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Dollar on defensive as Trump disappoints bulls

By Wayne Cole SYDNEY (Reuters) – The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's widely-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls wagering on major stimulus. It was enough to

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Dollar on defensive as Trump disappoints bulls

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Citigroup may benefit less from tax cuts than other U.S. banks

Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…

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Citigroup may benefit less from tax cuts than other U.S. banks

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Google shows improved self-driving system in Chrysler Pacifica

By Alexandria Sage and Paul Lienert DETROIT (Reuters) – Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to…

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Google shows improved self-driving system in Chrysler Pacifica

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FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

Fiat Chrysler Automobiles said on Sunday that it would invest $1 billion to retool and modernize two plants in the U.S. Midwest, including one that would be able to make the Ram heavy-duty pickup truck currently produced in Mexico. The company also said it planned to add three new Jeep models, including a pickup truck, to its product

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FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

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Trump hits Toyota in latest broadside against carmakers and Mexico

U.S. President-elect Donald Trump targeted Toyota Motor Corp on Thursday, threatening to impose a hefty fee on the world's largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico. “Toyota Motor said …

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Trump hits Toyota in latest broadside against carmakers and Mexico

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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

By Bernie Woodall and David Shepardson FLAT ROCK, Mich./WASHINGTON (Reuters) – Ford Motor Co on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a “big border tax” over compact cars made in Mexico. Ford CEO Mark Fields called the move “a vote of confidence” in Trump, but primarily a response to a decline in North…

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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

By Richard Cowan PALM BEACH, Fla. (Reuters) – U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of a previously disclosed pledge by Japan's SoftBank Group Corp. SoftBank holds stakes in both companies and its chief, billionaire…

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Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

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U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

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U.S. housing, consumer confidence data bolster economic outlook

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U.S. consumer spending slows; business investment perking up

U.S. consumer spending increased modestly in November as household income failed to rise for the first time in nine months, suggesting the economy slowed in the fourth quarter after growing briskly in the prior period. The slowdown in growth is likely to be temporary given the strong economic foundation that could be bolstered by President-elect

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U.S. consumer spending slows; business investment perking up

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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

By Byron Kaye and Jonathan Barrett SYDNEY (Reuters) – Australia's No. 1 casino company Crown Resorts Ltd is planning a near-total exit from the world's two biggest gaming hubs, Las Vegas and Macau, as a gambling crackdown in China hits profits and throws its expansion plans into disarray. The retreat from overseas casinos shows the impact the Chinese government's anti-graft campaign is having on casino…

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Australia’s Crown Resorts leaves Las Vegas, sells down Macau

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