Business
Boeing Executives Defend Safety Decisions On 737 MAX Development
Two senior Boeing Co executives who oversaw the development of the 737 MAX defended the company's decisions on a key cockpit system later tied to two fatal crashes, according to testimony before congressional investigators seen by Reuters.
Regulators To Examine Pilot Training For Boeing 737 Max Jets
Aviation regulators and pilots from several countries will begin next week reviewing Boeings proposal for training pilots to fly the revamped 737 Max, a sign that the grounded plane is moving closer to returning to service.
Used Cars Drive U.S. Consumer Prices Higher In August
U.S. consumer prices rose solidly in August, with the cost of used cars and trucks increasing by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID19.
Drone Maker Hurt By US-China Rift, Opening Door To US Rivals
Skateboarders, surfers and mountain bikers used to be the target customers for California startup Skydio, a maker of high-end drones that can home in on people and capture their movements on video all by themselves. Now police officers, firefighters and s...
Still No Takers As Indian Gold Dealers Offer Discounts For Fourth Week
Physical gold dealers in India were forced to offer discounts for a fourth straight week as bullion remained unattractive for most retail consumers.
Wall Street Set For Higher Open As Oracle Results Beat Estimates
Wall Street's main indexes were on track to open higher on Friday, after a pullback in the previous session, with Oracle's solid quarterly results underscoring the resilience of techrelated companies during the coronavirus crisis.
Shares Struggle To Shake Off Bearish Mood
European shares struggled for momentum on Friday as doubts about extra monetary stimulus and overnight falls in U.S. big tech shares kept investors on edge.
Asian Shares Mixed After Another Wall Street Tech Sell-off
Asian shares were mixed Friday following a selloff of technology shares on Wall Street.
Fed's New Policy Shift To Have No Major Impact, Say Economists: Reuters Poll
The U.S. Federal Reserve's latest policy shift will not have any significant impact on the economy, according to a majority of economists in a Reuters poll who do not expect the central bank to meet its dual mandate until 2023 at least.
Surge In Options Trading Helps Drive Gains On Wall Street
Stock options trading is up sharply this year, fueled by investor optimism for more gains on Wall Street.
Wall St Drops As Tech Stocks Struggle For Direction
The S&P 500 fell in choppy trading on Thursday as heavyweight techrelated stocks slid after a sharp rebound the previous session, while elevated jobless claims reminded investors of a stilldifficult recovery ahead.
Wall Street Drops As Tech Stocks Struggle For Direction
The S&P 500 fell in volatile trading on Thursday as heavyweight techrelated stocks slipped after a sharp rebound in the previous session, while elevated jobless claims underscored a patchy economic rebound.
U.S. Weekly Jobless Claims Flattening; Labor Market Recovery Showing Signs Of Fatigue
The number of Americans filing new claims for unemployment benefits hovered at high levels last week, suggesting the labor market recovery from the COVID19 pandemic was stalling.
India Rice Prices Hit 1-1/2-year Peak As Virus Strains Export Logistics
Rice export prices in top hub India rose to their highest in nearly 18 months this week as supplies remained constrained due to pandemicinduced disruptions, while Bangladesh may have to import the staple after natural calamities damaged crops.
ECB's Lagarde Says Bank Watching Euro Closely
The European Central Bank is carefully watching implications of a strong euro, ECB President Christine Lagarde said on Thursday as she confirmed the bank expected to use its stimulus package in full to help pull the region out of recession.
How California's Wildfires Could Spark A Financial Crisis
Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory panel to a U.S. markets regulator found.