S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq
NEW YORK (Reuters) - The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks.
Exclusive: Tesla flies in new battery production line for Gigafactory
FRANKFURT/SAN FRANCISCO (Reuters) - Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.
T-Mobile says ex-Trump campaign manager advising on Sprint merger
WASHINGTON (Reuters) - T-Mobile US
said it is getting advice on its proposed $26 billion merger with Sprint Corp from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign manager Corey Lewandowski.
U.S. reaches deal to keep Chinese telecom ZTE in business: congressional aide
WASHINGTON (Reuters) - The Trump administration told lawmakers the U.S. government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior congressional aide said on Friday.
S&P 500 companies return $1 trillion to shareholders in tax-cut surge
SAN FRANCISCO (Reuters) - S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed.
Investors find little appetite for consumer staples
(Reuters) - The consumer staples index <.SPLRCS>, the S&P 500's biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour.
Trump metals tariffs make Granite City great again, but at what cost?
GRANITE CITY, Ill. (Reuters) - After Donald Trump was elected president in 2016 on a pledge to "Make America Great Again" and revive the country's old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois.
FBI warns Russians hacked hundreds of thousands of routers
(Reuters) - The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic.
Fiat Chrysler recalls 5.3 million vehicles for cruise control defect
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV is recalling more than 5.3 million vehicles in North America over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get software upgrades.
EU states agree rules to make search engines pay for news
BRUSSELS (Reuters) - Search engines like Google
and Microsoft's Bing could be made to pay for showing snippets of news articles under draft copyright rules endorsed by European Union ambassadors on Friday.