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    Wall Street edges lower as Trump adds to trade talks uncertainty
    Posted on Wednesday May 23, 2018

    (Reuters) - U.S. stocks were slightly lower on Wednesday after President Donald Trump's latest comments fueled skepticism over U.S.-China trade talks and ahead of a Federal Reserve report that could indicate the pace of future rate hikes.

    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.

    Tesla trims up to $14,000 off Model X in China after tariff cuts
    Posted on Wednesday May 23, 2018

    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.

    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.

    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 signaled 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.

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

    FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.

    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 T-Mobile US and Sprint Corp .

    Facebook users unite! 'Data Labour Union' launches in Netherlands
    Posted on Wednesday May 23, 2018

    AMSTERDAM (Reuters) - Activists in Amsterdam on Wednesday launched the 'Datavakbond' or "data labor union", which hopes to elect leaders to negotiate directly with Facebook and Google over what they do with users' data.

    Trump teases 'big news' for U.S. auto workers, offers no details
    Posted on Wednesday May 23, 2018

    WASHINGTON (Reuters) - U.S. 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 but he gave no details.

    'There is no free lunch', Macron tells tech giant CEOs
    Posted on Wednesday May 23, 2018

    PARIS (Reuters) - President Emmanuel Macron told executives from the world's biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society.



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