Delta beats profit estimates on new customers as rivals battle 737 MAX crisis
Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted by customers gained from rival airlines’ 737 MAX cancellations and what Chief Executive Ed Bastian said was a growing preference for the Delta brand.
Futures pause after rally, JPMorgan results draw cheer
U.S. stock index futures were flat to slightly lower on Tuesday, as investors took a breather following a record rally, even as JPMorgan’s quarterly results set a positive tone for big bank earnings.
Phase 1 commodity targets likely more than China can chew: analysts
Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal.
Record stocks stall ahead of U.S.-China trade deal
Global markets experienced a slight bout of weakness on Tuesday as traders cashed in on recent record highs, awaited a long-anticipated U.S.-China trade deal and began to digest the first Wall Street earnings of the new year.
U.S. bike firms face uphill slog to replace Chinese supply chains
When Mehdi Farsi decided to shift production of State Bicycle Co’s niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company.
China’s yuan gains after U.S. drops China FX manipulator label
China’s yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
Opel rules out forced redundancies until July 2025 but reopens voluntary leave scheme
PSA’s German unit Opel on Tuesday said it was ruling out forced redundancies until July 2025 – extending its guarantee by two years – but was re-opening a voluntary leave program for older employees that would be limited to 2,100 jobs.
JPMorgan beats estimates on strong trading, underwriting
JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.
Musk nears $346 million payday as Tesla market value soars
Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months.
JPMorgan profit gets boost from trading, underwriting
JPMorgan Chase & Co , the largest U.S. bank, posted a 21% rise in quarterly profit on Tuesday, driven by strength in its trading business and higher underwriting fees.
