Wall Street rallies after Trump calls off Mexico tariffs

Wall Street rallies after Trump calls off Mexico tariffs
(Reuters) – Wall Street’s main indexes climbed on Monday, as investors were relieved after the United States abandoned its plans to impose tariffs on Mexican goods. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid Mexico on Friday agreed to step up efforts to stem the... Read More

Investment grade bond funds suck in record $12.3 billion as investors ditch stocks: BAML

Investment grade bond funds suck in record $12.3 billion as investors ditch stocks: BAML
LONDON (Reuters) – Investors plowed a record $12.3 billion into investment grade bond funds and ditched equities over the past week, Bank of America Merrill Lynch said on Friday, as worries over trade tensions and the world economy reinforced a run for safe-haven bets. Bond funds overall pulled in $17.5 billion in the week to Wednesday, their second biggest week... Read More

UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management

UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management
ZURICH/TOKYO (Reuters) – Swiss lender UBS will sign a deal with Japan’s Sumitomo Mitsui Trust for a wealth management tie-up in Japan, with the two aiming to establish a new company by 2021, the Japanese bank said on Friday. FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, 2015. REUTERS/Arnd Wiegmann The deal... Read More

Beyond Meat sees sales more than doubling in 2019, shares jump 21%

Beyond Meat sees sales more than doubling in 2019, shares jump 21%
(Reuters) – Beyond Meat Inc said it expects to more than double its revenue this year, sending the plant-based burger maker’s shares up over 21 percent. FILE PHOTO: Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, U.S., June 5, 2019. REUTERS/ The company, which also reported quarterly revenue... Read More

Senate Democrats seek Fed probe into Deutsche Bank and Trump

Senate Democrats seek Fed probe into Deutsche Bank and Trump
FILE PHOTO – Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach WASHINGTON (Reuters) – A group of U.S. Senate Democrats is urging the Federal Reserve to investigate Deutsche Bank AG’s relationship with President Donald Trump and his son-in-law and adviser Jared Kushner. The lawmakers,... Read More