Business & Finance News
Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June.
The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Agency said on Monday.
U.S. consumers expect prices to rise more slowly, according to the Federal Reserve Bank of New York, a decline in inflation expectations in February that likely reinforces policymakers’ reluctance to hike rates.
Wells Fargo & Co Chief Executive Tim Sloan will tout the bank’s progress in repaying wrongly charged customers and highlight changes to its risk management structure during testimony to U.S. lawmakers on Tuesday, according to prepared remarks.
Plunging car output drove an unexpected drop in production of German goods in January and an industry body cut its 2019 growth forecast, adding to signs that trade tensions and unease about Brexit are weighing on Europe’s largest economy.
Shares of Boeing Co slid 10 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 MAX 8 planes following the second deadly crash involving the jet in just five months.
The Dow Jones Industrial index fell on Monday as shares of the world’s largest planemaker tumbled after a second deadly crash in just five months, but a jump in technology stocks helped cap some losses and lift the broader markets.
China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday as witnesses recalled the terrifying spectacle of smoke and debris trailing from an Ethiopian Airlines plane before it crashed killing 157 people.
Two top shareholders in Deutsche Bank are skeptical about a merger with its rival Commerzbank, doubting that such a combination would guarantee higher returns, people familiar with the matter said.
Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of disappointing economic data and growth warnings from central banks triggered their worst weekly performance so far this year.
The Dow Jones Industrial index opened sharply lower on Monday after a fatal plane crash in Ethiopia caused a fall in the shares of Boeing Co and capped gains in the broader markets.
Electric carmaker Tesla Inc backed off its plan to close all of its U.S. stores in a blog post https://www.tesla.com/en_NZ/blog/update-tesla-stores-and-pricing?redirect=no and instead will raise prices of its high-end vehicles by about 3 percent on average, as it strives for profitability.
U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought.
China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday, and investigators recovered the black box from a crash that killed 157 people, the second disaster in less than five months involving the new model.
An Ethiopian Airlines plane that crashed on Sunday, killing all 157 people onboard, was trailing smoke and making a strange sound before it came down, two witnesses said.
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