S&P 500 hits record on trade optimism, Fed rate-cut expectations
The S&P 500 hit a record high on Monday, while the Nasdaq hovered just below its lifetime high touched in late July, as a more conciliatory tone between the United States and China buoyed hopes for a possible trade deal and investors anticipated a rate cut by the Federal Reserve later this week.
U.S.-China trade hopes boost global stocks; dollar eases
An index of global stock markets climbed to a 21-month high on Monday, boosted by growing hopes for a U.S.-China trade deal and the view that the U.S. Federal Reserve this week will deliver its third interest rate cut for 2019.
‘We know we made mistakes’ on 737 MAX – Boeing CEO
Boeing Co Chief Executive Dennis Muilenburg will acknowledge on Tuesday before Congress that the aircraft manufacturer made mistakes after two deadly 737 MAX crashes killed 346 people, according to written testimony seen by Reuters.
De Beers banks on ‘diamonds are for me’
Anglo American unit De Beers said its 2019 marketing budget will exceed last year’s figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.
FCC to vote to bar Huawei, ZTE from government subsidy program
The U.S. telecommunications regulator plans to vote in November to designate Huawei Technologies and ZTE Corp as national security risks, barring their customers from tapping an $8.5 billion government fund to purchase equipment or services, officials…
New tuberculosis treatment for developing countries to cost $1,040
A newly approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments.
LVMH woos Tiffany to tap fast-growing jewellery market
LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing parts of the luxury goods market.
Exclusive: FCC to vote to bar Huawei, ZTE from government subsidy program – sources
The U.S. Federal Communications Commission (FCC) plans to vote in November to designate Huawei Technologies Co and ZTE Corp as posing national security risks and to bar the use of funds from an $8.5 billion government program to purchase equipment or …
Pentagon deal to boost Microsoft’s position in cloud computing: analysts
Amazon.com Inc’s firm grip on the cloud computing market could be threatened by Microsoft Corp’s multi-billion dollar contract with the Pentagon, Wall Street analysts said on Monday.
S&P 500 hits all-time high on trade optimism, rate cut hopes
Technology stocks propelled the benchmark S&P 500 index to an all-time high, while the Nasdaq hovered below its record level, as a possible U.S.-China trade deal and rising bets on a third rate cut by the Federal Reserve fueled optimism.
