Wells Fargo CEO to detail customer remediation to U.S. Congress
Wells Fargo & Co Chief Executive Tim Sloan will tout the bank’s progress in repaying wrongly charged customers and highlight changes to its risk management structure during testimony to U.S. lawmakers on Tuesday, according to prepared remarks.
Heavyweight Boeing pressures Dow, while tech lifts S&P & Nasdaq
The Dow Jones Industrial index fell on Monday as shares of the world’s largest planemaker tumbled after a second deadly crash in just five months, but a jump in technology stocks helped cap some losses and lift the broader markets.
Auto woes drive dip in German industrial output as Brexit nears
Plunging car output drove an unexpected drop in production of German goods in January and an industry body cut its 2019 growth forecast, adding to signs that trade tensions and unease about Brexit are weighing on Europe’s largest economy.
Boeing shares down 10 percent after second 737 MAX crash
Shares of Boeing Co slid 10 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 MAX 8 planes following the second deadly crash involving the jet in just five months.
Global airlines’ reaction to Ethiopian Airlines crash
China and Indonesia have grounded Boeing 737 MAX 8 aircraft operated by their airlines in reaction to the fatal crash of a plane of the same type operated by Ethiopian Airlines on Sunday.
Two top shareholders skeptical of Deutsche-Commerzbank merger: sources
Two top shareholders in Deutsche Bank are skeptical about a merger with its rival Commerzbank, doubting that such a combination would guarantee higher returns, people familiar with the matter said.
Shares stabilize after worst week of year, Brexit stresses sterling
Talk of more stimulus from China helped world share markets regain some ground on Monday after a slew of disappointing economic data and growth warnings from central banks triggered their worst weekly performance so far this year.
Tesla backtracks on store closures, plans top-end price rise
Electric carmaker Tesla Inc backed off its plan to close all of its U.S. stores in a blog post https://www.tesla.com/en_NZ/blog/update-tesla-stores-and-pricing?redirect=no and instead will raise prices of its high-end vehicles by about 3 percent on ave…
U.S. retail sales rise in January; December revised sharply lower
U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought.
China, Indonesia ground Boeing 737 MAX 8 fleets after Ethiopia crash
China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday, and investigators recovered the black box from a crash that killed 157 people, the second disaster in less than five months involving the new model.
