White House says still backs Moore for Fed, reviewing past remarks
The White House still backs Stephen Moore for a seat on the Federal Reserve’s Board of Governors, President Donald Trump’s top economic adviser said on Monday, despite concerns among some Democratic lawmakers about his competence and past remarks.
Strong U.S. growth, weak inflation leave Fed stuck happily on hold
The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation.
Wall Street climbs as tame inflation data supports dovish Fed
U.S. stocks rose on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve’s accommodative stance on interest rates.
Why Airbus isn’t pouncing on Boeing’s 737 MAX turmoil
When Boeing launched its 737 MAX jetliner in response to Airbus’s record-selling A320neo, a wave of poker-faced satisfaction spread through Airbus headquarters in France.
Alibaba to pay $250 million to settle lawsuit over pre-IPO warning on counterfeiting
Alibaba Group Holding Ltd said on Monday it will pay $250 million to settle a U.S. lawsuit faulting the Chinese e-commerce company for concealing a regulatory warning about its ability to stop counterfeiting before it went public in 2014.
Oil climbs, shaking off Trump calls for OPEC to offset Iran sanctions
Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
Is Buffett still a buy? Wall Street splits on Berkshire Hathaway as annual meeting looms
Two longtime analysts of Berkshire Hathaway Inc appear deeply divided over prospects for the company led since 1965 by billionaire Warren Buffett, in reports issued on Monday ahead of this weekend’s shareholder extravaganza.
White House still standing behind Moore for the Fed: Kudlow
A top economic adviser to President Donald Trump said on Tuesday that the White House still backs Stephen Moore for a seat on the Federal Reserve’s Board of Governors, despite concerns Democratic lawmakers have about his competence.
Toyota to produce Lexus NX at Canada plant: sources
Toyota Motor Corp will invest hundreds of millions of dollars to produce its Lexus NX luxury crossover vehicle at a Canadian plant, sources said on Monday, offering relief to a region where other carmakers have announced job cuts.
Amazon kicks off hiring and office leases for Virginia ‘HQ2’
Amazon.com Inc on Monday said it had begun leasing office space and was on track to create 400 positions this year at its second headquarters outside Washington, D.C., the start of over a decade of hiring.
