Business & Finance News
Wall Street hit record highs for the third straight session on Monday, as upbeat domestic data from China and cooling trade tensions between Washington and Beijing improved investor outlook on global economic growth.
Boeing Co’s suppliers are bracing for a possible halt in production of the 737 MAX, as the grounding of the planemaker’s fast-selling aircraft is pushed into 2020, possibly resulting in lost revenues and adding to billions of dollars in costs.
Bayer AG on Monday said it has asked a U.S. federal appeals court to throw out a $25 million judgment it was ordered to pay to a California man who blamed the company’s Roundup weed killer for his cancer.
U.S. exports to China will double under the so-called Phase One trade deal reached between Washington and Beijing, a top White House adviser said on Monday.
Oil prices rose back toward the previous session’s three-month highs on Monday, supported by last week’s announcement of an initial trade deal between the United States and China.
Intel Corp has bought Israel-based artificial intelligence (AI) firm Habana Labs for about $2 billion, the chipmaker said on Monday, seeking to expand its AI portfolio to bolster its data-center business.
Wall Street notched a fresh record high on Monday as investor confidence was boosted by upbeat data from China, while cooling trade tensions between the world’s two biggest economies removed one of the hurdles for global economic growth.
Mexican Foreign Minister Marcelo Ebrard said on Monday that a dispute with the United States over appointing U.S. labor attaches to Mexico does not put a new North American trade deal at risk.
Mexican Foreign Minister Marcelo Ebrard said on Monday that a dispute with the United States over a provision added to the new North American trade deal that would call for U.S. labor attaches in Mexico does not put the trade deal at risk.
The S&P 500 and Nasdaq hit record highs at the open on Monday, helped by upbeat data from China and a cooling of U.S.-China trade tensions, while Boeing slipping on worries over production changes to its grounded 737 jets kept Dow’s gains in check.
British American Tobacco’s efforts to shift away from the status quo of a traditional tobacco company and to quicken decision making won the company a rare double upgrade from Bank of America Global Research.
The S&P 500 and Nasdaq were set to open at record highs on Monday as upbeat data from China and cooling trade tensions lifted sentiment, while production concerns related to Boeing’s grounded jet looked set to cap gains on the Dow.
Shares of Boeing and its suppliers fell on Monday after reports that the U.S. planemaker could temporarily halt production of 737 MAX aircraft, potentially adding to billions of dollars in costs, as its return to service is pushed to 2020.
Chinese-owned Volvo Cars said on Monday it had sold 5 billion Swedish crowns ($519 million) of convertible preference shares to a group of Swedish investors to replace an issue of preference shares of the same size that had matured.
Boeing suppliers, customers and financiers braced on Monday for a possible freeze in Boeing 737 production for the first time in more than 20 years as the grounding of the best-selling MAX looks set to last well into the New Year.
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