FAA chief to testify at Dec. 11 U.S. House hearing on Boeing 737 MAX
The head of the Federal Aviation Administration will testify Dec. 11 before a U.S. House panel on the agency’s review of the grounded Boeing 737 MAX involved in two fatal crashes in five months.
UAW announces financial reforms as U.S. corruption probe widens
The United Auto Workers (UAW) union said on Monday it would implement stringent changes to its financial procedures and processes in response to a widening corruption probe from U.S. prosecutors.
Wall Street falls after U.S. tariffs on metal imports, soft PMI data
U.S. stocks fell on Monday after President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina, while weak domestic manufacturing data fanned worries of a slowing economy due to a prolonged trade war with China.
WTO rejects EU bid to stop U.S. tariffs over Airbus
The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , underscoring tariffs recently imposed by the United States on European goods.
Oil futures rise on talk of further OPEC+ supply curbs
Oil futures gained about 1% on Monday on hints the Organization of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
Dollar, stocks slide on Trump tweets, dour PMI data
The dollar and global stock markets fell on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, with losses exacerbated by a slide in new U.S. factory orders in November to their lowest sinc…
Black Friday sales in Britain jump 16.5% by value: Barclaycard
The value of Black Friday sales in Britain jumped 16.5% compared with last year, according to data from payments firm Barclaycard, in a much needed boost for the country’s retailers.
U.S. factory activity, construction spending unexpectedly fall
U.S. factory activity contracted further in November amid a slump in new orders while construction spending unexpectedly fell, offering cautionary notes on an economy that had recently shown signs of growing at a moderate pace.
Wall Street falls on soft PMI data, U.S. tariffs on metal imports
Wall Street fell on Monday after President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina, while weak domestic manufacturing data fanned worries of a slowing economy in the wake of the U.S.-China trade war.
U.S. factory sector contracts again in November: ISM
The U.S. economy’s manufacturing sector contracted for a fourth straight month in November as new order volumes slid back to around their lowest level since 2012, according to an industry report released on Monday.
