Business & Finance News
Former Goldman Sachs Group Inc Chief Executive Lloyd Blankfein pushed back on Tuesday against Elizabeth Warren’s criticism of him and other prominent billionaires, saying the singling out of individuals makes him fear for the “political process in the United States.”
A federal appeals court said General Motors Co is not liable for punitive damages over accidents that occurred after its 2009 bankruptcy and involved vehicles it produced earlier, including vehicles with faulty ignition switches.
The chairman of the U.S. National Transportation Safety Board (NTSB) on Tuesday criticized Uber Technologies Inc for its “ineffective safety culture” at the time of a March 2018 fatal self-driving car crash in Arizona.
The U.S. International Trade Commission on Tuesday concluded that U.S. industry is materially injured by mattress imports from China that are sold at less than fair value, paving the way for the U.S. Commerce Department to impose anti-dumping duties.
The clock has run out on President Donald Trump’s “Section 232” tariffs on imports of foreign-made cars and auto parts, after he failed to announce a decision by a self-imposed deadline, trade law experts say.
U.S. President Donald Trump and top administration officials on Tuesday renewed pressure on Congress to ratify the U.S.-Mexico-Canada (USMCA) trade agreement, after a major U.S. labor leader on Monday said there was more work to do on the deal.
The U.S. National Transportation Safety Board on Tuesday called on Boeing Co to redesign the fan cowl structure on all 737 NG planes and retrofit existing planes after an April 2019 incident in which a woman was killed on a Southwest Airlines plane after an engine failure caused by a fan blade.
The S&P 500 and the Dow Jones indexes retreated from record levels on Tuesday as dour forecasts from Home Depot and Kohl’s eroded confidence that the U.S. consumer will support the economy.
U.S. President Donald Trump said on Tuesday that he would raise tariffs on imports of Chinese goods if no trade deal is reached with Beijing to end a tit-for-tat trade war that has roiled markets and damaged growth worldwide.
European defense programs should be issued with a single weapons export license so policy changes of an individual state do not affect the supply chain, the CEO of Italian defense company Leonardo said on Tuesday.
Renault’s interim chief executive Clotilde Delbos said on Tuesday the carmaker did not rule out pulling out of some products or markets as part of a review of mid-term goals.
South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, as the government said it has no more money for the cash-strapped state carrier.
Oil fell about 2% on Tuesday on concerns about excess global crude supply and limited progress toward resolving a U.S.-China trade dispute that has clouded the outlook for oil demand.
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Shares in Europe dipped, Wall Street backed off record highs and the U.S. dollar was poised to extend a three-day losing streak as underwhelming earnings and uncertainty over an ongoing U.S. impeachment inquiry overshadowed hopes for a U.S.-China trade deal.
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