Friday 9 November 2018

Daily Investor Update: Investors focus on retailers as wages rise

Reuters.com Newsletter

Investors focus on retailers as wages rise

U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year's expected drop in profit growth may be sharper than feared.

U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau

A U.S. judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing praise on Friday from environmental groups and a rebuke from President Donald Trump.

Oil falls 1 percent, U.S. crude on longest losing streak since 1984

Oil prices fell nearly 1 percent on Friday as global supply increased and investors worried that oil demand growth could slow, with U.S. crude notching its longest stretch of daily declines since 1984.

White House adviser Navarro to Wall Street: Stay out of U.S.-China trade talks

White House adviser Peter Navarro on Friday lashed out at efforts by current and former Wall Street executives to urge the United States and China to end their trade dispute, calling them "unregistered foreign agents" who were trying to pressure President Donald Trump into a deal.

Oil price fall, China data weighs on stocks

Stocks around the globe were closing in on their biggest drop in two weeks as soft Chinese data hit demand for risky assets while oil prices weakened again on Friday.

Oil slide, China worries send Wall Street tumbling

The S&P 500 fell steadily on Friday and deepened its losses as the day wore on with shares of large technology, industrial and material companies taking a hit after weak Chinese data and a slide in oil prices raised concerns about global growth.

Microsoft made $1.3 billion in cash payments in GitHub deal

Microsoft Corp said in a filing late Thursday it had made $1.3 billion in cash payments in connection to its acquisition of coding hosting startup GitHub.

Take Five: Trump to Italy, world markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

What is at stake in the Keystone XL pipeline ruling?

A U.S. federal judge in Montana halted construction of TransCanada Corp's Keystone XL oil pipeline on Thursday, saying a U.S. environmental analysis "fell short of a 'hard look'" at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources.

Exclusive: Takeda to win EU approval for $62 billion Shire deal - sources

Japanese drugmaker Takeda Pharmaceutical is set to win conditional EU antitrust approval for its $62-billion bid for London's Shire, the biggest ever overseas acquisition by a Japanese company, two people familiar with the matter said on Friday.

Related Videos

Burberry says new designer is delivering the buzz

Tesla names Musk's replacement as chair

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