Friday 29 March 2019

Apple, in rare reversal, pulls plug on wireless charging mat

Reuters.com Newsletter

Apple, in rare reversal, pulls plug on wireless charging mat

Apple Inc on Friday said it is canceling the AirPower wireless charging mat that the company announced in 2017 on the same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.

Trade hopes buoy stocks, Brexit setback hits pound

Stock markets around the world moved higher on Friday following signs of progress in U.S.-China trade talks, while the British pound fell after lawmakers rejected Prime Minister Theresa May's Brexit agreement for the third time.

U.S., China trade talks in Beijing called 'candid and constructive'

The United States and China said they made progress in trade talks that concluded on Friday in Beijing, with Washington calling them candid and constructive, as the world's two largest economies try to resolve a bitter, nearly nine-month trade war.

Exclusive: Trump eyeing stepped-up Venezuela sanctions for foreign companies - Bolton

U.S. President Donald Trump is considering imposing sanctions on companies from other countries that do business with Venezuela to cut off revenues to President Nicolas Maduro, Trump's national security adviser John Bolton told Reuters TV on Friday.

Lyft shares soar on Nasdaq debut, setting stage for Uber

Lyft Inc's shares opened up more than 20 percent in their market debut on Friday, giving the ride hailing startup a market value of more than $27 billion, amid strong investor demand that bodes well for larger rival Uber Technologies Inc.

Factbox: Venture backers reap multibillion-dollar payday in Lyft IPO

Lyft Inc's initial public offering on Thursday marked the latest chapter in the seven-year journey of the U.S. ride-hailing app, from a startup backed by seed funding to a publicly traded company worth more than $27 billion.

Trade optimism boosts Wall St; S&P 500 notches best quarter since 2009

U.S. stocks ended the final trading day of the first quarter on a strong note on Friday, and the S&P 500 registered its best quarterly gain since 2009, boosted by optimism over trade talks between the United States and China.

Outsider CEO won't be a quick fix for Wells Fargo: analysts

Wells Fargo & Co's plan to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said.

Fed policymakers do not want rate cuts, not even the doves

Barely a week after the U.S. Federal Reserve called a halt to interest rate hikes, policymakers are now battling a view growing in financial markets, and embraced by the Trump administration, that the Fed will need to cut rates before long.

White House's Kudlow says U.S.-China trade talks making headway

White House economic adviser Larry Kudlow said on Friday the United States and China are making progress in trade talks.

U.S. consumer spending soft, inflation benign as economy slows

U.S. consumer spending barely rose in January and income increased modestly in February, suggesting the economy was fast losing momentum after growth slowed in the fourth quarter.

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