Friday, 1 March 2019

Daily Investor Update: U.S. auto sales fall in February on weak SUV demand

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U.S. auto sales fall in February on weak SUV demand

Automakers on Friday reported a decline in U.S. light vehicle sales for February as demand for SUVs slows after years of rapid growth, pointing to a drop in overall sales in 2019.

Shares rise on trade optimism, tame inflation

World equity markets rose on Friday to end an otherwise slow week on optimism around trade and benign U.S. inflation, while crude oil retreated on news of weaker U.S. factory activity.

Canada approves extradition proceedings against Huawei executive

The Canadian government cleared the way on Friday for extradition proceedings against the chief financial officer of Huawei Technologies Co Ltd, who faces charges in the United States.

U.S. fines American Airlines, Delta for long tarmac delays

American Airlines was fined $1 million and Delta Air Lines Inc $750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday.

Amazon plans new grocery-store business: WSJ

Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter.

U.S. trade chief courts auto union to back North American trade pact

U.S. Trade Representative Robert Lighthizer and his staff will head to Michigan next week to meet with United Auto Workers union leaders in an effort to win labor backing for a new North American free trade deal, the union said on Friday.

U.S. companies adapt to 'endless' China tariffs

U.S. manufacturers are accelerating their shift out of China, coming to terms with a new reality: the Trump administration's tariffs will not go away any time soon.

U.S. Trade Representative issues notice on delay of China tariff increase

The United States Trade Representative's office (USTR) has released language to delay a scheduled hike in tariffs on $200 billion worth of Chinese goods, due to be published in the Federal Register next week.

Lyft IPO filing shows surging revenue, widening losses

Lyft Inc inched closer to becoming the first ride-hailing company to make a stock market debut by releasing its filing for an initial public offering on Friday, revealing to the public a detailed look at its financial performance.

Wall Street rises as trade optimism counters weak data

The S&P 500 and the Dow Jones Industrial Average rose on Friday after three days of losses, lifted by optimism about the prospects for a U.S.-China trade agreement, but gains were capped by downbeat manufacturing and consumer reports.

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