Business & Finance News
U.S. President Donald Trump said on Thursday that trade talks with China were going well and he would only accept a “great” deal as negotiators hammered out differences ahead of a meeting between Trump and China’s vice premier later in the day.
Pilots of an Ethiopian Airlines jet wrestled with controls to stay aloft but plunged to the ground after restoring current to a computer system that was ordering the nose down because of faulty sensor data, a preliminary report showed on Thursday.
U.S. President Donald Trump plans to nominate former pizza chain executive and Republican presidential candidate Herman Cain for a seat on the Federal Reserve Board, Bloomberg News reported on Thursday.
The family of an American woman killed in the crash of an Ethiopian Airlines 737 MAX filed a lawsuit on Thursday against the airline, Boeing Co and Rosemount Aerospace Inc, the manufacturer of a part of the aircraft that is the focus of investigators.
The number of Americans filing applications for unemployment benefits fell to a nearly half-century low last week, pointing to sustained labor market strength despite slowing economic growth.
Boeing Co said on Thursday that its new software fix for its anti-stall system, at the center of investigations into two deadly plane crashes, will give pilots the authority to always override the system if activated by faulty sensor data.
U.S. consumer activist Ralph Nader called on Thursday for consumers to boycott Boeing Co’s 737 MAX aircraft, which suffered two deadly accidents in five months.
The S&P 500 swung between gains and losses on Thursday, but held near six-month highs with support from Boeing Co and Facebook Inc, as investors waited for more clarity on the U.S.-China trade talks.
JPMorgan Chase & Co chief executive Jamie Dimon on Thursday called for reforms to U.S. public policy on education, infrastructure and mortgages to repair what he called the “fraying” American dream.
Brent oil prices rose on Thursday, resuming their climb toward $70 per barrel as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.
Global stocks edged lower on Thursday, as investors looked for tangible signs of progress in U.S.-China trade talks while the euro was dented after disappointing economic data out of Germany.
Abu Dhabi National Oil Company (ADNOC) is considering a secondary listing for its subsidiary ADNOC Distribution overseas, three sources told Reuters.
A bigger-than-expected drop in Tesla Inc deliveries spooked stock and bond investors, worried about the electric-car maker’s ability to make money as Chief Executive Elon Musk heads into another legal tussle with regulators on Thursday.
Deutsche Bank came under increased pressure on Thursday to move forward on a tie-up with Commerzbank after Italy’s UniCredit was named as a potential alternative bidder for the German lender.
U.S. stocks inched higher on Thursday driven by Facebook Inc and Boeing Co, adding to gains following a strong start to the quarter, while investors kept a close watch on U.S.-China trade talks.
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