Business News
Tech, energy stocks lift Wall Street
U.S. stocks powered higher on Tuesday, shaking off a subdued start, as Apple led a jump in technology stocks and a rise in oil prices lifted energy companies.
Year: 2018
Business News
U.S. to probe India’s Mahindra over Fiat Chrysler Jeep complaint
A U.S. regulator said on Tuesday it would launch an investigation into an off-road utility vehicle produced by Mahindra and Mahindra Ltd following a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design.
Business News
Canada’s Freeland returns to Washington for NAFTA talks
Canadian Foreign Minister Chrystia Freeland returned to Washington on Tuesday for talks aimed at rescuing the North American Free Trade Agreement as time was running short before an Oct. 1 deadline.
Business News
Boeing 737 deliveries rebound in August to 48, from July low
Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, bouncing back from the 29 it delivered in July, the fewest in years.
Business News
Wall Street rises as tech, energy gains dull trade war jitters
U.S. stocks rose on Tuesday, boosted by energy companies and technology stocks, including Apple, although there were lingering concerns about the U.S. trade war with China.
Trading Ideas
Tesla to drop some colour options for cars to simplify production
Tesla currently offers seven colours for its vehicles that include top variant Model S, mid level Model X and its most affordable sedan Model 3. The company is trying to iron out production bumps after struggling to produce Model 3 sedans and failing to meet several production deadlines. “Moving 2 of 7 Tesla colours off menu on Wednesday to simplify manufacturing. …read more […]
Business News
Cadbury owner Mondelez builds Brexit chocolate stash
Cadbury owner Mondelez International is stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit.
Business News
German consumer body to present class action against VW
Germany’s consumer protection association and auto club ADAC will on Wednesday present a class action against Volkswagen over the carmaker’s manipulation of emissions software.
Business News
Tesla to drop some color options for cars to simplify production
Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.
Trading Ideas
Apple to Unveil Three New IPhone Models
Sep.11 — Apple is expected to announce three new iPhone models at their September 12 event in Cupertino, California. Bloomberg’s Mark Gurman reports. …read more […]
Trading Ideas
Boeing 737 deliveries rebound in August to 48, from 29 in July
Deliveries at the world’s biggest planemaker have been delayed as unfinished aircraft pile up at its Renton, Washington plant as a result of production bottlenecks at its suppliers. Boeing’s 737 and Airbus’ (AIR.PA) A320 family of single-aisle aircraft are the cash cows of the two companies, the world’s largest aircraft manufacturers. While monthly delivery figures can fluctuate, the numbers give a snapshot of how far behind Boeing is delivering planes against its production of 52 narrowbodies per month. …read more […]
Trading Ideas
Boeing 737 deliveries rebound in August to 48, from 29 in July
Deliveries at the world’s biggest planemaker have been delayed as unfinished aircraft pile up at its Renton, Washington plant as a result of production bottlenecks at its suppliers. Boeing’s 737 and Airbus’ (AIR.PA) A320 family of single-aisle aircraft are the cash cows of the two companies, the world’s largest aircraft manufacturers. While monthly delivery figures can fluctuate, the numbers give a snapshot of how far behind Boeing is delivering planes against its production of 52 narrowbodies per month. …read more […]
Business News
Canada’s Freeland says U.S. NAFTA talks still constructive, productive
Canadian Foreign Minister Chrystia Freeland said on Tuesday that discussions with the United States about forging a new North American Free Trade Agreement were still constructive, so the two sides agreed to meet again for further negotiations.
Business News
Former Volkswagen boss dragged feet in emissions scandal: judge
Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday.
Business News
U.S.-China trade dispute weighs on equity markets
A broad index of world stock markets edged lower on Tuesday as it struggled to maintain momentum amid lingering concerns over a trade dispute between Washington and Beijing.