Boost founder says willing to pay up to $2 billion to buy brand from Sprint
Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to buy back the prepaid wireless brand from Sprint Corp , he told Reuters on Monday, a significant potential premium to what satellite TV provider Dish Network agreed to pay for Sp…
Trump, Powell met Monday at White House to discuss economy
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday in their second meeting since Powell started the job in February 2017, and soon became the target of criticism from the president who appointed him.
Fed’s Mester: U.S. monetary policy ‘in a good spot’
The current level of interest rates is appropriate for the U.S. economy and the Federal Reserve should now pause as it monitors how the economy evolves, Cleveland Fed President Loretta Mester said on Monday.
U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae
Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a “phase one” trade deal between the United States and China is signe…
FedEx CEO challenges NYT publisher to public debate after tax story
FedEx Corp Chief Executive Frederick Smith has challenged the publisher of the New York Times & Co and the editor of the business section of the newspaper to a public debate in response to a story about the company’s tax bill.
Wall Street at record levels after U.S. extends Huawei reprieve
Wall Street hovered around record levels on Monday after Washington’s move to grant an extension for U.S. companies to do business with China’s Huawei helped ease some concerns around U.S.-China trade relations.
Trump and Powell met Monday at White House to discuss economy
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, the second meeting between the two since Powell became head of the Fed and faced withering criticism from Trump.
Major FirstGroup shareholders call for U.S. asset sale
Two major FirstGroup shareholders on Monday called for the British bus and train operator to sell its U.S. assets as part of a portfolio overhaul which already includes the planned sale of North American intercity bus service Greyhound.
Trump says ‘cordial’ talk with Fed’s Powell covered negative interest rates, trade
U.S. President Donald Trump said he met with U.S. Federal Reserve Chairman Jerome Powell on Monday and discussed a wide range of topics including negative interest rates, monetary policy easing, dollar strength and U.S. trade with China and the Europea…
Airbus dominates second day of Dubai show as Boeing wins MAX order
Gulf airlines Emirates and Air Arabia spent a combined $30 billion at list prices on Airbus jetliners as the Dubai Airshow burst into life on Monday, while Boeing won a symbolic first official order for the 737 MAX since its grounding in March.
