Wall St. set to extend record run as ‘Trump trade’ rekindles

The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

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Wall St. set to extend record run as ‘Trump trade’ rekindles

Deutsche Bank sees fourth quarter pretax impact of $1.2 billion from DoJ civil penalty

Deutsche Bank expects a negative impact of $1.2 billion on its fourth-quarter pretax profit from a civil monetary penalty of $3.1 billion agreed with the U.S. Department of Justice, its chief executive said in a message to staff. Germany's biggest bank on Tuesday finalised a $7.2 billion settlement with the DoJ over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, which also included $4.1 billion of consumer relief.

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Deutsche Bank sees fourth quarter pretax impact of $1.2 billion from DoJ civil penalty

Asia stocks hover near three-month highs; sterling in spotlight

Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S. President-elect Donald Trump's concerns over a stronger dollar to be beneficial to some of the regional bourses. Short-covering also helped, especially in China , which tumbled more than 4 percent last week, as traders took some money off the table before Trump's inauguration on Friday. In Asia, MSCI's ex-Japan Asia-Pacific shares index rose 0.4 percent, just shy of a three-month high hit last Thursday.

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Asia stocks hover near three-month highs; sterling in spotlight

After a year, Carnegie Mellon and Uber research initiative is stalled

By Heather Somerville SAN FRANCISCO (Reuters) – More than a year after Uber announced a research pact with Carnegie Mellon University – and then hired away four of the institution's faculty and 36 researchers and technicians – the ride-hailing company and university have not collaborated on a single project, according to CMU faculty and administrators. Herman Herman, director of CMU's National Robotics Engineering Center, former employer of the experts Uber [UBER.UL] hired, said the center currently has no plans for research projects with Uber, adding, “certainly we are open to it in the future.” Despite the lack of research collaboration, Uber in September provided the university with a $5.5 million gift to pay for new robotics faculty and graduate research.

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After a year, Carnegie Mellon and Uber research initiative is stalled

Stocks edge up as Fed outlook, China gains, trump oil slip

Shares edged up in Europe and Asia on Monday, shrugging off a retreat in oil on concerns over excess supply, as gains in Chinese shares and a benign U.S. interest rate outlook brightened the mood. Traders cited concerns over splits in the ruling Conservative Party over last week's budget and a referendum on Britain's European Union membership, after a pro-“Brexit” minister quit on Friday over spending cuts.

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Stocks edge up as Fed outlook, China gains, trump oil slip