Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production.
Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm.
President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened.
The United States will push its allies at a meeting in Prague next month to adopt shared security and policy measures that will make it more difficult for China’s Huawei to dominate 5G telecommunications networks, according to people familiar with the matter and documents seen by Reuters.
The co-founder of Indonesia’s Lion Air, one of two airlines that lost passengers and crew in recent crashes involving the 737 MAX, has lashed out at Boeing’s handling of the accidents as the potential business fallout from the jet’s grounding intensifies.
Normally, U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.
United Airlines said on Monday it plans to operate non-stop flights between New York and Cape Town thrice a week starting December.
World stocks reversed earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, while oil prices fell as Russia mulled boosting production.
U.S. President Donald Trump on Monday urged Boeing Co to fix and “rebrand” its 737 MAX jetliner following two fatal crashes, while the planemaker said it was brainstorming with airlines over other ways to win back public trust.
The United States has missed an opportunity to gain economic leverage over China when it opted to put tariffs on the European Union rather than join forces with it, the Speaker of the U.S. House of Representatives, Nancy Pelosi, said on Monday.
Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s chief executive officer, the first woman to lead the consumer electronics retailer in its 53-year history.
UniCredit Group, Italy’s biggest bank by assets, has agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday.
United Continental Holdings Inc said on Monday it had pulled Boeing Co’s 737 MAX flights out of its schedule through early July, following similar moves by rivals American Airlines Group Inc and Southwest Airlines Co.
Boeing Co has started brainstorming with its airline customers over ways to win back public trust in the 737 MAX brand, with pilots expected to play a pivotal role in the process, an executive told Reuters on Monday.
Two leading shareholder advisory firms threw their support behind Allergan Plc’s management by recommending that investors vote against billionaire investor David Tepper’s proposal that the Botox maker immediately split the roles of chief executive officer and chairman.
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