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Wall Street nears record as mood on trade again turns optimistic

17 hours ago DieselGasoil Comments Off on Wall Street nears record as mood on trade again turns optimistic
(Reuters) – Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Wall St. pushes higher on trade hopes, dovish Fed bets

21 hours ago DieselGasoil Comments Off on Wall St. pushes higher on trade hopes, dovish Fed bets
(Reuters) – Wall Street’s main indexes rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump’s comments on restarting trade talks with China added to optimism of a more accommodative Federal Reserve. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Apple wants to make Oscar-worthy movies to beef up streaming service

22 hours ago DieselGasoil Comments Off on Apple wants to make Oscar-worthy movies to beef up streaming service
Apple CEO Tim Cook gave the commencement address at Tulane University on May 18, 2019.(Tulane University/YouTube) Apple has Oscar envy. Since announcing plans tocompete with Netflix in March, Apple has been busy with a new project: financing six small-budget movies a year with an eye toward stories that could win Academy Awards, sources have told The Read More

Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid

24 hours ago DieselGasoil Comments Off on Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid
(Reuters) – Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson’s Bay Co private as “woefully inadequate” on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer. The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last Read More

Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings

1 day ago DieselGasoil Comments Off on Hudson’s Bay chairman’s bid unlikely to get full support: Investor Land & Buildings
(Reuters) – Activist investor Land & Buildings Investment Management LLC said on Tuesday a C$1.74 billion go-private offer for Hudson’s Bay Co from chairman and other shareholders would likely not receive majority approval of remaining shareholders. The activist investor called the offer for the Canadian retailer “woefully inadequate” and asked the special committee of independent Read More

Nightmare fuel: Giant spider pictured eating POSSUM in Tasmania (PHOTO)

1 day ago DieselGasoil Comments Off on Nightmare fuel: Giant spider pictured eating POSSUM in Tasmania (PHOTO)
A massive huntsman spider was pictured chowing down on a possum in a shocking image captured in Tasmania, Australia. The spider was spotted midway through munching on a pygmy possum at Mount Field National Park in Tasmania by a couple enjoying a romantic getaway. The huntsman had the head and some of the possum’s body Read More

Faith in the Fed nudges Wall Street higher

2 days ago DieselGasoil Comments Off on Faith in the Fed nudges Wall Street higher
(Reuters) – Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. The U.S. central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, Read More

Wall St. holds on to gains; Fed policy meeting eyed

2 days ago DieselGasoil Comments Off on Wall St. holds on to gains; Fed policy meeting eyed
(Reuters) – Wall Street’s main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall St. moves higher; Fed policy meeting eyed

2 days ago DieselGasoil Comments Off on Wall St. moves higher; Fed policy meeting eyed
(Reuters) – Wall Street’s main indexes climbed higher on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a crucial Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

India to impose retaliatory tariffs on 28 U.S. goods from Sunday

4 days ago DieselGasoil Comments Off on India to impose retaliatory tariffs on 28 U.S. goods from Sunday
NEW DELHI (Reuters) – India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. FILE PHOTO: A man holds the flags of India and the U.S. while people take part in the 35th India Day Parade in New Read More