Today's Top Story
Automakers rise on report of China moving to cut U.S. car tariffs
(Reuters) - Automakers' shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China's president in Argentina. Read More
Business News
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Huawei CFO back in Canada court as bail hearing set to wrap
VANCOUVER (Reuters) - A top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom on Tuesday, as the judge weighs final issues in determining whether she should be freed on bail while awaiting extradition proceedings.
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Exclusive: Hyundai Motor's two R&D vice chairmen offer to resign - sources
SEOUL (Reuters) - Hyundai Motor Group's two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday.
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Verizon to take about $2 billion in charges for planned layoffs
(Reuters) - Verizon Communications Inc
will take a charge of $1.8 billion to $2.1 billion in the current quarter, with nearly half of the layoffs announced on Monday set to come into effect in December, the U.S. wireless carrier said. - More Business News»
Economic News
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Services lift U.S. producer prices in November
WASHINGTON (Reuters) - U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing.
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Wall Street opens sharply higher on trade optimism
(Reuters) - U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China.
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Automakers rise on report of China moving to cut U.S. car tariffs
(Reuters) - Automakers' shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China's president in Argentina.
- More Economic News»
Money News
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Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell
WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co
must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. -
Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever
LONDON (Reuters) - Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger dollar.
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In a tight labor market, companies bet big on five-year rewards
NEW YORK (Reuters) - In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company.
- More Money News»
