Wednesday, 12 September 2018

Daily Investor Update: Brent reaches $80 a barrel after fall in U.S. crude stocks

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Brent reaches $80 a barrel after fall in U.S. crude stocks

Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.

Volvo shows off self-driving, electric truck with no cab

Sweden's Volvo, the world's second-biggest truck maker, presented a new self-driving electric truck on Wednesday, which it said should help respond to the boom in ecommerce and a shortage of freight drivers.

Tesla investor says SEC asked it about 'funding secured' tweet

Tesla Inc's biggest institutional investor said on Wednesday it was questioned by U.S. securities regulators about Elon Musk's now-abandoned plans to take the electric carmaker private and that the chief executive needed help running the company.

U.S. officials have reached out to China for new trade talks: sources

The Trump administration has reached out to China for a new round of trade talks as it prepares to activate punitive U.S. tariffs on $200 billion worth of Chinese goods, two people familiar with the matter said on Wednesday.

Apple debuts biggest iPhone yet, health-oriented watch

Apple Inc introduced its largest iPhone ever and a new line of watches that can detect heart problems on Wednesday as it looks to get users to upgrade to more expensive devices in the face of stagnant global demand for smartphones.

As Trump embraces more tariffs, U.S. business readies public fight

After months of waging a behind-the-scenes war against President Donald Trump's trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public.

60 Minutes Jeff Fager leaving CBS after reports of inappropriate behavior

The executive producer of the CBS television program "60 Minutes," Jeff Fager, is leaving CBS News, according to a company memo on Wednesday, amid reports of inappropriate behavior.

U.S. incomes rose but inequality widened in 2017: data

The median U.S. household income rose for a third straight year in 2017 to the highest on record since 1967 by one measure, but the gap between white- and non-white households widened, government data showed on Wednesday.

Wall Street dips with Apple, other tech shares

U.S. stocks edged lower on Wednesday, weighed down by a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings, and other technology shares.

JPMorgan's Dimon backtracks after saying he could beat Trump

Jamie Dimon, CEO of JPMorgan Chase & Co , quickly backtracked on Wednesday morning from having said he could beat President Donald Trump in a campaign but not liberal Democrats.

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