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By Deena Beasley (Reuters) -Gilead Sciences reported third-quarter financial results that handily beat Wall Street expectations on Wednesday as sales climbed 7%, leading the drugmaker to raise its outlook for full-year earnings. Gilead shares rose more than 3% after it reported its results and revised forecast. The Foster City, California-based company posted an adjusted quarterly …

Gilead 3rd-quarter results beat Wall Street estimates, raises outlook Read More »

(This Oct. 31 story has been corrected to fix the spelling of the name ‘Shiva Rajgopal’ in paragraphs 3 and 5) By Ross Kerber (Reuters) – Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend …

Companies boost social and climate reporting amid ESG backlash Read More »

By Medha Singh (Reuters) -Donald Trump’s U.S. presidential election victory boosted the stock market on Wednesday as investors bet on lower corporate taxes and deregulation, lifting shares of Tesla , banks, small-cap companies and Trump’s own media company. His promise to make Tesla CEO Elon Musk head of a government efficiency commission after the billionaire …

From banks to small-caps, Trump victory drives rally in stocks Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -U.S. Treasuries fell sharply on Wednesday, propelling yields to multi-month highs as Donald Trump’s presidential election victory ignited bets on economic policy shifts that could boost deficits and inflation. The Republican former President swept back to power early on Wednesday, beating Democratic candidate Vice President Kamala Harris and capping …

US yields post sharp gains as Trump victory triggers caution about deficits Read More »

By Karin Strohecker, Noe Torres and Rodrigo Campos LONDON/MEXICO CITY/NEW YORK (Reuters) -Mexico’s peso was narrowly weaker on Wednesday after largely recovering from a slump earlier in the day to its lowest level in more than two years, as analysts said the slide in response to Donald Trump’s U.S. election victory was overdone. While the …

Mexico’s peso trims early losses against dollar as markets digest Trump’s win Read More »

By Nell Mackenzie and Tom Westbrook LONDON (Reuters) – Hedge funds including BlueBay were turning their attentions to crude oil, U.S. Treasuries, tech and U.S. banks on Wednesday, after Donald Trump was elected president. Trump’s victory gives him a clear mandate to implement his policy agenda, which includes plans to cut U.S. corporate taxes, said …

BlueBay, other hedge funds turn focus to bank, bond and oil trades under Trump Read More »

(Reuters) – Blackstone Real Estate on Wednesday entered into an agreement to take Retail Opportunity Investments Corp private in an all-cash transaction valued at about $4 billion, including debt. Reuters reported on Sunday that the alternative asset manager was in advanced talks for the acquisition of the company, which owns strip malls across the United …

Blackstone Real Estate to take Retail Opportunity private in $4 billion deal Read More »

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join Donald Trump’s administration despite questions about whether he would take a senior government role after the U.S. presidential election, a source said. Dimon, 68, has been the subject of repeated speculation in recent …

JPMorgan CEO Dimon to remain at bank and has no plans to join Trump administration, source says Read More »