Vendors squeezed in Wells Fargo cost cutting push
At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter.
Flying 14 hours or more? Boeing sees longer routes as ‘key’ for growth
Serving airlines that will operate flights lasting 14 hours or longer is a “key consideration” for Boeing Co’s global growth strategy over the next 20 years, an executive said on Tuesday.
U.S. auto showrooms need more electric cars, environmental group says
Environmental group the Sierra Club on Tuesday urged automakers and dealerships to help cut U.S. carbon emissions and fight the climate crisis by making more electric vehicle available in U.S. showrooms.
Disney+ debut hit by tech glitches, company blames demand
Walt Disney Co’s long-awaited debut in the streaming media wars on Tuesday was hit with technical glitches that the company said were caused by higher-than-expected demand as it takes on rival Netflix Inc.
Boeing gives pilot new job after firestorm over leaked messages: sources
One of two Boeing Co technical pilots who described flaws in a crucial flight control system in leaked 2016 instant messages has been transferred to a new job at the U.S. planemaker, two people familiar with the matter said on Tuesday.
Trump says China trade deal ‘close’ but dashes hopes for signing details
President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic record.
S&P 500 ekes out gain after Trump trade remarks
The benchmark S&P 500 stock index eked out a slim gain on Tuesday as President Donald Trump said the United States is close to signing an initial trade deal with China but offered no new details about negotiations.
Fed’s election year challenge: Is slowing U.S. job growth a ‘material’ change?
Having guided interest rates lower this year and declared a stopping point, Federal Reserve officials face a potentially volatile election year problem if U.S. job growth slows in coming months as many expect it will.
Tesla CEO says will build Gigafactory 4 in ‘Berlin area’
Tesla will build its first European factory and design center near Berlin, giving the U.S. electric car pioneer the coveted “Made in Germany” label just as local rivals Audi, BMW and Mercedes prepare to launch competing cars.
Stocks, dollar rise as Trump says trade deal is near
Global equity markets and the dollar rose on Tuesday as U.S. President Donald Trump reiterated the United States is close to signing a trade deal with China but offered no new details.
