U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency’s performance in the wake of two fatal crashes of Boeing Co’s 737 MAX planes since October.
Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 22% after voters handed its president an election mauling.
On Friday, I was doing my morning run on the treadmill as I flipped through premarket financial news.
And I watched the former head of the Food and Drug Administration (FDA), Dr. Scott Gottlieb, on CNBC’s Squawk Box.
At times, the interview had me irritated. At other points, I was nodding my head.
In my view, his comments really painted the problem American cannabis and CBD companies are faced with. And a lot of it comes down to lack of clarity.
Gottlieb stated that “all the CBD being put into food and dietary supplements is illegal.”
When those words left his mouth, I cringed at …read more […]
U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes.
Oregon has joined a multistate lawsuit to block the merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp , the New York attorney general’s office, which is leading the lawsuit along with California, said on Monday.
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth due to the U.S.-China trade war.
U.S. stocks slipped on Monday as political tensions around the world and fears that a prolonged U.S.-China trade war would push the global economy into recession sapped risk appetite.
If you’re trying to eat better, you won’t focus on the grocery store, but rather the choices you make there.
Today, Alexander Green explains why the same is true for investors: The key to health (and wealth) isn’t where you shop, but what you buy.
Tell people you are an investment analyst, and you’re bound to hear the same question over and over: “So what do you think about this market?”
“I try not to,” I often reply.
I’m not being flip. Most investors spend far too much time obsessing over the market.
Is it overvalued? Is it undervalued? Will the bull market continue? When …read more […]
U.S. stocks slipped on Monday, dragged down by financial shares, as investors fled riskier assets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.
Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.
India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet’s Google .
Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month.
Lloyd’s of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations and save costs.
U.S. stocks opened lower on Monday, dragged down by financial stocks, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.
CBS Corp and Viacom Inc are in the final stages of negotiation of an all-stock merger that values the latter at a discount to its closing price on Friday, two sources told Reuters.
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