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

Aon to sell benefits outsourcing to Blackstone for $4.3 billion

Aon could get up to $500 million more based on future performance, as part of the deal. London-headquartered Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018. Proceeds from the deal after tax are expected to be about $3 billion, subject to customary working capital and other adjustments, Aon said.

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Aon to sell benefits outsourcing to Blackstone for $4.3 billion

White House memo confuses Wall Street on fate of fiduciary rule

WASHINGTON/NEW YORK (Reuters) – Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place, but they are taking no chances and complying anyway. President Donald Trump's Friday memorandum ordered the Labor Department to review the so-called “fiduciary” rule, which requires brokers to put their clients' interests first when advising them about 401(k) plans or individual retirement accounts. Trump's memo did not go as far as White House early guidance to reporters that the memo would ask the department to “defer implementation” of the rule.

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White House memo confuses Wall Street on fate of fiduciary rule

Banks, jobs data send Wall Street higher

U.S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector jumped 2 percent to score its best day since mid-November after Trump signed an executive order to scale back regulations in the industry that were implemented in the wake of the financial crisis, including the Dodd-Frank law. JP Morgan Chase shares closed up 3.1 percent at $87.18 as the biggest boost to the S&P 500 and helped push the S&P bank index up 2.6 percent.

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Banks, jobs data send Wall Street higher

U.S. job growth accelerates in January, but wages lag

U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. The unemployment rate, however, rose one-tenth of a percentage point to 4.8 percent and wages increased by only three cents, suggesting that there was still some slack in the labor market.

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U.S. job growth accelerates in January, but wages lag

Buffett, Gates have hope for America after Trump ascension

Bill Gates and Warren Buffett on Friday expressed optimism that the United States will move ahead as a nation, even as it works through political differences and gets used to the new Trump administration. The world's two richest people were speaking to students at Columbia University after U.S. President Donald Trump started to unwind the work of his predecessor Barack Obama in a series of executive orders, prompting concern from critics over what the actions mean for Americans and their place in the world. “I am confident that America will move ahead,” Buffett said.

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Buffett, Gates have hope for America after Trump ascension

Wall Street slips after soft GDP data, earnings

U.S. stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes.

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Wall Street slips after soft GDP data, earnings

Aetna, Humana to consider all options after court blocks merger

The deal would “substantially lessen competition” in the sale of Medicare Advantage plans in 364 counties in 21 U.S. states and on the Obamacare exchange in three Florida counties, the U.S. District Court for the District of Columbia ruled on Monday. “We continue to believe a combined company will create access to higher-quality and more affordable care, and deliver a better overall experience for those we serve,” Aetna Chief Executive Officer Mark Bertolini and Humana Chief Executive Offer Bruce Broussard said in a joint statement on Tuesday.

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Aetna, Humana to consider all options after court blocks merger

Toyota Motor to add 400 jobs at Indiana assembly plant

By Naomi Tajitsu and David Shepardson TOKYO/WASHINGTON (Reuters) – Toyota Motor Corp on Tuesday said it would add 400 jobs to build more SUVs at one of its U.S. plants, highlighting its expansion plans just as U.S. President Donald Trump calls on manufacturers to build more cars in the country. The Japanese automaker said the jobs were part of a $600 million upgrade of its plant in Princeton, Indiana, and were included in its plans announced earlier this month to invest $10 billion in its U.S. operations over the next five years.

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Toyota Motor to add 400 jobs at Indiana assembly plant

Stock rally in recent months driven by global economy, not Trump: Robeco CIO

By Tomo Uetake TOKYO (Reuters) – A rally in global stock markets in the past few months is being driven more by improving economic fundamentals than by expectations of more U.S. fiscal stimulus under President-elect Donald Trump, a chief investment officer of Dutch asset management firm Robeco said. To the contrary, uncertainty over Trump's economic policies is the biggest risk for markets this year, Lukas Daalder, CIO in charge of multi-asset strategies, told Reuters in Tokyo. Ahead of Trump's inauguration on Friday, Daalder said Robeco has brought its positions to almost completely neutral, and will look to build fresh investment strategies after the new administration takes shape.

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Stock rally in recent months driven by global economy, not Trump: Robeco CIO