Tuesday, 1 May 2018

T-Mobile's quarterly revenue beats estimates

T-Mobile's quarterly revenue beats estimates

(Reuters) - Wireless carrier T-Mobile US Inc , which is buying smaller rival Sprint Corp , topped Wall Street estimates for revenue as it added more postpaid phone subscribers with competitively priced plans.

U.S. commerce secretary says 5G priority for Trump administration

WASHINGTON (Reuters) - The U.S. commerce secretary said on Tuesday that building a next-generation 5G mobile network was a priority for President Donald Trump's administration, boosting the argument behind the proposed merger of wireless carriers Sprint Corp and T-Mobile US Inc .

U.S. extended tariffs exemption for EU due to good trade talks: Ross

WASHINGTON (Reuters) - The European Union's exemption from U.S. steel and aluminum tariffs was extended because of promising trade talks with Washington, U.S. Commerce Secretary Wilbur Ross said on Tuesday, adding that he does not expect the practice to continue.

Snap's user growth misses analyst forecasts, shares plunge

(Reuters) - Snap Inc's user and revenue growth fell short of analysts' expectations for the first quarter after a widely panned redesign of its Snapchat messaging app, sending its shares tumbling more than 10 percent.

S&P, Nasdaq advance on trade optimism, Dow dips

NEW YORK (Reuters) - The S&P 500 eked out a gain on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.

Cold snap for U.S. April auto sales instead of spring thaw

DETROIT (Reuters) - Most major automakers on Tuesday posted lower new U.S. vehicle sales for April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry.

Dollar turns positive for 2018, U.S. stocks mostly lower

NEW YORK (Reuters) - The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.

Weinstein Company set to be bought by Lantern Capital: sources

(Reuters) - Private equity firm Lantern Capital is nearing a deal to acquire the Weinstein Company, the TV and film studio that filed for bankruptcy after its co-founder Harvey Weinstein was accused of sexual assault, with a $310 million offer, people familiar with the matter said.

No more #Euroboom? No problem, say investors

LONDON (Reuters) - Signs of fading growth momentum across Europe have come as bad news to equity investors hoping for a repeat of 2017's bumper returns, but many say they're not ready to throw in the towel yet on companies that are still delivering strong earnings.

White House says expects to complete tariff talks during 30-day exemption period

WASHINGTON (Reuters) - The White House said on Tuesday it expects to wrap up negotiations with Canada, the European Union and Mexico on announced U.S. tariffs on steel and aluminum imports within a 30-day extended exemption period.

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