Wednesday May 23, 2018 6:07:59 AM PDT - The less things change, the more they remain the same. - Sicilian proverb




Wed, 23 May 2018 07:57:47 -0400

Stock futures dip as Trump's comments spark trade talk uncertainty

(Reuters) - U.S. stock index futures were lower on Wednesday on fresh uncertainty over U.S.-China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes.

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Wed, 23 May 2018 08:27:58 -0400

Comcast prepares to challenge Disney for Fox assets

(Reuters) - Comcast Corp on Wednesday confirmed that it is considering and is in advanced stages of preparing an offer for the businesses that Twenty-First Century Fox has agreed to sell to Walt Disney Co .

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Wed, 23 May 2018 06:51:37 -0400

Tesla trims up to $14,000 off Model X in China after tariff cuts

BEIJING (Reuters) - Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world's largest auto market pivots towards electric cars.

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Wed, 23 May 2018 08:16:38 -0400

Small banks trump Wall Street on Dodd-Frank rewrite

WASHINGTON (Reuters) - Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc , Morgan Stanley and JPMorgan Chase & Co , will not be breaking out the champagne.

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Wed, 23 May 2018 08:45:23 -0400

U.S.-China trade deal 'too hard to get done,' Trump says

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China's trade talks, saying the current track appeared "too hard to get done" and that any possible deal needed "a different structure."

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Wed, 23 May 2018 08:42:22 -0400

Deutsche Bank plans to exit from equities markets: Bloomberg

FRANKFURT (Reuters) - Deutsche Bank is planning to withdraw from a number of equities markets across the globe, Bloomberg News reported on Wednesday.

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Wed, 23 May 2018 05:24:20 -0400

Trump floats management changes instead of sanctions for China's ZTE

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday floated a plan to fine ZTE Corp and shake up its management as his administration considered rolling back more severe penalties that have crippled the Chinese telecommunications company.

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Wed, 23 May 2018 08:20:02 -0400

Tesla Model 3 registrations zip past rivals in California

(Reuters) - Tesla Inc's Model 3 sedan recorded more registrations in California than its class rivals BMW 3-Series and Mercedes C-Class in the first quarter, according to a report by the California New Car Dealers Association (CNCDA). Model 3 registrations totaled 3,723, or 14.3 percent of the near-luxury segment, compared with 3,323 for the Mercedes variant and 3,260 for the BMW model, the CNCDA report said.

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Wed, 23 May 2018 02:43:39 -0400

Why Caterpillar can't keep up with a boom in demand

EAST PEORIA, Ill. (Reuters) - Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year.

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Wed, 23 May 2018 07:38:43 -0400

Consumer groups ask U.S. agency to probe Tesla 'Autopilot' ads

SAN FRANCISCO (Reuters) - Two U.S. consumer advocacy groups urged the Federal Trade Commission on Wednesday to investigate what they called Tesla Inc's "deceptive and misleading" use of the name Autopilot for its assisted-driving technology.

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