Rare earth firms’ stocks soar on U.S.-China trade war speculation
Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. t…
Airbus CEO hints at more powerful A321 jet
Airbus Chief Executive Guillaume Faury hinted on Tuesday at the launch of a more powerful new A321 jet, saying the planemaker’s current A321LR was the world’s longest-range single-aisle jet “for the moment.”
Fed officials see past misses as trouble for any new inflation approach
The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank’s inflation target is to tolerate much higher price increases in some years to counter the weaker ones.
Former Tesla bull makes $10 worst case call on China worries
One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars.
Huawei puts Honor above Android at new smartphone launch
Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm’s technology.
Oil steady as U.S.-Iran tensions support prices, trade war weighs
Oil futures were flat on Tuesday as the prospect of U.S.-Iran tensions disrupting supply was offset by concerns that a drawn-out trade war between Washington and Beijing would weigh on crude demand.
Fed officials see past inflation misses as trouble for any new framework
In discussing the best way to manage the U.S. central bank’s 2 percent inflation goal, Federal Reserve officials are considering strategies that may see them tolerate much higher price increases in some years to offset the weaker ones.
VW truck brand to invest $344 million in Brazil after Ford exit
Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo.
U.S. senators urge Volkswagen to end delay in Tennessee union vote
Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG’s U.S. unit to delay a union election for workers at its Tennessee assembly plant.
Tech stocks pull Wall Street higher as U.S. eases Huawei restrictions
Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies, raising expectations that the two countries would work toward a trade deal.
