Tuesday, 29 January 2019

Daily Investor Update: Gold hits eight-month high, stocks mixed amid trade caution, results

Reuters.com Newsletter

Gold hits eight-month high, stocks mixed amid trade caution, results

Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results starting with Apple later on Tuesday and an impending Federal Reserve decision on interest rates.

Huawei executive Meng attends bail hearing at Canadian court

Chinese telecommunications giant Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou appeared in a Canadian court on Tuesday for a hearing concerning her bail in a case that has strained Beijing's ties with Canada and the United States.

Wall Street mixed as Apple tees up its quarterly report

Wall Street was mixed on Tuesday, with technology shares dipping ahead of Apple's quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average.

PG&E files for bankruptcy as California wildfire liabilities loom

PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest wildfires in California's history.

GE falls after JP Morgan's Tusa brings back focus on free cash flow

Shares of General Electric Co fell 3 percent on Tuesday after a top-rated JP Morgan analyst raised concerns about the company's divestiture plans and its impact on free cash flow.

U.S. senator asks J&J for documents on talc, baby powder safety

U.S. Democratic Senator Patty Murray sent a letter to Johnson & Johnson on Tuesday seeking information related to allegations in a Reuters Special Report that the healthcare company knew about the presence of asbestos in its talc-based baby powder.

U.S. FTC approves Staples' acquisition of Essendant with conditions

The U.S. Federal Trade Commission said on Monday it had approved with conditions the proposed $482.7 million merger of office supply distributors Staples Inc and Essendant Inc.

Factbox: U.S. energy companies respond to sanctions on Venezuela's oil firm

U.S. oil refiners said they would comply with the Trump administration's new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and take steps to lessen any impacts on consumers.

Harley expects 2019 shipments to slump, shares sink; will boost Thai investment

Harley-Davidson Inc reported worse-than-expected quarterly profit on Tuesday and forecast a slump in global shipments of its motorcycles in 2019, sending shares sinking more than 7 percent in afternoon trading.

Fiat Chrysler receives U.S. approval to sell new Ram pickup

Fiat Chrysler Automobiles NV said on Tuesday it has received approval from U.S. regulators to sell its new 2019 Ram 3500 pickup truck after the Italian automaker had raised concerns a prolonged government shutdown could delay the new heavy duty vehicle.

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