Friday 2 November 2018

Wall Street snaps three-day rally as Apple falls, trade optimism fades

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Wall Street snaps three-day rally as Apple falls, trade optimism fades

U.S. stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over U.S.-China trade talks.

U.S. securities regulator subpoenas Tesla on Model 3 production estimates

Tesla Inc said on Friday it had received a subpoena from the U.S. Securities and Exchange Commission over forecasts it made about Model 3 production in 2017, a set of targets the electric vehicle company failed to hit on time.

Britain's Barclays, Lloyds shock in EU bank stress test

Britain's Barclays and Lloyds were the surprise laggards in a European Union bank health check on Friday, although none of the 48 lenders tested failed a major capital threshold.

Stock gains curtailed, with U.S. lower, on report U.S.-China trade deal not imminent

Concerns that a trade deal between the United States and China may not be imminent reined in a rally in world equity markets and reversed gains on Wall Street on Friday, while strong U.S. wage growth boosted U.S. bond yields.

Uber seeks OK to resume self-driving tests in Pennsylvania

Uber Technologies Inc has asked Pennsylvania for permission to resume self-driving car testing on public roads and has improved the autonomous vehicle software, the company said on Friday, more than seven months after it suspended testing following a deadly crash in Arizona.

U.S. charges financier, former Goldman bankers for 1MDB

U.S. prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs bankers and Malaysian financier Low Taek Jho tied to the alleged theft of billions of dollars from Malaysian sovereign wealth fund 1MDB.

Exclusive: Twitter deletes over 10,000 accounts seeking to discourage voting

Twitter Inc deleted more than 10,000 automated accounts posting messages that discouraged people from voting in Tuesday's U.S. election and wrongly appeared to be from Democrats, after the party flagged the misleading tweets to the social media company.

Trump says 'I think we'll make a deal with China' on trade

U.S. President Donald Trump said on Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries' differences but warning that he still may impose more tariffs on Chinese goods.

U.S. allows eight importers to keep buying Iran oil for now

The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities.

NordLB owner Lower Saxony reviewing measures to strengthen bank's capital

German lender NordLB's chairman Reinhold Hilbers said on Friday the German state of Lower Saxony was reviewing how it could strengthen the public sector lender's balance sheet after it scored worst among German banks in European stress tests.

Consumer companies try price hikes as U.S. wages climb

Consumer goods companies, emboldened by a strong U.S. economy, are rolling out price increases on everyday products and groceries after several years of haggling with big retailers that needed cheaper products to attract customers. Walmart Inc , Target Corp and other grocers have kept prices low over the past two years to fend off growing challenges from Amazon.com Inc's Whole Foods Market, German discount supermarket Aldi Inc, and o

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