Thursday 24 January 2019

Daily Investor Update: U.S. government shutdown threatens rollout of new car models: automakers

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U.S. government shutdown threatens rollout of new car models: automakers

The partial U.S. government shutdown is threatening to delay the roll-out of new vehicle models in the United States by stalling required certifications from the Environmental Protection Agency, automakers said.

Google asks U.S. Supreme Court to end Oracle copyright case

Alphabet Inc's Google on Thursday asked the U.S. Supreme Court to reverse a ruling that resurrected a billion-dollar copyright case brought by Oracle Corp that dates to 2010.

'Under siege', oil industry mulls raising returns and PR game

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.

J.P. Morgan pares U.S. first quarter GDP view to 1.75 percent

J.P. Morgan economists reduced their outlook for U.S. economic growth in the first quarter to 1.75 percent from 2.00 percent as the partial U.S. government shutdown has stretched to a second month for the longest one ever, they said on Thursday.

Stocks meander, bonds up after ECB, U.S.-China trade talk

Stocks flitted between positive and negative territory on Thursday while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.

'Maddening' U.S. shutdown hangs over airlines even as profits beat

Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.

S&P 500, Dow sag on trade worries, chipmakers lift Nasdaq

The S&P 500 and the Dow edged lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes kept buyers at bay, but chipmakers rallied to push the Nasdaq into the black.

Harvard, Levi Strauss, U.S. think tank in blockchain tie-up on worker welfare

Harvard University's public health graduate school, U.S. think-tank New America, and American apparel company Levi Strauss & Co announced on Thursday a collaboration to develop a blockhain-based system designed to augment outside auditors of factory health and safety with self-reporting by workers.

U.S., China 'miles and miles' from trade deal: Ross

The United States and China are "miles and miles" from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.

GM to invest $22 million in Tennessee plant

General Motors Co said on Thursday it will invest $22 million at its Tennessee plant to build fuel-efficient engines.

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