a slowdown in loan growth in their earnings reports on Thursday, though executives assured there is still healthy demand from borrowers and no reason to worry about the state of the economy. T-Mobile, Dish bid $14 billion in U.S. airwaves auction: FCC NEW YORK (Reuters) - T-Mobile US Inc bid $8 billion and Dish Network Corp $6.2 billion to win the bulk of broadcast airwaves spectrum for sale in a government auction, the U.S. Federal Communications Commission said on Thursday. Wells Fargo's profit flat as costs, mortgages weigh (Reuters) - Wells Fargo & Co posted flat quarterly earnings on Thursday and warned its costs would remain elevated as the fallout from a sales practices scandal continues to impact the third-largest U.S. bank. U.S. producer prices post first drop in seven months WASHINGTON (Reuters) - U.S. producer prices fell in March for the first time in seven months, weighed down by a drop in the cost of services and energy products, but the 'Trump Trade' winners switch into battered retail, biotech shares NEW YORK (Reuters) - Some of the actively managed funds that have performed the best since the Nov. 8 presidential election are switching from "Trump Trade" bets on financial and infrastructure stocks into beaten-down sectors such as retail, apparel or biotech. New Boeing 737 makes first flight as larger version moves ahead SEATTLE/SYDNEY (Reuters) - A new version of Boeing Co's 737 jetliner took off for the first time on Thursday, marking another step in Boeing's revamp of its best-selling product line that could see up to five new models introduced by 2020. AIG's board denies CEO 2016 cash bonus after dismal earnings (Reuters) - American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. Related Video United passenger suffered concussion, broken nose: lawyer Breakingviews TV: Bank bonanza Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook