‘Trump Trade’ winners switch into battered retail, biotech shares
NEW YORK (Reuters) – Some of the actively managed funds that have performed the best since the Nov. 8 presidential election are switching from “Trump Trade” bets on financial and infrastructure stocks into beaten-down sectors such as retail, apparel or…
Boeing could deliver 737 MAX 10X in 2020 if airlines start buying – executive
SYDNEY (Reuters) – Boeing Co could begin delivering the 737 MAX 10X aircraft in 2020 if airlines start ordering the largest version of its 737 MAX family this year, a senior executive of the aeroplane manufacturer said on Thursday.
Self-driving ‘arms race’ complicates supplier alliances
FRANKFURT/DETROIT (Reuters) – The race to develop and exploit autonomous vehicle technology is reshaping the hierarchy of the automotive industry, replacing traditional top-down manufacturing relationships with complex webs of alliances and acquisition…
Ford first-quarter China sales slump more than one-fifth as tax cut rolled back
BEIJING (Reuters) – Ford Motor Co said on Thursday that its China vehicle sales fell by 21 percent in the first quarter compared with a year ago, after a tax cut on small-engined vehicles was rolled back.
Burger King debuts Whopper ad that triggers Google Home devices
NEW YORK (Reuters) – Fast-food chain Burger King said on Wednesday it will start televising a commercial for its signature Whopper sandwich that is designed to activate Google voice-controlled devices, raising questions about whether marketing tactics …
Trump administration narrows list for Fed regulatory post
WASHINGTON/NEW YORK (Reuters) – A former U.S. Treasury official in the George W. Bush administration, a veteran banking lawyer, and a Harvard professor are three leading candidates as the Trump administration looks to fill the post of Federal Reserve v…
Trump comments trigger U.S. dollar, bond yield slide
LONDON (Reuters) – The U.S. dollar and Treasury yields slid on Thursday and were on track for their biggest weekly declines this year, after U.S. President Donald Trump said that he would like to see interest rates stay low and that the greenback was t…
In win for Boeing and GE, Trump says he wants to revive export bank
WASHINGTON (Reuters) – President Donald Trump plans to revive the hobbled Export-Import Bank of the United States, his office said, a victory for American manufacturers like Boeing Co and General Electric Co which have overseas customers that use the…
U.S. judge rejects Goldman Sachs’ bid to narrow gender bias lawsuit
NEW YORK (Reuters) – A federal judge on Wednesday rejected Goldman Sachs Group Inc’s bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and promotions.
Jana’s call to overhaul Whole Foods supply chain has few takers
(Reuters) – Activist investor Jana Partners’ proposal that Whole Foods Market Inc move grocery distribution in-house to reduce its dependence on its biggest supplier, United Natural Foods Inc , is easier said than done.
