Business & Finance News
After three interest rate cuts and a fresh round of record highs for U.S. stock markets, has President Donald Trump lost interest in the Federal Reserve?
Facebook said on Thursday it committed an initial $130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected.
The head of the U.S. FAA told Boeing Co’s chief executive on Thursday the U.S. planemaker should focus on the quality and timeliness of data submittals for FAA review, according to an email from an FAA official to U.S. lawmakers seen by Reuters.
Wall Street’s main indexes hit record highs on Thursday following news that the United States had reached a “deal in principle” with China to resolve a trade war that has rattled markets for nearly two years.
The White House has reached a “deal in principle” with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.
The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported on Thursday, citing people familiar with the matter.
Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials.
Oil prices gained nearly 1% on Thursday on hopes that the United States and China were close to reaching a deal on an ongoing trade dispute that has raised concerns about global demand for crude.
Boeing Co has delayed plans to reach a record production rate of 57 737 jets per month next year, industry sources said on Thursday, even before the U.S. FAA announced a new delay in the 737 MAX return to service that raised uncertainty over production plans.
The United States has offered to cut existing tariffs on Chinese goods by as much as 50% and suspend new tariffs scheduled to go into effect on Sunday in an attempt to secure a “Phase One” trade deal.
The United States has reached a “phase-one” trade deal in principle with China, a source briefed on talks between the two nations said on Thursday, saying a statement from the White House was expected soon.
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the grounding of its 737 MAX aircraft.
U.S. stocks hit record highs on Thursday after President Donald Trump tweeted that Washington was “very close” to a trade deal with Beijing and on a report that U.S. trade negotiators had offered to cancel a new round of tariffs on Chinese goods.
Federal Aviation Administration chief Steve Dickson, who will meet with Boeing Co’s chief executive later on Thursday, is concerned the U.S. airplane maker is pursuing a return-to-service schedule for the grounded 737 MAX that is “not realistic,” according to an email seen by Reuters.
Oil prices rose more than 1% on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China.
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