Muted U.S. inflation strengthens case for Fed rate cut
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year.
Renault confident to reach an agreement with Nissan on board committees
The chairman of French car maker Renault said he was confident of reaching an agreement with partner Nissan on the composition of the Japanese company’s main board committees.
American Airlines CEO says ‘highly likely’ Boeing 737 MAX will fly by mid-August
American Airlines Group Inc Chief Executive Doug Parker said it was “highly likely” that the grounded Boeing Co 737 MAX would be flying by mid-August following regulatory approval for a software fix.
FAA says has no timetable for Boeing 737 MAX’s return to service
The Federal Aviation Administration said on Wednesday it does not have a specific timetable on when Boeing Co’s troubled 737 MAX jet would return to service after two fatal crashes led to the airplane’s worldwide grounding in March.
GM to invest $150 million to boost production of heavy duty trucks
General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan to boost production of heavy duty trucks by another 40,000 vehicles a year.
Analysts split on Tesla 2019 delivery promises
Tesla Inc shares were down 2% on Wednesday, as analysts remained divided on the electric-carmaker’s chances of meeting delivery and production targets in the months ahead, despite Chief Executive Officer Elon Musk’s reassurances at an annual shareholde…
Trade tensions weigh on Wall St., hopes of rate cut limit losses
Wall Street’s main indexes dropped on Wednesday on worries of a prolonged U.S.-China trade war after Washington hardened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut.
Demand worries hurt oil, stocks fall on trade uncertainty
Oil futures sank on Wednesday amid higher U.S. crude inventories and a weaker demand outlook, while uncertainty over the U.S.-China trade war and its potential economic impact weighed on stock markets.
Renault’s priority is to strengthen Nissan alliance: chairman
Renault sees the strengthening of its Nissan alliance as a priority after a project to merge with Fiat Chrysler failed last week, the French car maker’s chairman Jean-Dominique Senard said on Wednesday.
Ford recalls 1.2 million Explorer SUVs for potential steering problem
Ford Motor Co said on Wednesday it is recalling 1.2 million Explorer sport utility vehicles in the United States for a potential suspension defect that could lead to reduced steering control.
