Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes
Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Makeup brand Glossier valued at over $1 billion in latest funding round
Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders’ socia…
U.S. transportation chief seeks audit of Boeing 737 MAX certification
U.S. Transportation Secretary Elaine Chao said on Tuesday she had asked the department’s inspector general to audit the Federal Aviation Administration’s certification of the Boeing 737 MAX after two fatal crashes involving the jet since October.
Stocks and oil touch 2019 highs; sterling rides Brexit twists
Stocks across the globe rose on Tuesday for a seventh straight session, the longest upward streak of the year, while the pound wobbled against the dollar on expectations that European Union officials would give Britain a delay on Brexit negotiations.
Wall Street inches higher as Fed meeting convenes
Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting.
Stakes rise for Boeing as EU, Canada step up scrutiny
Europe and Canada said they would seek their own guarantees over the safety of Boeing’s 737 MAX, further complicating plans to get the aircraft flying worldwide after they were grounded in the wake of two accidents killing more than 300 people.
Hopes of accommodative Fed spur Wall Street to five-month highs
The S&P 500 and Nasdaq held at five-month highs on Tuesday as investors hoped the Federal Reserve would stick to its patient stance at the end of a two-day policy meeting this week, shrugging off mixed reports on the U.S.-China trade talks.
General Motors to invest $2.7 billion in Brazil’s Sao Paulo over five years
General Motors Co said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants in Sao Paulo state over the next five years, reversing what the state’s governor said was a previous plan to shut down the plants, potenti…
Wall Street gains halve after report of China pushback on trade
Wall Street’s main indexes pared gains sharply on Tuesday following a Bloomberg report that U.S. officials are concerned China is pushing back against American demands in trade talks.
Colombian proposal to ditch NY coffee price may send buyers elsewhere
A proposal by Colombian coffee growers’ federation that producer countries sell their high-quality harvests untethered from the New York market price could encourage buyers to look for alternative providers, importers and exporters said.
