Economy & Finance

First steps towards a life of giving back

First steps towards a life of giving back

Published 05/12/2018

NEW YORK (Reuters) - Here is some good news to hold onto this holiday season: Americans are giving more than ever. Last year, Americans gave [more…]

DoubleLine’s Gundlach says Treasuries point to economy ready to weaken

DoubleLine’s Gundlach says Treasuries point to economy ready to weaken

Published 04/12/2018

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the [more…]

U.S. top court signals it will buttress anti-fraud securities laws

U.S. top court signals it will buttress anti-fraud securities laws

Published 03/12/2018

WASHINGTON (Reuters) - U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws [more…]

Qualcomm says NXP deal is dead, even as China seen open to okaying it

Qualcomm says NXP deal is dead, even as China seen open to okaying it

Published 03/12/2018

(Reuters) - U.S. chipmaker Qualcomm Inc (QCOM.O) rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer NXP Semiconductors [more…]

Global markets surge on China-U.S. trade truce, dollar dips, yuan up

Global markets surge on China-U.S. trade truce, dollar dips, yuan up

Published 03/12/2018

NEW YORK (Reuters) - A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while [more…]

Iran says OPEC members who increased output should take lead on cuts

Iran says OPEC members who increased output should take lead on cuts

Published 03/12/2018

LONDON (Reuters) - Qatar’s decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel, a [more…]

Canada says it takes Trump’s talk of NAFTA withdrawal seriously

Canada says it takes Trump’s talk of NAFTA withdrawal seriously

Published 03/12/2018

OTTAWA (Reuters) - Canada takes U.S. President Donald Trump’s comments about pulling out of NAFTA seriously and has no indication when the White House might [more…]

Wall Street rallies on temporary trade truce

Wall Street rallies on temporary trade truce

Published 03/12/2018

(Reuters) - U.S. stocks rose on Monday, boosted by gains in trade-sensitive industrial and technology stocks after the United States and China agreed upon a [more…]

S&P sees Turkish banks’ bad loans doubling in next 12-18 months

S&P sees Turkish banks’ bad loans doubling in next 12-18 months

Published 03/12/2018

LONDON (Reuters) - Rating agency S&P Global expects the amount of bad loans on Turkish banks’ books to double over the next 12-18 months and [more…]

GSK slides after buying cancer firm Tesaro for hefty $5.1 billion

GSK slides after buying cancer firm Tesaro for hefty $5.1 billion

Published 03/12/2018

LONDON (Reuters) - GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, a costly investment to rebuild the pharmaceuticals business by new [more…]