Stocks hit record ahead of U.S.-China trade deal, dollar gains
Bond yields edged higher while a gauge of global equity markets hit a record high on Monday, lifted by optimism over the planned signing this week of a U.S.-China trade deal and hopes the start of the U.S. corporate earnings season will not disappoint….
Wall Street hits record, boosted by trade and earnings optimism
Apple, Alphabet and other tech favorites propelled Wall Street to record highs on Monday, fueled by optimism about the signing of a preliminary U.S.-China trade deal, as well upcoming fourth-quarter earnings reports.
Amazon to ramp up counterfeit reporting to law enforcement
Amazon.com Inc is planning to give more data on counterfeit goods to law enforcement in a further crackdown on fakes listed on its e-commerce sites, a person familiar with the program told Reuters.
Boeing’s worst year in decades
Boeing’s new Chief Executive Officer David Calhoun started work on Monday, inheriting a company that is reeling from the effects of two fatal crashes which led to the grounding of the 737 MAX last March.
U.S. government posts $13.3 billion deficit in December
The U.S. government recorded a $13.3 billion budget deficit in December, the Treasury Department said on Monday.
Maersk bets on cold storage to boost land transportation business
Maersk , the world’s biggest shipping company, plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business.
New Wells Fargo CEO brings Wall Street swagger to storied bank
Charles Scharf will make his public debut as Wells Fargo & Co’s chief executive during the bank’s quarterly earnings call on Tuesday, and those who have worked with him in the past say he is likely to strike a much different chord than his predecessors.
Oil falls 1% as focus shifts to high U.S. fuel stocks
Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds.
New Boeing chief executive: planemaker can be ‘much better’
Boeing Co’s new chief executive, David Calhoun, assumed the job on Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the model’s worldwide grounding in March.
India’s Supreme Court asks crime fighting agency to seize local assets of JPMorgan: report
India’s Supreme Court on Monday directed the government’s crime fighting agency to seize local assets of JPMorgan in relation to some transactions the bank engaged in with a local real estate company in 2010, according to a Press Trust of India report …
