Tesla CEO Elon Musk at Manhattan court for contempt hearing: CNBC
Tesla Inc Chief Executive Elon Musk arrived at Manhattan federal court on Thursday, CNBC reported, for a hearing on whether he violated a fraud agreement and should be held in contempt, the latest twist in a high-profile battle between the billionaire…
S&P pauses with trade talks in focus; Nasdaq set to end five-day rally
The S&P 500 hovered near six-month highs on Thursday, with losses in technology stocks countered by gains in Boeing Co and Facebook Inc, as investors waited for more clarity on the U.S.-China trade talks.
Trump to pick former presidential candidate Herman Cain for Fed seat: official
U.S. President Donald Trump plans to nominate former pizza chain executive and Republican presidential candidate Herman Cain for a seat on the Federal Reserve Board, an administration official said on Thursday.
Trump expected to nominate Cain for Fed seat: official
U.S. President Donald Trump is expected to nominate Herman Cain for a seat on the Federal Reserve Board, an administration official confirmed to Reuters on Thursday.
Airbus net orders in the red by end of first quarter
Airbus suffered more cancellations than orders by end-March, leaving the European company with a bleak first quarter after its five-year winning streak in the race for jetliner orders against U.S rival Boeing ended last year.
Fed’s Harker sees ‘at most’ one rate hike in 2019
A strong U.S. job market and near-target inflation will warrant “at most” one interest rate increase in 2019 and one in 2020, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday.
Fed’s Mester sees scope for U.S. rates to move ‘a bit higher’
Interest rates may need move “a bit higher” if the U.S. economy performs as expected and dodges fears of a global slowdown, a Federal Reserve policymaker said on Thursday.
U.S. conducted secret surveillance of Huawei, prosecutors say
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance they plan to use in their case charging the Chinese telecom company with violating sanctions against Iran, prosecutors said Thursday.
Trump says China trade talks going well, will only accept ‘great’ deal
U.S. President Donald Trump said on Thursday that trade talks with China were going well and he would only accept a “great” deal as negotiators hammered out differences ahead of a meeting between Trump and China’s vice premier later in the day.
Ethiopian crash report shows pilots wrestling with controls
Pilots of an Ethiopian Airlines jet wrestled with controls to stay aloft but plunged to the ground after restoring current to a computer system that was ordering the nose down because of faulty sensor data, a preliminary report showed on Thursday.
