China pushing Trump to remove more tariffs ahead of trade deal: Politico
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September ahead of the signing of the U.S.-China trade deal, Politico reported https://politi.co/2pG6B9M on Monday, citing three people familiar with internal discussions.
Uber misses on riders, beats revenue estimates as lockup expiry looms
Uber Technologies Inc on Monday missed Wall Street estimates for monthly active users for its ride-hailing platform, even as it posted better-than-expected quarterly revenue, sending shares down 5% in extended trading.
U.S. urged to invest more in AI; ex-Google CEO warns of China’s progress
U.S. government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, a government-commissioned panel led by Google’s former …
Caterpillar lays off 120 temporary workers in Texas -spokeswoman
Caterpillar Inc said on Monday it has laid off 120 temporary workers at a plant in Texas following its decision to reduce production.
Wall St. extends recent gains on trade deal optimism
U.S. stocks rose on Monday, hitting record highs again on hopes of a U.S.-China trade deal and an improving domestic economy.
Global stocks rise on trade hopes, dollar gains on risk appetite
The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may yet dodge a recession.
Oil rises on U.S.-China hopes and improved outlook
Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
ArcelorMittal’s withdrawal from Ilva deal over legal shield is an alibi: minister
Italy’s industry minister called the decision by AcelorMittal to withdraw from a deal to buy Italian steelmaker Ilva on the grounds Rome had lifted immunity from prosecution over pollution issues “an alibi”.
Resurgent Boeing 737 MAX could trigger jet surplus, analyst warns
Airlines struggling to cope with the grounding of the 737 MAX could face a markedly different problem when Boeing Co’s best-selling jet is cleared to re-enter service: a switch to concerns about aircraft oversupply, carriers have been warned.
U.S. banks keep business loan standards steady in third-quarter
Loan officers at U.S. banks reported keeping lending standards for business loans mostly unchanged in the third quarter but they tightened the terms for commercial real estate loans, a Federal Reserve survey showed on Monday.
