Thursday, 7 November 2019

Exclusive: Trump administration moves closer to easing gun exports

Reuters.com Newsletter

Exclusive: Trump administration moves closer to easing gun exports

The Trump administration has passed a key milestone in a long-delayed rule change that would make it easier to sell U.S. firearms outside the United States, including assault rifles and ammunition, people briefed on the matter told Reuters.

Gap CEO Peck to leave; earnings forecast cut sends shares tumbling

Gap Inc said on Thursday Chief Executive Officer Art Peck will step down and also cut its full-year earnings forecast, blaming slower traffic and operational challenges, sending the apparel maker's shares down 7%.

China, U.S. agree to roll back tariffs as part of trade deal -officials

China and the United States have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, officials from both sides said on Thursday, offering a new sign of progress despite ongoing divisions about the months-long dispute.

Rollback of China tariffs faces fierce opposition in White House

An agreement between the United States and China to roll back existing tariffs as part of a "phase one" trade deal faces fierce internal opposition in the White House and from outside advisers, multiple sources familiar with the talks said.

Dow, S&P 500 hit record closes as investors digest trade news

The Dow and S&P 500 notched record closing highs on Thursday as the latest signs of progress in U.S.-China trade relations relieved investors, but a report raising fresh worries about the outlook for a deal limited the day's gains.

How the SEC is making life easier for corporate America

Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures - including trimming rules - that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups.

U.S. charges New York company with illegal Chinese equipment sales

Federal prosecutors have filed criminal charges accusing a New York company of exposing the U.S. government and private customers to security risks by illegally importing and selling surveillance and security equipment from China.

Disney gets boost from parks, films ahead of streaming launch

Walt Disney Co's theme parks unit and a remake of "The Lion King" boosted quarterly earnings past Wall Street targets on Thursday as costs rose ahead of the launch of the company's big streaming entertainment bet.

Stocks, dollar rally on U.S.-China trade deal hopes

Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.

GoPro quarterly revenue beats on 'Hero' camera demand, shares rise

GoPro Inc beat analysts' estimates for third-quarter revenue on Thursday, boosted by demand for its new Hero camera, sending its shares up 11% in after-market trading.

Dropbox tops revenue, profit estimates on higher subscriber additions

Dropbox Inc beat analysts' estimates for third-quarter revenue and profit on Thursday, as the online file hosting company signed up more individual and business customers to its platform.

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