As trade war drags on, new Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk
A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive who is determined not to get burned again.
It’s the Fed, but the world will have its say
The U.S. Federal Reserve has a purely domestic mandate, answerable to an elected Congress and facing nearly daily demands from an outspoken president.
Trump looking at possible U.S. payroll, capital gains tax cuts
President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything imminently.
Wall Street rally stalls as financials slide
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.
Who’s tracking you? Facebook users to get more control over data
Facebook Inc said on Tuesday it was tweaking its policies to allow users to see and control the data that the social network gathers from their browsing habits on other websites and apps.
Boeing hiring as it targets 737 MAX fights resuming ‘early fourth quarter’
Boeing Co said on Tuesday it plans to add extra staff and hire “a few hundred” temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airlin…
Trump says he had to ‘take China on,’ regardless of short-term impact on U.S. economy
U.S. President Donald Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.
U.S. Justice Department sues to block Sabre acquisition of Farelogix
The U.S. Justice Department sued on Tuesday to block travel technology firm Sabre Corp’s $360 million acquisition of Farelogix Inc, saying in court papers that it was a “dominant firm’s attempt to eliminate a disruptive competitor.”
U.S. oil firms challenge pipeline surcharge for steel tariff: filing
Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
General Electric insurance called ‘risky’ by Fitch; shares fall again
General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday that sent GE’s shares tumbling.
