Wall St. flattens out into Labor Day weekend
Gains on Wall Street petered out on Friday, with the Nasdaq index turning negative, as an upbeat mood fueled by signs of upcoming U.S.-China trade talks and solid domestic consumer spending data, waned ahead of a long Labor day weekend.
United extends Boeing 737 MAX flight cancellations until December 19
United Airlines Holdings said on Friday it is extending the cancellation of Boeing 737 MAX flights by another month until Dec. 19 as the jets remain grounded worldwide following two fatal crashes in Indonesia and Ethiopia in the past year.
Oil falls ahead of hurricane but set for weekly gain as trade row eases
Oil futures fell on Friday, with U.S. crude down 3% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of U.S.-China trade rhetoric.
China to exempt Tesla cars from purchase tax
China will exempt Tesla Inc’s electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website on Friday.
OPEC posts first 2019 oil-output rise despite Saudi cuts: Reuters survey
OPEC oil output has risen in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by U.S. sanctions on Iran, a Reuters survey found.
Leave room for the firetruck: Insurers help design mansions to tame disaster losses
Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned.
Campbell profit beats as soup sales heat up, shares rise
Campbell Soup Co on Friday reported better-than-expected fourth-quarter profit and margins as the food company sold more soups and snacks, tightened up its supply chain and cut costs, sending shares up more than 8%.
Amazon and Indian trader group in public spat over discounts
Amazon.com defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant’s website.
Wall St. rises on trade hopes, strong consumer spending data
U.S. stocks rose on Friday as an easing of trade tensions between the United States and China, and data showing solid domestic consumer spending abated concerns that major economies were on the brink of a recession.
AirAsia cuts Airbus A330neo order plans, shifts to A321XLR
Malaysian budget carrier AirAsia Group Bhd scaled back plans to order the Airbus A330neo wide-body passenger jet by nearly two thirds on Friday, switching its focus instead to a long-range new version of the popular A321 series.
