Business & Finance News
The S&P 500 hit a record high on Monday, while the Nasdaq hovered just below its lifetime high touched in late July, as a more conciliatory tone between the United States and China buoyed hopes for a possible trade deal and investors anticipated a rate cut by the Federal Reserve later this week.
An index of global stock markets climbed to a 21-month high on Monday, boosted by growing hopes for a U.S.-China trade deal and the view that the U.S. Federal Reserve this week will deliver its third interest rate cut for 2019.
Boeing Co Chief Executive Dennis Muilenburg will acknowledge on Tuesday before Congress that the aircraft manufacturer made mistakes after two deadly 737 MAX crashes killed 346 people, according to written testimony seen by Reuters.
Anglo American unit De Beers said its 2019 marketing budget will exceed last year’s figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.
The U.S. telecommunications regulator plans to vote in November to designate Huawei Technologies and ZTE Corp as national security risks, barring their customers from tapping an $8.5 billion government fund to purchase equipment or services, officials said on Monday.The U.S. telecommunications regulator also plans to propose requiring U.S. rural carriers to remove and replace equipment from designated companies. It also plans at its Nov. 19 meeting to vot
Boeing Chief Executive Dennis Muilenburg will acknowledge Tuesday before Congress that the company made mistakes after two deadly 737 MAX crashes killed 346 people, according to written testimony seen by Reuters.
LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing parts of the luxury goods market.
The U.S. Federal Communications Commission (FCC) plans to vote in November to designate Huawei Technologies Co and ZTE Corp as posing national security risks and to bar the use of funds from an $8.5 billion government program to purchase equipment or services from those companies, officials told Reuters on Monday.
Amazon.com Inc’s firm grip on the cloud computing market could be threatened by Microsoft Corp’s multi-billion dollar contract with the Pentagon, Wall Street analysts said on Monday.
Technology stocks propelled the benchmark S&P 500 index to an all-time high, while the Nasdaq hovered below its record level, as a possible U.S.-China trade deal and rising bets on a third rate cut by the Federal Reserve fueled optimism.
Google owner Alphabet Inc has made an offer to acquire U.S. wearable device maker Fitbit Inc , as it eyes a slice of the crowded market for fitness trackers and smartwatches, people familiar with the matter said on Monday.
Lebanon’s central bank governor said on Monday a solution must be found in days to a crisis unleashed by huge protests against the ruling elite, saying this would restore confidence and avoid any future economic collapse.
Lebanon’s eurobonds sharpened their sell-off on Monday after Central Bank Governor Riad Salameh said a political solution was needed to the country’s crisis in days to regain confidence and avoid a future economic collapse.
Lebanon needs a political solution to the country’s crisis in days to regain confidence and avert a future economic collapse, Central Bank Governor Riad Salameh told Reuters on Monday.
Volkswagen AG is ramping up production of electric cars to around 1 million vehicles by end of 2022, according to manufacturing plans seen by Reuters, enabling the German carmaker to leapfrog Tesla Inc and making China the key battleground.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
