Musk says $35,000 Model 3 to reach volume production mid-year
Tesla Inc Chief Executive Officer Elon Musk said on Monday production of the $35,000 version of the electric carmaker’s Model 3 will start this month, but would not reach “volume production” until mid-year.
Dollar nudges up on hopes for U.S.-China trade deal
The dollar rose against a basket of major currencies on Monday on traders’ bets that China and the United States are moving closer to a trade deal that would end sparring between the world’s two biggest economies.
U.S. shares falter, investors await U.S.-China trade deal
U.S. stock indexes closed lower while the dollar edged higher on Monday, as investors appeared to need some convincing the United States and China would reach a trade agreement and weaker-than-expected construction data did not help their mood.
Wall Street drops after weak data, trade optimism fades
Wall Street’s major indexes slumped on Monday after a weak U.S. construction spending report, as investors took advantage of optimism over a U.S.-China trade deal to lock in profits after the market’s strong run to start 2019.
GM set to end production at Ohio plant Wednesday
General Motors Co said on Monday it expects to end production of the Chevrolet Cruze at its Lordstown, Ohio assembly plant on Wednesday, the first of five plants it is idling this year in North America.
Volkswagen signs e-vehicle startup as first partner for production platform
Volkswagen has signed German start-up e.GO Mobile as the first external partner for its modular platform for electric vehicles (EV), as it seeks to simplify production across a variety of models.
China accuses Canadian, Huawei to sue as spat escalates
China’s government and its leading smartphone maker Huawei Technologies Ltd on Monday stepped up pressure on U.S. and Canadian governments in a dispute over market access that has ensnared Huawei’s CFO, who faces U.S. criminal charges.
Newmont rejects Barrick’s buyout offer, proposes Nevada JV
Newmont Mining Corp rejected rival Barrick Gold Corp’s $18 billion buyout offer on Monday, but proposed a joint venture in Nevada instead, a deal worth billions that would create a major operator in the largest U.S. gold-producing region.
S&P falls below 2,800 as trade optimism fades
U.S. stocks fell on Monday after data showed construction spending dipped in December, offsetting hopes that a U.S.-China trade deal was imminent and pushing the S&P 500 back after its first close above 2,800 points in four months.
U.S. construction spending falls, fourth quarter GDP seen revised lower
U.S. construction spending unexpectedly fell in December as investment in both private and public projects dropped, leading economists to expect that the government will trim its economic growth estimate for the fourth quarter.
