Friday, 20 April 2018

Trump rails against high oil prices, OPEC pushes back

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.

Wall Street falls on investor nerves about interest rates, tech

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

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.

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.

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. 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.

Wells Fargo agrees to pay $1 billion to settle customer abuses

(Reuters) - Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday.

DOJ said to investigate AT&T, Verizon over wireless collusion claim: NYT

(Reuters) - The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T , Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, the New York Times reported on Friday, citing six people with knowledge of the inquiry.

GE profit tops estimates as cost-cutting kicks in

(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.

Japan's Takeda sweetens $62 billion Shire offer

TOKYO/LONDON (Reuters) - Japan's Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds ($62 billion) on Friday to try to persuade the rare-disease drugs specialist into talks after it rejected three previous proposals.

Related Videos

Consumer staples stocks face headwinds, says Shawn Cruz

Wells Fargo hit with record $1 billion fine

Read Reuters on the go

Download the free Reuters News app today for breaking news, analysis and market data from the world's most trusted news organization.

Get the app