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Wednesday, January 3, 2018
Intel working to fix security flaw in its chips without slowing computers
FRANKFURT/SAN FRANCISCO (Reuters) - Intel Corp on Wednesday acknowledged a report that a design flaw in its chips could let hackers steal data from computing devices but said that it was working on a solution that would not significantly slow computers.
Wall Street ends higher on strong economic data
(Reuters) - The S&P 500 index rose above 2,700 for the first time on Wednesday and other major indexes hit record highs as technology stocks climbed amid indications of robust economic growth in the United States and overseas.
Petrobras to pay $2.95 billion to settle U.S. corruption lawsuit
NEW YORK (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.
Oil hits highest in 2-1/2 years on Iran tensions, economic data
LONDON (Reuters) - Oil prices rose about 2 percent on Wednesday to the highest in 2-1/2 years, with a sixth day of unrest in OPEC member Iran and strong economic data from the United States and Germany spurring buying.
AmEx to post fourth-quarter loss on $2.4 billion hit from tax legislation
(Reuters) - American Express Co said it expects to report a fourth-quarter loss due to a $2.4 billion hit from the tax legislation which makes it cheaper for U.S. companies to repatriate profits.
Fed policymakers see future rate rises guided by inflation, fiscal stimulus
WASHINGTON (Reuters) - U.S. Federal Reserve policymakers showed worry over the fate of currently low inflation and saw recent tax changes as providing a boost to consumer spending, according to the minutes of the U.S. central bank's last policy meeting on Dec. 12-13 released on Wednesday.
Dollar up after Fed minutes, world shares hold record highs
NEW YORK (Reuters) - The U.S. dollar extended gains against key currencies on Wednesday after the release of minutes from last month's Federal Reserve meeting, while world shares smashed records on investor optimism in the new year.
Spotify makes confidential filing for U.S. IPO: source
NEW YORK/SAN FRANCISCO (Reuters) - Music streaming service Spotify has filed confidentially with U.S. regulators for an initial public offering and is targeting a direct listing in the first half of 2018 that would allow some longtime investors to cash out, a source familiar with the matter said on Wednesday.
Factbox: Fed staff forecasts from FOMC minutes
The following are the Federal Reserve's staff forecasts as contained in the minutes of recent Federal Open Market Committee meetings:
Traders keep bets on two Fed rate hikes after release of minutes
(Reuters) - U.S. short-term interest-rate futures fell slightly on Wednesday after minutes from the Federal Reserve's December meeting suggested policymakers were by and large confident that they will need to raise rates further this year.
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