Reuters - Business Today

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Friday, January 12, 2018

U.S. core consumer prices post biggest gain in 11 months

WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will gain momentum this year.

U.S. retail sales rise; core sales revised sharply higher

WASHINGTON (Reuters) - U.S. retail sales increased in December as households bought a range of goods and figures for the prior month were revised higher, suggesting the economy exited 2017 with strong momentum.

Futures rise as investors assess big bank earnings

(Reuters) - U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders.

Explainer: Investors to scour outlooks for U.S. companies' tax cut plans

NEW YORK (Reuters) - Corporate results for 2017's final quarter will start pouring in next week and are expected to be laden with one-time charges as U.S. companies begin to cope with tax code changes, including a one-time tax on trillions of dollars in profits held overseas.

JPMorgan profit beats on higher interest rates; debt trading down

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.

Wells Fargo profit boosted by one-time tax benefit

(Reuters) - Wells Fargo & Co posted an 18 percent rise in fourth-quarter profit on Friday, driven by a one-time tax benefit related to President Donald Trump's new tax laws.

Facebook shares slip after News Feed overhaul

(Reuters) - Shares of Facebook Inc fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centerpiece News Feed that he said would hit user engagement in the near term.

China cracks down on foreign companies calling Taiwan, other regions countries

SHANGHAI (Reuters) - China's aviation authority on Friday demanded an apology from Delta Air Lines for listing Taiwan and Tibet as countries on its website, while another government agency took aim at Inditex-owned fashion brand Zara and medical device maker Medtronic Plc for similar issues.

BlackRock profit beats as ETFs attract more investment

(Reuters) - BlackRock Inc on Friday reported a better-than-expected quarterly profit, as investors flooded into the world's biggest asset manager's exchange-traded funds (ETFs).

Chinese bitcoin miners eye sites in energy-rich Canada

MONTREAL/SHANGHAI (Reuters) - China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.