Business

LONDON (Reuters) – European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the “Trumpflation trade”, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall With
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DETROIT (Reuters) – Tesla Inc’s (TSLA.O) new Model 3 sedan is likely to have “average” reliability despite production snags because it uses older technology rather than newer innovations that are causing problems for automakers, Consumer Reports magazine said on Thursday. The magazine said its survey of 640,000 vehicles showed that all-new vehicles or models with
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SEOUL (Reuters) – South Korean investigators raided the Seoul office of McDonald’s Corp on Wednesday following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said. The Seoul central district prosecutors’ office confiscated some documents and evidence at the office and
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(Reuters) – Amazon Studios (AMZN.O) chief Roy Price has resigned, a company spokeswoman said on Tuesday, following reports that he harassed a producer and ignored an actress’s allegation of sexual assault by producer Harvey Weinstein. Price took a leave of absence last week and Albert Cheng, the studio’s chief operating officer, remains interim head of
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NEW YORK (Reuters) – Wall Street rivals Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading. Goldman’s private equity investments helped fuel its earnings beat, while Morgan Stanley’s wealth management unit delivered
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NEW YORK (Reuters) – U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the market’s rally and are poised to keep the reins should further signs of global expansion emerge. Such sectors, including energy, industrials and financials, beat the S&P 500’s 1.9 percent gain in September. Those sectors had previously
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