By Howard Schneider (Reuters) – Import tariffs during President-elect Donald Trump’s first term broadly lowered stock values on the day they were unveiled, and were associated with lower future profits, sales and employment for the firms whose equity prices were hit the hardest, new analysis by Federal Reserve Bank of New York staff concluded. Firms…
(Reuters) -Brian Thompson, the CEO of UnitedHealth’s insurance unit, was fatally shot in the chest on Wednesday morning outside the Hilton hotel in midtown Manhattan, the NY Post and Bloomberg reported, citing police sources. UnitedHealth did not immediately respond to a request for comment. The company canceled the remainder of an investor event in Manhattan…
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U.S. opposition including from President-elect Donald Trump. “We will not give up on the deal… There is…
By Amy-Jo Crowley and Mathieu Rosemain LONDON (Reuters) -French payments group Worldline has attracted early stage takeover interest from private equity firms, as it grapples with a falling share price, profit warnings and leadership change, five people with knowledge of the matter said. Bain Capital is among private equity firms that have been in the…
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) CHICAGO/NEW YORK/NORTH BERGEN, N.J. -Taylor Swift fans and their parents lined up outside some of Target’s nearly 2,000 U.S. stores early on Black Friday to buy copies of her new Eras Tour book. Hoping to buck a long stretch of slowing sales at Target stores – with…
By Lewis Krauskopf NEW YORK (Reuters) – The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500…
By Ron Bousso and Robert Harvey LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream…
(Reuters) – Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump’s threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets. In their initial round of responses to Trump’s surprise announcement on Monday…
By Jarrett Renshaw (Reuters) – Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with…
By Jonathan Stempel (Reuters) -Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death. Buffett, 94, plans to donate 99.5% of his remaining wealth, valued on Friday at $149.7 billion according to Forbes magazine, to a charitable trust overseen by his daughter and…
