Trump says U.S. will cooperate with ‘like-minded’ nations on 5G networks
U.S. President Donald Trump said in a letter Monday the United States plans to cooperate with “like-minded nations” to promote security in next-generation 5G networks.
LVMH wants to tie knot with Tiffany to tap fast-growing jewelry market
LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamor, as the owner of Louis Vuitton and Bulgari seeks to expand in jewelry, one of the fastest-growing parts of the luxury goods market.
Ebbing flows curb U.S. goods trade deficit; inventories mixed
The U.S. goods trade deficit fell in September as trade tensions restricted the flow of goods, but that did not change views that economic growth decelerated further in the third quarter amid slowing consumer spending and declining business investment….
Stocks gain on improved outlook for trade deal
An index of global stock markets rose 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.
AT&T to add directors, sell up to $10 billion in assets next year
AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two new board members, bowing to pressure from activist investor Elliott Management.
U.S. air travel regulator calls for focus on safety as deadly crash anniversary nears
The head of the U.S. Federal Aviation Administration (FAA) on Monday made a broad appeal for the airline industry to focus on safety, one day before the first anniversary of a deadly crash involving Lion Air and a Boeing 737 MAX plane that cost hundred…
Trade optimism, rate cut hopes propel S&P 500 to record high
The benchmark S&P 500 index hit a record high on Monday as a possible trade deal between the U.S. and China, and rising bets on a third rate cut by the Federal Reserve, bolstered investor optimism.
Richard Branson’s Virgin Galactic takes off in NYSE debut
Shares of Richard Branson-backed Virgin Galactic Holdings Inc jumped as much as 7.7% in early trading on the New York Stock Exchange on Monday, underscoring investor interest in the first space tourism company to hit public markets.
U.S. FAA sees need to raise standards for airplane pilot training around the world
The head of the U.S. Federal Aviation Administration (FAA) said on Monday there was a need to raise standards for airplane pilot training around the world.
Oil rise on progress in China-U.S. trade talks
Oil prices rose on Monday on hopes for a Sino-American trade deal but gains were capped by weak Chinese industrial data.
