U.S. House panel aims for May 15 hearing on Boeing 737 MAX: sources
The U.S. House Transportation and Infrastructure Committee is tentatively planning a May 15 hearing on the now grounded Boeing 737 MAX and the Federal Aviation Administration’s aircraft certification program, three people briefed on the matter said on …
Starbucks recalls coffee presses because of laceration hazard
Starbucks Corp is recalling about 263,000 of its coffee presses, made in partnership with Bodum, after the world’s largest coffee chain received reports of the product breaking and causing deep cuts, the U.S. Consumer Product Safety Commission said on …
UK’s May fires defense secretary over Huawei leak
British Prime Minister Theresa May fired her defense minister on Wednesday over a leak of discussions in the National Security Council about Chinese telecoms company Huawei, the latest of her allies to be ousted from government.
U.S., China reported near deal to end some tariffs; talks ‘productive’
The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed “prod…
U.S. FAA directive enshrines changes to Boeing 787 Dreamliner
The U.S. Federal Aviation Administration on Wednesday said it was mandating new flight control software and parts to Boeing Co’s 787 Dreamliner to address what it called an unsafe operating condition of certain products on the plane.
Traders trim bets on Fed rate cut later this year
Traders of U.S. short-term interest rate futures began trimming bets the Federal Reserve will cut rates before the end of the year after Fed Chairman Jerome Powell said the U.S. central bank is comfortable with its current stance and sees no strong cas…
Fed keeps interest rates steady as U.S. economy motors along
The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
Fed leaves interest rates unchanged as U.S. economy motors along
The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher.
Global stocks higher, dollar weaker in wake of Fed statement
Global equities advanced on Wednesday for a fourth straight day of gains after the U.S. Federal Reserve held rate steady as expected and as Apple’s strong results eased concerns about earnings growth.
Wall Street adds a bit to gains after Fed statement citing ongoing economic growth
U.S. stocks added slightly to gains after the Federal Reserve held interest rates steady and its policymakers said the economy was in good shape.
