Credit Suisse admits spying on second executive
Credit Suisse on Monday admitted to snooping on another of the bank’s former executives, deepening a spying scandal at the Swiss group, which is already under investigation for putting its ex-wealth management chief under surveillance.
Global shares inch to new highs on trade hopes; dollar little changed
The dollar traded little changed while equity markets added to a year-end rally on Monday, with both a gauge of stock performance worldwide and Wall Street hitting new highs amid renewed optimism over U.S.-China trade and growth prospects.
S&P 500, Nasdaq scale new highs; Boeing lifts Dow
The S&P 500 and the Nasdaq hit fresh record highs on Monday as President Donald Trump said an initial U.S.-China trade pact would be signed “very shortly”, while Boeing was a big boost to the Dow after the planemaker fired its chief executive officer.
Boeing fires CEO Muilenburg to steady spiraling 737 MAX crisis
Boeing Co ousted Chief Executive Dennis Muilenburg as the world’s biggest planemaker sought to control an escalating crisis that has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes.
Oil slides as Russia touts easing OPEC+ output
Oil prices fell 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.
Factbox: From GE to media, Boeing’s new CEO
Boeing Co appointed Chairman David Calhoun as chief executive to steer the world’s largest planemaker through a crisis after two deadly crashes led to the grounding of its best-selling 737 MAX jetliner.
Timeline: Boeing fires CEO after year of turmoil over 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.
S&P is the decade’s runaway winner
U.S. stocks are poised to close out the decade with the longest bull market in history still intact.
U.S. business spending on equipment weak; housing regaining footing
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.
Electric vehicle startup Rivian scores $1.3 billion investment from T.Rowe Price, others
Electric vehicle startup Rivian said on Monday it closed a $1.3 billion investment round led by T. Rowe Price and including existing investors Amazon.com and Ford Motor Co.
