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    S&P 500 erases losses following Fed minutes
    Posted on Wednesday May 23, 2018

    (Reuters) - The S&P 500 erased losses to trade little changed on Wednesday after minutes from the last Federal Reserve meeting suggested higher inflation may not result in faster interest rate hikes.

    China signals to state giants: 'Buy American' oil and grains
    Posted on Wednesday May 23, 2018

    SINGAPORE/BEIJING (Reuters) - China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

    Comcast prepares to top Disney's $50 billion offer for Fox
    Posted on Wednesday May 23, 2018

    (Reuters) - Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox , setting up a bidding war with rival Walt Disney Co , which already has agreed to a $52-billion deal with Fox.

    Small banks trump Wall Street on Dodd-Frank rewrite
    Posted on Wednesday May 23, 2018

    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.

    Tesla shares poised to rise after 'fever pitch' of bad news: analyst
    Posted on Wednesday May 23, 2018

    SAN FRANCISCO (Reuters) - Immaterial negative news stories about Tesla Inc have hit a "fever pitch", and the electric carmaker's stock is set to surge as output of its Model 3 sedan improves, according to an analyst.

    Uber ends Arizona self-driving program following fatality
    Posted on Wednesday May 23, 2018

    SAN FRANCISCO (Reuters) - Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.

    Deutsche Bank looks to cut 10,000 jobs to reduce costs: source
    Posted on Wednesday May 23, 2018

    FRANKFURT (Reuters) - Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.

    Trump teases 'big news' for U.S. auto workers, suggests NAFTA link
    Posted on Wednesday May 23, 2018

    WASHINGTON (Reuters) - President Donald Trump, who has repeatedly pledged to revive American manufacturing, said on Wednesday that "big news" was coming that would be welcomed by U.S. auto workers, and he suggested it was somehow linked to NAFTA trade talks.

    U.S. Senate panel to hold hearing on Sprint T-Mobile merger
    Posted on Wednesday May 23, 2018

    WASHINGTON (Reuters) - A U.S. Senate committee plans to hold a hearing on June 27 on the proposed $26.5 billion merger of U.S. wireless carriers T-Mobile US and Sprint Corp .

    Thyssenkrupp CEO feels heat after investor vote of no confidence
    Posted on Wednesday May 23, 2018

    FRANKFURT/DUESSELDORF, Germany (Reuters) - Heinrich Hiesinger's position as Thyssenkrupp's CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors, including Cevian and Elliott, people familiar with the matter said.

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