Today's Top Story
Chinese internet stock sell-off may shake faith in FANGs
SAN FRANCISCO (Reuters) - A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Read More
Business News
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Iran says no OPEC member can take over its share of oil exports
LONDON (Reuters) - Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
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Trump backs CEOs, proposes easing corporate reporting rules
NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.
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VW's CEO was told about emissions software months before scandal: Der Spiegel
FRANKFURT (Reuters) - Volkswagen
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Economic News
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Iran says no OPEC member can take over its share of oil exports
LONDON (Reuters) - Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.
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Turkey's Erdogan says to challenge 'games' on the economy
ANKARA (Reuters) - A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing "games" on the economy.
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Venezuelan shopkeepers alarmed by Maduro's latest economic moves
PUNTO FIJO/SAN CRISTOBAL, Venezuela (Reuters) - After Venezuelan President Nicolas Maduro's 60-fold increase to the minimum wage, storeowners on Saturday wrestled with an anguishing decision: Close up shop or hit customers with steep price hikes at the risk of sinking the business.
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Money News
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Chicago teachers pension fund divesting from private prisons
NEW YORK (Reuters) - The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an outsized negative impact on minorities and the poor.
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Trump backs CEOs, proposes easing corporate reporting rules
NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.
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Kill quarterly reporting? Some investors ring alarm bells
NEW YORK (Reuters) - Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.
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