Futures little changed ahead of first-qtr GDP data U.S. stock index futures were little changed on Friday as investors awaited the first-quarter report on gross domestic product, while assessing quarterly earnings. * The Nasdaq Composite is on track to post gains for the sixth straight month, after closing at a […]
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Business
Profit-taking trips up Asian stocks, Korean won slips on Trump trade threat Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea. Britain's FTSE 100, […]
Investors, South Korean tech suppliers brush off North Korea threat Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings […]
U.S. refiners bet on strong exports to balance market U.S. refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears. The first wave of earnings results from several […]
Boeing seeks U.S. anti-dumping probe against Bombardier jet Boeing Co on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian planemaker Bombardier's new CSeries airplane, adding to growing trade tensions between the United States and Canada. The petition against Canada's new competitor to the […]
Next battleground: An aging Great Lakes pipeline stirs new protest The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes. Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip […]
Companies cheer Trump tax cuts, but jobs are less certain to follow U.S. businesses would reap a windfall if President Donald Trump's plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and […]
Judge says Exxon owes $19.95 million for Texas refinery pollution A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 million penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013. U.S. District Court Judge David Hittner issued the ruling in […]
Trump tax cut caution, ECB meeting cools risk rally A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors' spirits and caution setting in as the European Central Bank met. Europe's main bourses were as much as 0.7 percent lower […]
Investors eye Elliott's Plan B as BHP shake-up push falters Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent. While Elliott is struggling to push through a $46 billion […]
