Oil falls after Saudi assurances on market balance, Mideast tensions
Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a surprise increase in U.S. crude inventories.
China ready for further U.S. trade talks, ambassador says
Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States Cui Tiankai said, as a top U.S. business lobby in China said nearly half its members are seeing non-tariff barrier retaliation in China due to the trade war…
Nordstrom cuts 2019 forecast after quarterly results miss big
Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women’s clothing.
Huawei accuses U.S. of bullying, says working with Google to respond to ban
Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to respond to trade restrictions imposed by Washington last week, a senior Huawei executive said.
Nordstrom first-quarter results disappoint, cuts 2019 forecast
Department store operator Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women’s …
Wall St. rises as Huawei reprieve boosts tech shares
Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.
Airbus prepares counter-punch to new Boeing mid-sized jet
Airbus hinted on Tuesday at a price battle and imminent aircraft revamp to counter a possible new Boeing mid-sized jet, promising a “left hook, right hook” from two of its established models.
Oil little changed as U.S.-Iran dispute supports, trade war weighs
Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand.
Wall St. rises as tech shares rebound after Huawei reprieve
Shares of technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.
Southwest Airlines mechanics dispute ends just as American’s heats up
Southwest Airlines Co’s mechanics union said on Tuesday its members had overwhelmingly voted to ratify a tentative contract agreement with the airline, ending seven years of labor negotiations fraught with legal disputes and flight disruptions.
