How Brazil’s JBS became collateral damage in war between billionaires
A business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States.
Trump’s $4.8 trillion budget gets chilly reception from Congress
President Donald Trump’s $4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it betrayed his promise to protect popular health and safety-net programs.
Trump budget proposes $150 million for creation of uranium reserve
President Donald Trump’s 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.
White House calls for biggest NASA budget in decades to reach the moon, Mars
The White House on Monday asked Congress for $25.2 billion for NASA in 2021, the agency’s biggest budget in decades, calling for steady increases over five years to meet President Donald Trump’s goal of landing astronauts on the moon and Mars.
Walmart’s Mexico unit posts 2.7% rise in January same-store sales
Walmart de Mexico, the country’s biggest retailer, said on Monday that sales at stores in Mexico open for more than a year rose 2.7% in January, compared with the same month last year.
Brookfield a potential suitor for Trans Mountain, analyst says
Brookfield Infrastructure Partners LP could be a potential buyer of the Canadian government-owned Trans Mountain oil pipeline, a Stifel FirstEnergy analyst said, as the project expansion struggles with increasing costs arising from regulatory delays.
S&P 500, Nasdaq reach record closing highs; Chinese workers return
The S&P 500 and the Nasdaq closed at record highs on Monday as Chinese workers and factories slowly returned to business following a Lunar New Year holiday that was protracted by the deadly coronavirus outbreak.
Transportation Department IG to audit FAA pilot training requirements after Boeing 737 MAX crashes
The U.S. Transportation Department’s Office of Inspector General said on Monday it will audit Federal Aviation Administration pilot training requirements for U.S. and foreign air carriers after two deadly crashes of Boeing’s 737 MAX.
Trump’s $4.8 trillion budget likely to get thumbs-down from Congress
President Donald Trump’s $4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it betrayed his promise to protect popular health and safety-net programs.
Oil drops to 13-month low on weak Chinese demand, traders eye OPEC+ cuts
Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
