U.S. Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of “several years” where the job market remains strong and inflation stays around the Fed’s 2 percent target.
Rolls-Royce could start stockpiling parts in months if it looked like Britain was heading towards a disorderly exit from the European Union, the CEO of the UK engine-maker said, expressing frustration with the lack of clarity on the Brexit process.
U.S. stock indexes pared some losses on Tuesday after Federal Reserve Chairman Jerome Powell said in a Congressional testimony there were “several years” of strong jobs and low inflation still ahead for the U.S. economy.
Forget John F. Kennedy’s baby blue: The next version of Air Force One will be painted in the colors of the American flag, says President Donald Trump. “It’s going to be the top of the line, the top in the world,” Trump said in an interview with CBS. The new paint job for a global symbol of U.S. power would replace the blue, light-blue and white color scheme that dates to the Kennedy era. …read more […]
Wall Street dipped on Tuesday as Netflix’s slump due to weak subscriber growth weighed on other high-growth stocks, while investors awaited Federal Reserve Chairman Jerome Powell’s Congressional testimony.
European planemaker Airbus said on Tuesday a U.S. airline start-up backed by investors including JetBlue founder David Neeleman had signed a provisional deal to buy 60 Airbus A220-300 aircraft.
Asda, the British supermarket arm of Walmart that has agreed to be taken over by rival Sainsbury’s , has proposed the closure of a home shopping center in London, putting 261 jobs at risk, it said on Tuesday.
U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.
European travel and tourism group TUI is likely to plump for the larger variant of the Boeing 737 MAX plane when it exercises options on an existing order, a board member said on Tuesday.
U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.
Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones.
British Prime Minister Theresa May faces a battle in parliament on Tuesday, with pro-EU lawmakers hoping to influence her plans to leave the European Union a day after she bowed to demands from Brexit campaigners.
Japan’s Mitsubishi Aircraft Corp, trying to keep its new regional jet on track after series of delays, was forced to cancel a demo flight for the world’s aerospace industry on Tuesday after the jet was hit by a truck.
Boeing (BA.N) raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry’s resilience to rising global trade tensions. The world’s biggest planemaker predicted 42,700 industry deliveries over the next two decades, up three percent from its estimate of 41,030 a year ago. The U.S. group and European rival Airbus (AIR.PA) continued to rack up deals at the air show in southern England after a brisk opening day on Monday. …read more […]
Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, replacing Lloyd Blankfein who will step down on Sept. 30.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
