Tuesday, 2 October 2018

Daily Investor Update: Trump hails Canada, Mexico trade pact as win for U.S. workers

Reuters.com Newsletter

Trump hails Canada, Mexico trade pact as win for U.S. workers

President Donald Trump on Monday touted a new trade deal with Canada and Mexico as a win for U.S. workers while investors breathed a sigh of relief that the key pillars of NAFTA had survived his hardball strategy to reshape global commerce.

How Trump's son-in-law helped salvage the North American trade zone

Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal's architect.

Wells Fargo has not done enough to refund cheated drivers: regulator

Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.

Tesla worried by China tariffs even as deliveries surge

Tesla Inc announced record quarterly car production on Tuesday but warned of major problems with selling cars in China due to new tariffs that would force it to accelerate investment in its factory in Shanghai.

Toys 'R' Us lenders cancel auction, plan to revive brand

The top lenders of Toys 'R' Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys 'R' Us and Babies 'R' Us brand names, a court filing on Monday showed.

Exclusive: Exxon explores selling U.S. Gulf of Mexico assets - sources

Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher prices prompt the world's largest publicly traded oil company to review its portfolio, people familiar with the matter said on Tuesday.

Oil eases below four-year highs; U.S. inventory rise expected

Oil prices eased slightly on Tuesday after rallying for three straight sessions, but remained close to four-year highs on worries that global supplies will drop due to Washington's sanctions on Iran.

Global stocks dip amid Italy angst, but tech lifts Dow

Stocks were shaky around the globe and European assets sold off on Tuesday as anti-euro comments by an Italian lawmaker sent Italy's bond yields to multi-year highs and optimism over an agreement to revamp a North American trade deal receded.

Dow hits record but Facebook weighs on Nasdaq

The Dow and S&P advanced on Tuesday, with the blue-chip index hitting a record, while another drop in Facebook shares weighed on the Nasdaq.

Amazon raises minimum wage to $15, urges rivals to follow

Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for U.S. employees from next month, giving ground to critics of poor pay and working conditions at the world's second most valuable company.

Related Videos

Musk deal soothes worried investors, Tesla stock soars

GE replaces Flannery as CEO, shares soar

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS