Wall Street rallies on trade optimism, hopes of avoiding government shutdown
Wall Street’s main indexes extended gains on Tuesday, in a broad-based rally after American lawmakers reached a tentative deal to avoid another partial government shutdown and on hopes of an agreement during the ongoing U.S.-China trade talks.
Red flags emerge as Americans’ debt load hits another record
Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon.
Airbus to give update on A380 shutdown plans: sources
Airbus is nearing a decision to axe production of the world’s largest airliner and may give an update with full-year earnings on Feb. 14, industry sources and analysts said.
U.S. job openings hit record high; workers more scarce
U.S. job openings surged to a record high in December, led by vacancies in the construction and accommodation and food services sectors, strengthening analysts’ views that the economy was running out of workers.
Oil gains 2 percent as Saudi Arabia readies more supply cuts
Oil prices were up more than 2 percent on Tuesday on steep OPEC production cuts, with its de-facto leader Saudi Arabia planning to drop March crude output by more than a half a million barrels per day below its initial pledge.
Democratic senators urge administration to reject Sprint, T-Mobile merger
A group of eight Democratic U.S. senators and independent Senator Bernie Sanders urged the Justice Department and Federal Communications Commission on Tuesday to reject a proposed $26 billion merger of T-Mobile US Inc and Sprint Corp.
Shopify profit forecast misses on higher spending, shares fall
Canadian e-commerce software maker Shopify Inc’s full-year adjusted operating income forecast fell short of analysts’ estimates on Tuesday, overshadowing a strong quarterly profit beat and sending its shares down 4 percent.
Bank of England’s Carney spells out no-deal Brexit hit to UK
Bank of England Governor Mark Carney warned on Tuesday of the potential shock to Britain’s economy from Brexit which could serve as an “acid test” for countries around the world trying to respond to the challenges of globalization.
Sodexo’s sport and leisure business targets China in growth drive
Sodexo’s sport and leisure business, which provides catering at the U.S. Super Bowl, Royal Ascot and the Eiffel Tower, will focus on organic growth as it integrates its 2017 U.S. acquisition Centerplate.
EU court to rule on legality of Belgian tax break, may affect Apple
Europe’s second-highest court will rule on Thursday whether a Belgian tax break which benefited some 35 large companies is illegal state aid, a judgment which could provide clues to other tax cases involving Apple, Starbucks and Fiat Chrysler.
