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 WASHINGTON (Reuters) - President Donald Trump will meet with Apple Inc Chief Executive Officer Tim Cook on Wednesday, as the technology industry finds itself in the crosshairs of a U.S. trade spat with China, a manufacturing hub for the iPhone maker and other companies.
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HONG KONG/SHANGHAI (Reuters) - Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.
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CNBC
Premarket action pointed to a weak open on Wednesday, despite strong stock futures gains from Boeing (BA), Twitter (TWTR) Cree (CREE) and others after positive quarterly reports. X. Error loading player: No playable sources found. Dow Jones futures
Stock market on t
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(Reuters) - Dow Jones Industrial Average futures erased losses on Wednesday after Boeing reported strong results and forecast, but concerns about rising U.S. bond yields and corporate costs continued to weigh on U.S. stocks.
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 Shares of Verizon Communications Inc. are up 0.7% in premarket trading Wednesday after the stock was upgraded to buy from hold at SunTrust Robinson Humphrey. "We believe fundamentals are stabilizing, as evidenced by 1Q18 results, and valuation is relatively attractive vs. peers and the broader market," wrote analyst Greg Miller. He said that Verizon is less exposed than AT&T Inc. to "declining legacy businesses" such as wireline and pay-TV. Miller also wrote that Verizon is following a "disciplined capex strategy," with plans to spend at similar levels to years past even as it works toward the rollout of 5G. "While we cannot rule out a large, potentially risky M&A event, we think VZ has demonstrated discipline in this regard and continues to be better positioned vs. AT&T, its largest peer, which faces greater headwinds from legacy businesses and M&A risk," wrote Miller, who has a $58 target price on the stock. Verizon shares are down 6.2% so far this year, compared with a 2.8% drop for the Dow Jones Industrial Average .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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