Friday, 28 December 2018

Daily Investor Update: Trade wars cost U.S., China billions of dollars each in 2018

Reuters.com Newsletter

Trade wars cost U.S., China billions of dollars each in 2018

The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology - and above all, agriculture.

Wells Fargo to pay $575 million in settlement with U.S. states

Wells Fargo & Co will pay $575 million to settle claims made by U.S. states, the latest settlement as the bank works to resolve lingering investigations and legal battles stemming from its sales-practices scandal and to remove a punitive asset cap.

Oil prices steady near year-and-a-half lows ahead of New Year

Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in U.S. equity markets but pressured by worries about a global glut of crude.

Wall Street pushes higher in bid to extend rally

U.S. stocks pushed higher in a choppy session on Friday following a wild week of trading that has seen equities rebound from a prolonged slide.

Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ

The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team's regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Tesla names Oracle's Ellison to board, ending U.S. charges

Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private.

U.S. retirees try to keep cool as stocks tumble

Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of anxiety over the biggest December stock market rout since Herbert Hoover was president.

Dell returns to market with NYSE listing

Dell Technologies Inc returned to public markets on Friday, nearly six years after the company's founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008.

World stock markets struggle to finish strong after wild week

Investors gravitated to safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in U.S. stocks.

Take Five: The Year of the Bear! 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.

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