S&P 500, Nasdaq hit records amid trade optimism; Boeing boosts Dow
The S&P 500 and the Nasdaq hit record highs on Monday after President Donald Trump said an initial U.S.-China trade pact would be signed soon, while Boeing was a big boost to the Dow after the planemaker ousted its chief executive officer.
In win for Uber, judge strikes down New York City’s cruising cap
A New York state judge on Monday ruled in favor of Uber Technologies Inc in a lawsuit against New York City, striking down a new rule limiting how much time drivers for ride-hailing services can spend cruising streets in busy areas of Manhattan withou…
Boeing ditches CEO Muilenburg in bid to contain 737 MAX crisis
Boeing Co has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashes forced the world’s biggest planemaker to halt production of its best-selling 737 MAX jetliner.
Forget store traffic and bag count: Gauging retail performance in an online world
Marshal Cohen has religiously visited the same stores every holiday season since 1999.
Factbox: Sizing up retailers’ performance as online sales surge
As online shopping upends the retail business, many Wall Street analysts say traditional measures such as counting the number of people who visit stores on major shopping days are no longer a reliable gauge of a company’s performance.
‘So high’: Tesla shares cross $420 mark over a year after Musk buyout tweet
Tesla Inc shares traded above $420 on Monday, more than a year after Elon Musk tweeted he had “funding secured” to take the electric car maker private at that price, only to later give up under investor pressure and regulatory concerns.
U.S. business spending on equipment appears soft; housing steadies
New orders for key U.S.-made capital goods barely rose in November and shipments fell, suggesting business investment will probably remain a drag on economic growth in the fourth quarter.
Key events leading up to the firing of Boeing’s CEO over the 737 MAX
Boeing Co has fired Chief Executive Dennis Muilenburg following a year of intense scrutiny and industrial setbacks set off by twin fatal crashes of its 737 MAX jetliner.
Boeing dismisses CEO Muilenburg to restore confidence over 737 MAX crisis
Boeing Co has ousted Chief Executive Dennis Muilenburg in an attempt by the world’s biggest planemaker to restore confidence as a prolonged crisis has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes.
Oil steadies as Russia touts easing OPEC+ output
Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon.
