Boeing May deliveries fall 56% as 737 MAX grounding continues to weigh
Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier, as deliveries of its top-selling 737 MAX jet remained suspended following a deadly crash in March.
Capgemini expands with technology venture capital fund
Global business consultancy Capgemini is launching its first-ever investment fund, with plans to invest up to 90 million euros ($102 million) in early-stage technology companies.
Wall Street higher on trade optimism, rate cut hopes
Wall Street’s main indexes rose and the S&P 500 edged back toward record territory on Tuesday, as easing trade tensions with Mexico and hopes of an interest rate cut by the Federal Reserve lifted investor sentiment.
Underlying U.S. producer inflation boosted by services
Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in portfolio management service fees.
South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding
Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the globalization of a novel approach to short-stay accommodation, its chief executive told Reuters.
World share markets continue rally on trade, Fed hopes
Stock indexes around the world gained on Tuesday as investors piled into riskier assets as they bet on Federal Reserve interest rate cuts and that a U.S.-China trade agreement could follow the U.S.-Mexico deal.
Beyond Meat slides after lead underwriter downgrades stock
Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in.
Exclusive: U.S. state attorneys general plan lawsuit to stop Sprint and T-Mobile merger
At least 10 state attorneys general plan to jointly file a lawsuit as soon as Tuesday to stop the $26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers to three from four, according to three sour…
No meat please! Nestle may extend plant-based burger partnership with McDonald’s
Nestle could expand its plant-based burger sales partnership with fast food chain McDonald’s beyond Germany and is also looking for other partners, the Swiss food giant’s head said on Tuesday.
Technology stocks lead Wall Street higher
Wall Street’s main indexes rose on Tuesday, led by technology stocks, on the back of easing trade tensions with Mexico and signs of more fiscal stimulus in China.
