Business News
Wall St. clings to gains on trade hopes
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, after U.S. President Donald Trump predicted a swift end to the ongoing trade war with China.
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Business News
Boeing faces SEC probe into disclosures about 737 MAX problems: Bloomberg
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday.
Business News
United Airlines says it is canceling Boeing 737 MAX flights through Aug. 3
United Airlines said on Friday it is extending its Boeing Co 737 MAX cancellations by a month, now through Aug. 3, leading to about 40 or 45 daily canceled flights.
Business News
Wall Street week ahead: Trade protection doesn’t have to exclude growth stocks
The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don’t need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.
Business News
Boeing faces SEC probe into disclosures about 737 MAX problems – Bloomberg
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday.
Business News
Boeing at two-week high as approval for 737 MAX to fly seen by late June
Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.
Business News
Oil steady but set for 2019’s biggest weekly loss
Oil prices were steady on Friday ahead of long U.S. and UK holiday weekends, but were on track for its biggest weekly drop of the year, pressured by rising inventories and concern over an economic slowdown.
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Business News
Wall Street gains on trade reprieve ahead of long weekend
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, as investors breathed a sigh of relief after President Donald Trump indicated that the protracted trade war with China could end soon.
Business News
Goldman bumps up no-deal Brexit odds after May resignation
Goldman Sachs raised its probability of a no-deal Brexit to 15% from 10% on Friday as Prime Minister Theresa May’s resignation potentially opened the way for a more hardline politician to lead the UK to exiting the European Union.
Business News
German appeals court rules in favor of VW diesel owners
A regional appeals court in Karlsruhe on Friday ruled that German Volkswagen dealers must take back cars fitted with illegal software devices or give their customers new vehicles.
Business News
Wall Street opens higher as trade worries ease
U.S. stocks rose at the open on Friday, a day after a sharp sell off, as sentiment was buoyed by comments from President Donald Trump predicting a swift end to the protracted trade dispute with China.
Business News
Wall Street set for modest gains at open after previous day’s sell-off
U.S. stocks were set to open modestly higher on Friday after a sell-off, on cautious optimism after President Donald Trump predicted a swift end to the tariff war with China and a resolution to complaints against Huawei Technologies Co Ltd.
Business News
Huawei shipments could fall by up to a quarter this year: analysts
China’s Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.
Business News
Futures attempt rebound after sharp sell-off in previous session
U.S. stock index futures edged higher on Friday, attempting to bounce back from the previous session’s steep sell-off, on cautious optimism after President Donald Trump predicted a swift end to the ongoing tariff war with China.