Tuesday 16 October 2018

Daily Investor Update: Trump says 'my biggest threat is the Fed'

Reuters.com Newsletter

Trump says 'my biggest threat is the Fed'

U.S. President Donald Trump said on a Fox Business News interview that "my biggest threat is the Fed," referring to the Federal Reserve.

U.S. judge approves SEC settlement with Tesla, Musk; shares jump

A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.

EU regulators ask Sony's rivals and users how it might use power after EMI deal

EU antitrust regulators reviewing Sony Corp's $2.3 billion bid for EMI are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.

Microsoft co-founder Paul Allen dies of cancer complications at 65

Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world's biggest software company, died on Monday at the age of 65, his family said.

Goldman Sachs will slow consumer loan growth if market falters

Goldman Sachs will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task to boost revenue by $5 billion by 2020.

Walmart CEO points to new company culture, cuts profit forecast

Walmart Inc's chief executive officer on Tuesday urged investors to revise their view of the company's business, touting its tech investments to grow online sales at a time that Walmart is battling Amazon.com for market share.

Big U.S. banks end third quarter on high note

Wall Street's top investment banks enjoyed a strong third quarter as strength in stock trading and equity underwriting added to the benefits from a strong U.S. economy and tax reforms.

U.S. seen likely to relieve Prudential of 'systemic' oversight

A panel of U.S. regulators is seen as likely to relieve Prudential Financial Inc from stricter oversight when it meets on Tuesday, in a move that could reduce the insurance company's regulatory costs.

Wall St. rallies back with earnings boost

U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off.

Dell maintains plans to go public despite Icahn opposition

Dell Technologies Inc said on Tuesday it was sticking to its plans to go public by buying back its tracking stock , a day after activist investor Carl Icahn opposed the move.

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