Tesla Shanghai factory to resume production on Feb 10, authorities to assist: government official
U.S. electric carmaker Tesla’s factory in China’s financial hub of Shanghai will resume production on Feb. 10, a Shanghai government official said on Saturday, adding...
Treasury’s Mnuchin sees U.S. GDP growth less than 3% in 2020
Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3%, partly due to problems at Boeing Co...
Lockheed Martin drops out of Singapore Airshow over coronavirus concerns
U.S. weapons maker Lockheed Martin Corp said on Friday it will not participate in next week’s Singapore Airshow over coronavirus concerns....
Mild weather boosts U.S. job growth; jobless rate ticks up
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite...
White House dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei
U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that...
Indexes drop from record highs, but tally strong weekly gains
Wall Street fell from record levels on Friday after a four-day rally as investors digested the monthly U.S. jobs report and braced for the next...
Stocks retreat from record but notches strong week
Wall Street fell from record levels on Friday after a four-day rally as investors digested the monthly U.S. jobs report and braced for the next...
Bank of America CEO Moynihan’s 2019 compensation remains unchanged at $26.5 million
Bank of America Corp said on Friday that Chief Executive Officer Brian Moynihan’s 2019 compensation remained $26.5 million, the same as a year earlier....
More pain in store for Canadian marijuana companies after Aurora Cannabis, Tilray cut jobs
Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest...
Stocks fall on fears China virus to slow growth, gold gains
Global equity markets and government debt yields slumped on Friday as growing concerns about the impact of the coronavirus on global growth overshadowed a strong...