Reuters - Before the Bell

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Friday, January 12, 2018

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.

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.

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).

China's COFCO makes painful cuts in drive to lead global food trade

LONDON/PARIS/BEIJING (Reuters) - China's COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.

BlackRock's Fink: Market run-up a 'recalibration' of U.S. earnings

NEW YORK (Reuters) - BlackRock CEO Larry Fink, on CNBC television, said U.S. tax cuts have added fuel to the stock market rally and that there is more room to run.

Facebook to emphasize friends, not news, in series of changes

SAN FRANCISCO/LONDON (Reuters) - Facebook Inc on Thursday began to change the way it filters posts and videos on its centerpiece News Feed, the start of what Chief Executive Mark Zuckerberg said would be a series of changes in the design of the world's largest social network.

Some Chinese Apple users warned by firm on dodging new data law

BEIJING (Reuters) - Some Chinese users of Apple Inc's products who have created Apple IDs overseas to circumvent a new law that requires their personal data to be stored within China say they have been warned by the tech giant that they risk losing the data.

Global stocks recover from wobble as ECB sends euro, yields higher

LONDON (Reuters) - World stocks scaled fresh peaks on Friday while the euro hit a three-year high and Bund yields rose as progress on forming a German government gave fresh impetus to a bond market sell-off triggered by signs the ECB may accelerate an end to its stimulus.

No pedal to the metal in GM's planned self-driving Cruise AV car

DETROIT (Reuters) - General Motors Co is seeking U.S. government approval for a fully autonomous car - one without a steering wheel, brake pedal or accelerator pedal - to enter the automaker's first commercial ride-sharing fleet in 2019, executives said.

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.