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News Highlights : Top Global Markets News of the Day

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05/17/2018 | 05:16pm CEST
Stocks Inch Lower, Dragged Down by  Banks, Tech Firms 
 

U.S. stocks edged lower, as declines among shares of banks and technology companies pulled major indexes down.

 
Oil Is Above $70, but Frackers Still Struggle to Make Money 
 

American shale drillers are still spending more money than they are making, even as oil prices rise.

 
Trump Presses Germany to Drop Russian Pipeline for Trade Deal 
 

President Trump is pressing Germany to pull the brakes on a major gas deal with Russia as the price for avoiding a trans-Atlantic trade war.

 
US Jobless Claims Rise, But Hover Near Recent Lows 
 

The number of U.S. workers filing applications for jobless benefits went up more than expected last week but remained at historically low levels.

 
U.S. Household Wealth Rises Largely Among High-Credit-Score Borrowers 
 

American home equity has recently recovered, but much of this household wealth is more likely to be held by older, high-credit-score borrowers less exposed to financial shocks.

 
FDA Calls Out Drug Makers That Improperly Block Generic Competition 
 

The Food and Drug Administration took the aggressive step of publicly exposing drug companies it says may be gaming the system by improperly blocking competition from generics.

 
Why Lithium and Cobalt Producers Are the Hot New Acquisition Target 
 

Tesla and a large Chinese firm each struck new deals with lithium producers, the latest sign that technology companies, car makers and other big users of lithium are rushing to secure supplies of the material used in electric car and cell phone batteries.

 
Europe's Battle Resumes: Economics versus Politics 
 

Investors in Europe were worried last year about political risk that failed to emerge and surprised by economic growth they didn't expect. This year is starting to look like the opposite of that happy picture-challenging markets.

 
A New North Korea Solution: A Down Payment on Denuclearization 
 

A partial surrender of nuclear arms and missiles by North Korea could help break a deadlock between Washington and Pyongyang over how to begin the process of denuclearization.

 
Brent Crude Hits $80 Amid Concerns Over Iran Supply 
 

Brent crude prices climbed past $80 a barrel, as Washington's decision to reinstate sanctions on Iran continued to fuel a rally that has pushed the market to 3 1/2 -year highs.

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