Tuesday 26 November 2019

Activist investor seeks to oust Trump friend Barrack from CEO job at Colony Capital

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Activist investor seeks to oust Trump friend Barrack from CEO job at Colony Capital

Activist investor Blackwells is pushing to remove Tom Barrack, a billionaire friend of President Donald Trump, as CEO of Colony Capital, saying his mismanagement of the real estate and investment firm has cost shareholders billions of dollars in lost gains.

Oil gains, bolstered again by U.S.-China trade talks

Oil prices rose on Tuesday after news that U.S. and Chinese officials discussed trade, while predictions for a weekly draw on U.S. crude stockpiles lent some support as well.

HP Inc beats profit estimates on higher PC sales

HP Inc on Tuesday posted quarterly earnings above analysts' estimates as higher sales of personal computers and workstations helped counter weakness in its printer business.

Dell misses revenue estimates on weakness in server business

Dell Technologies Inc missed Wall Street estimates for quarterly revenue on Tuesday as its server business wrestled with higher costs and lower demand in a market hit by U.S.-China trade tensions.

Stocks, oil prices edge up on trade talk optimism

Oil prices and a gauge of global stock markets edged higher on Tuesday, lifted by fresh record highs on Wall Street after U.S. President Donald Trump said the United States and China were close to agreeing on the first phase of a trade deal.

Wall Street crawls to record levels on trade hopes

U.S. stocks crawled higher on Tuesday, and all three major Wall Street indexes notched record levels, as upbeat comments by President Donald Trump on trade talks eclipsed some softer-than-anticipated economic data.

Fed's Brainard calls for 'flexible' average inflation target

The Federal Reserve should move from a strict 2% inflation target to a broad, "flexible" promise that inflation would average that level over time, a key member of the U.S. central bank's board of governors said on Tuesday in one of the most explicit endorsements yet of changes in its monetary policy framework.

S&P 500 earnings swoon seen extending to fourth quarter

Earnings of companies in the benchmark S&P 500 index are expected to decline in the fourth quarter from the year-earlier period, which would mark a second straight quarterly profit drop, according to IBES data from Refinitiv.

Uber drives up prices for shared rides, Chicago data reveals

How much ride-hailing companies Uber and Lyft charge customers throughout a day is one of the most closely held secrets in Silicon Valley.

U.S. unveils procedure to shield telecom networks from national security threats

The United States on Tuesday set out a procedure to protect its telecommunications networks and their supply chains from national security threats, saying it would consider whether to bar transactions on a case-by-case basis.

Musk to testify in own defense in defamation trial, his lawyer says

Tesla Inc's chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk's lawyer said on Monday in U.S. District Court in Los Angeles.

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