| | | Citi profit beats estimates as fixed-income trading jumps | | | (Reuters) - Citigroup Inc reported a better-than-expected 17 percent jump in quarterly profit, boosted by strong fixed-income trading as clients adjusted their positions following rate hikes by the Federal Reserve and changes in the forex and credit markets. |
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| | | Wells Fargo reports slight drop in profit | | | (Reuters) - Wells Fargo & Co, which has been mired in litigations stemming from a sales scandal, reported a 0.6 percent fall in quarterly profit on Thursday, hit by weaker mortgage banking fees and higher costs. |
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| | | Trump triggers U.S. bond yield slide, dollar recovers | | | LONDON (Reuters) - U.S. Treasury yields tumbled on Thursday and were on track for the biggest weekly decline since late 2015 after U.S. President Donald Trump said he would like to see interest rates stay low, while inflows into bonds drained life from stocks. |
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| | | Tesla's Musk tells disgruntled shareholders: Buy Ford | | | SAN FRANCISCO/DETROIT (Reuters) - A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to Chief Executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics." |
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| | | Gray market has become a necessary evil for luxury watchmakers | | | ZURICH (Reuters) - A diamond-studded Rolex at 40 percent off the $34,000 retail price or an Omega Speedmaster Moonphase for less than $10,000? While still out of reach for most people, the increasing prevalence of such deals highlights the perplexing predicament in which luxury watchmakers now find themselves. |
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