Reuters - Business Today

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Friday, October 27, 2017

S&P, Nasdaq up on strong tech earnings, GDP data

(Reuters) - The S&P and the Nasdaq opened higher on Friday as strong earnings from technology giants and a better-than-expected quarterly GDP growth lifted investor sentiment. The Dow was little changed, weighed down by Chevron.

Inventories, trade support U.S. third-quarter economic growth

WASHINGTON (Reuters) - The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

CVS-Aetna deal gets Wall Street thumbs up amid Amazon entry fears

(Reuters) - U.S. pharmacy operator CVS Health Corp's move to buy health insurer Aetna Inc will broaden their reach in the industry and could spark another round of dealmaking in a sector dreading Amazon's arrival, analysts said.

Exxon, Chevron third-quarter profits jump on rising commodity prices

HOUSTON (Reuters) - Exxon Mobil Corp and Chevron Corp , two of the world's largest oil producers, said on Friday their quarterly profits each jumped about 50 percent, helped by rising commodity prices and lower costs.

Wall Street loves electric cars, America loves trucks

DETROIT (Reuters) - Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc , but Americans love big, fuel-thirsty trucks like Ford Motor Co's bestselling F-Series pickups and are paying ever higher prices to buy them.

Extent of VW emissions cheating discussed earlier than known: Spiegel

FRANKFURT (Reuters) - Volkswagen engineers told top managers that diesel emissions manipulations went far beyond issues in the United States two days before the carmaker made a public announcement to that effect in 2015, Der Spiegel reported on Friday.

Tenet Healthcare to lay off about 1,300 employees

(Reuters) - Tenet Healthcare Corp said on Friday it would lay off about 1,300 employees, or 1 percent of its total workforce, as the hospital operator looks to cut costs by $150 million in 2018.

Place your bets for the Brexit rate hike

LONDON (Reuters) - To hear some economists talk, the Bank of England is about to make a big mistake - raise interest rates just as the economy heads into what could be a major storm.

No end in sight for tech giant share gains

(Reuters) - How much bigger can the world's biggest tech companies get?

As Trump tax comes to floor, failure could spell stocks selloff

NEW YORK (Reuters) - Investors are increasingly pricing in the effect of a corporate tax cut into the shares of U.S. companies, leaving the market primed for a steep sell-off if the Republican-controlled Congress fails to pass one of President Donald Trump's top priorities.