Tuesday, 5 November 2019

Trump-Xi meeting in Iowa would be poignant reminder of better U.S.-China ties

Trump-Xi meeting in Iowa would be poignant reminder of better U.S.-China ties

U.S. President Donald Trump's suggestion that he could sign a trade deal with Chinese President Xi Jinping in Iowa has set off a flurry of excitement in Muscatine, Iowa, a city on the banks of the Mississippi River that has hosted Xi twice since 1985.

Oil gains 1% as China pushes Trump for more tariff rollbacks

Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.

U.S. urged to invest more in AI; ex-Google CEO warns of China's progress

U.S. government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, a government-commissioned panel led by Google's former CEO said in an interim report on Monday.

Trade hopes lift dollar, crude; doubts slow stock rally

The U.S. dollar and crude prices rose on Tuesday, spurred by optimism that a U.S.-China trade deal may be near, but a rally in global equity markets paused after China pressed U.S. President Donald Trump to remove recently imposed tariffs.

Match forecasts fourth-quarter revenue below estimates, shares fall

Tinder-owner Match Group Inc forecast fourth-quarter revenue below Wall Street estimates on Tuesday as it faces stiff competition from rival online dating services, sending its shares down about 15% in extended trading.

S&P 500 retreats slightly after recent record

The benchmark S&P 500 edged lower on Tuesday, as investors paused in the wake of a rally buoyed by hopes of a trade deal between the United States and China that sent the three main U.S. stock indexes to record highs in the previous session.

Exclusive: Walgreens has explored taking drug store chain private - sources

Walgreens Boots Alliance Inc has been exploring whether to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, according to people familiar with the matter.

WeWork still on life support, rivals say it must cut costs fast

SoftBank may be rescuing WeWork with a $9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition.

Pioneer Natural CEO calls out shale industry for Permian Basin gas flaring

The chief executive of Pioneer Natural Resources , Scott Sheffield, on Tuesday called on producers in the top U.S. shale field to limit natural gas flaring and monitor for methane leaks.

Wall Street increasingly weighs risk from climate change

In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency.

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