Consumer Reports yanks recommendation for Tesla’s Model 3, citing reliability
Consumer Reports on Thursday pulled a recommendation for Tesla Inc’s Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment.
U.S., China resume trade talks to thrash out structural agreements
The top U.S. and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to reach agreement expires and triggers a new round of tariffs.
AT&T pulls ads from YouTube over videos exploiting children
AT&T Inc pulled all its advertising from Alphabet Inc’s YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation of children.
U.S. banks record $59.1 billion in profits in fourth-quarter of 2018
The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter’s record level but still up significantly from the prior year, according to data from the Federal Deposit Insurance Corporatio…
Nike stumbles into social media storm after basketball star’s shoe splits
A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused th…
United bids for six new slots at Tokyo’s Haneda airport
United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo’s Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
Economic data, healthcare shares pressure Wall Street
U.S. stocks edged lower on Thursday after a recent run of gains, pressured by weak economic data and a drop in healthcare shares, while investors kept a close watch on U.S.-China trade talks.
Weak U.S. data underscore growing headwinds to economy
New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp economic growth.
Consumer Reports pushes carmakers on automatic emergency braking
Influential U.S. magazine Consumer Reports on Thursday turned up the pressure on automakers to include automatic emergency braking (AEB) as standard on new U.S. models by withholding its 2019 annual top vehicle picks from best-selling brands like Gener…
Oil off 2019 highs as U.S. crude stocks build, output hits record
Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth weighed.
