Friday, 20 April 2018

Daily Investor Update: Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

WASHINGTON (Reuters) - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.

Wall Street slides as tech stumbles, Treasury yields climb

NEW YORK (Reuters) - Wall Street's three major indexes declined on Friday, as investors worried about a jump in U.S. bond yields and technology stocks led the decline on nerves about upcoming earnings reports and iPhone demand.

Oil recovers after sliding on Trump tweet criticizing OPEC

NEW YORK (Reuters) - Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump's criticism of OPEC's role in pushing up global oil prices.

Trump rails against high oil prices, OPEC pushes back

WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters.

P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

Tech weakness drags on stocks; oil recovers after Trump remarks

NEW YORK (Reuters) - World stocks dipped on Friday as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices dipped and then recovered after U.S. President Donald Trump sent them lower with a tweet criticizing OPEC.

Tech tumbles ahead of crucial week for quarterly results

SAN FRANCISCO (Reuters) - U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel.

U.S. banks push mortgage apps as home lending slows

NEW YORK (Reuters) - Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.

U.S. questions COSCO's takeover of California cargo terminal: WSJ

(Reuters) - A U.S. national security review has raised concerns about a takeover by China's COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday.

Flat yield curve? Not to worry, Fed policymakers say

CHICAGO/SAN FRANCISCO (Reuters) - As the gap between short- and long-term borrowing costs hovers near its lowest in 10 years, some investors worry the so-called yield curve is flashing red: that a recession, always preceded by such a flattening, could be around the corner.

U.S. dollar net shorts hit highest in 6-1/2 yrs -CFTC, Reuters

NEW YORK, April 20 (Reuters) - Speculators' net short dollar position surged to its highest level since August 2011 in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

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