Exclusive: Europe regulator to clear Boeing 737 MAX in January at earliest
European regulators expect to clear Boeing’s grounded 737 MAX to return to service in January at the earliest, following flight trials by European test pilots scheduled for mid-December, Europe’s top aviation safety official told Reuters.
Trump praises U.S.-China trade talks as Beijing seeks billions in WTO case against U.S.
U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world’s two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.
Trade hopes boost Wall Street; tech shares lead gains
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward a resolution of the trade dispute between the United States and China helped boost shares in trade-exposed and economically sensitive sectors.
Trump’s Vuitton visit stirs discord at the brand as designer hits out
Louis Vuitton designer Nicolas Ghesquiere has hit out at Donald Trump after the U.S. president inaugurated one of the brand’s factories last week, distancing himself from a visit that was attended by top executives from parent group LVMH.
Global stocks climb on hopes for progress in trade; dollar up
World stock indexes rose on Monday as hopes for resolving the U.S.-China trade war bolstered investor optimism, and the U.S. dollar index edged higher.
Opioid talks with Teva, distributors could resume Tuesday: attorney
Talks to reach a settlement of thousands of lawsuits stemming from the U.S. opioid addiction crisis could resume as soon as Tuesday, an attorney for local governments said on Monday.
Embraer announces $1.4 billion order, launch customer for Praetors jets
Embraer SA on Monday announced an order worth $1.4 billion from Flexjet, which becomes the new launch customer for the Brazilian company’s Praetor jets.
Fidelity drops Fisher’s money management firm as withdrawals accelerate
Fidelity Investments has dropped Fisher Investments as a money manager, a Fidelity spokesman said on Monday, the latest in an accelerating series of withdrawals from the firm over allegedly sexist comments by its leader, Kenneth Fisher.
Peloton’s stock takes a spill, even as IPO underwriters cheer it on
Shares of Peloton Interactive slumped 6% on Monday, even after a multitude of buy ratings from the stationary bike seller’s IPO banks, underscoring Wall Street’s growing exhaustion from money-losing startups.
Tech stocks drive gains on Wall Street; Boeing weighs on Dow
The S&P 500 and Nasdaq indexes rose on Monday as technology stocks were bolstered by signs of progress in resolving the prolonged U.S.-China trade dispute, while losses in Boeing capped gains in the blue-chip Dow Jones Industrials.
