U.S. coal-fired power plants closing fast despite Trump’s pledge of support for industry
U.S. coal-fired power plants shut down at the second-fastest pace on record in 2019, despite President Donald Trump’s efforts to prop up the industry, according to data from the federal government and Thomson Reuters.
UK, U.S. and industry officials to meet before Huawei decision: Downing Street
Officials from the British and U.S. governments and the telecoms industry will meet on Monday, before Britain is due to take a decision on the possible use of Huawei [HWT.UL] equipment in future 5G mobile networks, Prime Minister Boris Johnson’s spokes…
Stretched tech stocks leave some investors seeking off-ramp
As the bull market in U.S. stocks hits new highs, some investors are searching for ways to pare their exposure to the small group of technology and communications stocks that has fueled market gains for years.
Lululemon raises quarterly forecast after upbeat holiday sales
Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand.
WeWork debacle has unicorn investors seeking cover
In the months since office-sharing startup WeWork’s botched public debut, mid- and late-stage investors in big start-ups have been pushing for more safeguards in case their firms fail to go public or sell shares at a lower valuation than pre-IPO financ…
Phase 1 trade deal stops bleeding, doesn’t end U.S.-China dispute: U.S. Chamber
The Phase 1 trade deal to be signed this week by China and the United States “stops the bleeding” but does not end the trade war, a senior U.S. Chamber of Commerce official said on Monday, warning that significant challenges remain.
U.S. Champagne drinkers should expect costs to pop with new tariffs
Lovers of Champagne and other French sparkling wines should brace for big cost increases if the United States makes good on a threat to impose 100% tariffs on French goods in a dispute over the country’s planned digital services tax.
Renault shares fall on fresh worries about potential break with Nissan
Renault shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-yea…
Oil rises as U.S.-Iran conflict eases, focus turns to trade deal
Oil prices rose slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal which could boost economic growth and demand.
New Boeing chief executive takes over with 737 MAX crisis unresolved
Boeing Co’s new Chief Executive David Calhoun assumes the job 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.
