Friday, 17 May 2019

Daily Investor Update: Corporations, events face boycott threats over U.S. abortion laws

Reuters.com Newsletter

Corporations, events face boycott threats over U.S. abortion laws

Companies operating in Alabama and Georgia, ranging from Toyota to Netflix, as well as an Alabama music festival faced boycott threats on Friday after the states passed near-total bans on abortion.

Wall Street mixed as strong consumer data dampened by trade jitters

Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm.

U.S. stocks drop late in session on trade uncertainty

Wall Street shares extended losses in late trade on Friday after CNBC reported that the next round of U.S.-China negotiations was in flux, looking set to end a seesaw week the same way they started with selling on worries about the escalating trade war.

Oil slips but ends week higher on Mideast supply disruption fears

Oil prices edged lower on Friday due to demand fears amid a standoff in Sino-U.S. trade talks, but both benchmarks ended the week higher on rising concerns over supply disruptions in Middle East shipments due to U.S.-Iran political tensions.

China's tough rhetoric leaves trade talks with U.S. in limbo

China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world's two largest economies would be meaningless unless Washington changed course.

Trade talks between U.S. and China have stalled: CNBC

The trade talks between the United States and China have stalled, CNBC reported on Friday, citing sources.

CBS made informal offer to buy Starz: The Information

CBS Corp has expressed interest in acquiring cable channel Starz from Lions Gate Entertainment, the Information on Friday, citing four people familiar with the situation.

Starbucks' China challenger Luckin raises $561 million in U.S. IPO

Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Thursday priced its U.S. initial public offering at the top end of its targeted range and sold more shares than planned in the biggest U.S. float by a Chinese firm this year.

Starbucks' China rival Luckin surges in market debut

Shares of Luckin Coffee Inc surged as much as 52.7% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in China.

Overstock CEO says he had to sell shares to supplement his pay

Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to "give such an explanation again."

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