Trump budget proposes steep cut for USDA as farmers grapple with crisis
President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time they are going through the worst crisis in decades due to depressed commodity …
Trump budget proposes ending electric vehicle tax credit
The White House proposed on Monday eliminating a tax credit worth up to $7,500 on the purchase of new electric vehicles, a move it says would save the U.S. government $2.5 billion over a decade.
U.S. retail sales rebound but not enough to jolt slowing economy
U.S. retail sales rose modestly in January after a December drop that was even larger than originally estimated, but the recovery was not seen strong enough to alter the course of a U.S. economy that was losing momentum in early 2019.
DNB sticks with Nasdaq offer for Oslo Bors after rival bidder extends deadline
Oslo Bors’ biggest shareholder, Norwegian bank DNB, said on Monday that it continues to support Nasdaq’s offer for the Oslo exchange operator after rival bidder Euronext extended its offer.
Ethiopian plane smoked and shuddered before deadly plunge
The Ethiopian Airlines plane that crashed killing 157 people was making a strange rattling noise and trailed smoke and debris as it swerved above a field of panicked cows before hitting earth, according to witnesses.
Barrick Gold ends hostile Newmont bid, signs Nevada joint venture
Barrick Gold Corp on Monday pulled its $18 billion offer for Newmont Mining Corp and agreed to form a joint venture in Nevada with its rival, ending a hostile takeover bid that sought to unite the world’s two largest gold producers.
Tech leads Wall Street higher, Boeing pares losses
Technology stocks led Wall Street’s main indexes higher on Monday after five straight sessions of declines, but a fall in the shares of the world’s largest planemaker after a fatal crash in Ethiopia limited gains on the blue-chip Dow.
Levi Strauss looks to deepen pockets with IPO
Levi Strauss & Co hopes to sell $587 million worth of shares in an upcoming return to the stock market after three decades, which would value the inventor of blue jeans at $6.17 billion and give it a potful of cash to invest in broadening its product range.
Oslo Bors sticks with Nasdaq offer, as rival bidder extends deadline
Norway’s Oslo Bors, the subject of a bidding war between exchange operators Euronext and Nasdaq, continues to back Nasdaq’s offer, Oslo Bors said on Monday, shortly after Euronext said it was extending its offer.
Boeing shares, vanguard of the Dow, crushed after second 737 MAX crash
Boeing Co shares fell by the most in three years on Monday after China, Indonesia and Ethiopia ordered airlines to ground their 737 MAX 8 planes following the second deadly crash of one of the jets in just five months.
