Wall Street drops on trade deal delay concerns
Wall Street’s main indexes were lower on Wednesday on concerns that a “phase one” trade deal between Washington and Beijing may not be completed this year, and minutes from the Federal Reserve’s October policy meeting offered little help.
White House Deputy Press Secretary: progress being made on China phase-one deal text – Fox
White House Deputy Press Secretary Judd Deere has said that talks with China are continuing and that there is progress on the text of a phase-one trade deal, Fox News reported on Wednesday.
Mitsubishi Heavy Industries rethinking Spacejet delivery schedule: CEO
Mitsubishi Heavy Industries Ltd is rethinking the timetable for Japan’s first new commercial aircraft in 50 years and cannot commit to its target of making initial deliveries by mid-2020, the company’s chief executive said on Wednesday.
U.S. regulator proposes splitting auto safety spectrum to boost Wi-Fi
A little-used block of spectrum set aside for auto safety should be split to accommodate the rapidly growing number of wireless devices, the chairman of the U.S. telecoms regulator said on Wednesday, a plan that sets up a clash between two major indust…
Trade commission finds Chinese aluminum wire, cable export harms U.S. industry
The U.S. International Trade Commission (ITC) on Wednesday said it had determined that U.S. industry was materially injured by below-cost imports of aluminum wire and cable from China, locking in U.S. antidumping and countervailing duties.
Daimler’s electric Mercedes-Benz SUV to make U.S. debut at $67,900
Daimler will begin selling its electric Mercedes-Benz EQC in the United States early next year at a starting price of $67,900, the German carmaker said on Wednesday.
Fed minutes show rates on hold; not clear what would change that
An increasingly divided Federal Reserve that decided to hit pause in its easing cycle following a rate cut at its October meeting offered little guidance on what would cause policymakers to change their minds on the outlook, minutes of the central bank…
U.S. healthcare shares pick up steam as some political worries abate
U.S. healthcare stocks, led by health insurers, have gained strength in recent weeks, buoyed by solid third-quarter earnings and investor comfort that political risks to the sector have eased. Wednesday’s Democratic presidential debate could test their…
Oil surges over 2% after U.S. inventory data, Russia OPEC comments
Oil prices climbed more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
Treasury yields drop on reports trade deal may not come this year
Treasury yields dropped on Wednesday on news a “phase one” U.S.-China trade deal may not be completed this year, according to Reuters sources.
