Gamblers back Tesla in Ford tug of war as orders reach 250,000
Orders for Tesla Inc’s electric pickup Cybertruck are inching closer to the record set by the company’s Model 3 sedans in 2016, with company head Elon Musk signaling 250,000 customers have now lined up to buy the new vehicle less than a week after its …
Oil falls about 1% after U.S. crude and gasoline build
Oil fell about 1% on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week and gasoline stocks surged, but optimism that a U.S.-China trade deal would be reached soon limited losses.
Boeing 777X fuselage split during Sept. stress test: Seattle Times
The fuselage of Boeing Co’s upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, the Seattle Times reported on Wednesday.
Exclusive: Lone Star in exclusive talks to buy BASF construction chemicals unit – sources
Lone Star has entered exclusive negotiations to buy BASF’s construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said.
Deutsche Bank sells $50 billion in assets to Goldman amid overhaul: sources
Deutsche Bank has sold $50 billion in unwanted assets to Goldman Sachs as part of its restructuring, three people with knowledge of the matter said on Wednesday.
Wall Street at record levels on trade hopes, robust economic data
Wall Street’s main indexes notched fresh record highs on Wednesday, as latest data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the prolonged U.S.-China trade war.
U.S. pending home sales slip in October: NAR
Contracts to buy previously owned U.S. homes fell unexpectedly in October, with new contract signings down in three of the four U.S. regions.
U.S. to announce findings from probe of France’s tech tax on Monday
U.S. trade officials said they will announce any proposed action toward France on Monday when they release the findings from their investigation into the European ally’s tax on big internet companies such as Amazon, Google and Facebook.
U.S. consumer spending increases steadily; inflation muted
U.S. consumer spending rose steadily in October, suggesting the economy will probably maintain its moderate pace of growth in the fourth quarter.
U.S. third-quarter GDP growth revised higher; business investment stabilizing
U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment could be drawing to a close.
