Sterling falls on new Brexit fears, stocks edge higher
The dollar rose on Tuesday amid concerns about a hard deadline for Britain to reach a new trade deal with the European Union, while global equity markets edged higher, lifted by a resurgent U.S. housing market that bodes well for the economy.
Boeing, suppliers slip as Wall Street counts MAX halt costs
Shares of Boeing Co and its global suppliers fell further on Tuesday as analysts began to tally the cost of the U.S. planemaker’s decision to suspend production of 737 MAX jets in January, its biggest assembly-line halt in more than two decades.
Wall Street hovers near record levels; Boeing drags on Dow
U.S. stocks paused after a four-day rally, but still hovered around record levels on Tuesday, while a fall in Boeing’s shares weighed on the Dow as the crisis surrounding the planemaker’s 737 MAX jet deepened.
Big banks settle Fannie Mae, Freddie Mac bond rigging litigation in U.S
Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae and Freddie Mac for a decade.
German union calls more pre-Christmas Amazon strikes
Workers at three Amazon logistics centers in Germany have joined a strike called by trade union Verdi that will last until Saturday as part of a long-running bid for better pay and conditions.
Dow dips at open; S&P 500, Nasdaq slightly higher
The blue-chip Dow Jones index dipped at the opening bell on Tuesday, pressured by a fall in shares of Boeing as the crisis around its 737 MAX jet deepened, while the S&P 500 and Nasdaq indexes eked out gains.
BAE Systems names Tom Arseneault as new boss of U.S. division
British defense company BAE Systems said Tom Arseneault would replace Jerry DeMuro as chief executive of its U.S. business, BAE Systems Inc, next year.
Oil rises further above $65 on trade hopes, supply cuts
Oil prices rose more than 1% on Tuesday, supported by hopes the U.S.-China trade deal will bolster oil demand in 2020 after a prolonged dispute between the world’s two largest economies dented global market sentiment.
Southwest flight cancellations nearly double as 737 MAX crisis deepens
Southwest Airlines Co said on Tuesday it was cancelling nearly double the number of flights through April than it has done since the Boeing 737 MAX grounding last March amid uncertainty over when the aircraft will fly again.
Hyundai’s $1.8 billion deal with Daewoo hits EU antitrust hurdle
World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU antitrust regulators warned on Tuesday as they opened a full-scale investigation.
