Monday 23 September 2019

Trump's tweets threaten Fed's independence, push rate expectations lower: study

Trump's tweets threaten Fed's independence, push rate expectations lower: study

Interest rate futures traders believe the U.S. Federal Reserve will bow to President Donald Trump's persistent tweets pressuring the central bank to lower interest rates, and this poses a "significant" risk to Fed independence, according to research released on Monday.

Stocks sink on dismal euro zone data, dollar gains

The dollar edged higher while global shares slid on Monday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there.

Wall Street ends flat as mixed economic data fuels caution

U.S. stocks barely budged on Monday, with gains in shares of Apple offset by mixed economic data that added to caution over the prolonged U.S.-China trade war.

Huawei CFO arrives at Vancouver court for hearing expected to disclose arrest details

Huawei Chief Financial Officer Meng Wanzhou arrived at a Canadian courtroom on Monday along with her lawyers to press for more details surrounding her arrest at Vancouver's airport nearly 10 months ago.

Lockheed wins NASA contract worth up to $4.6 billion

Lockheed Martin Corp has been awarded a NASA contract worth up to $4.6 billion to build Orion astronaut capsules, NASA said on Monday.

Oil rises about 1% on concerns about return of Saudi output

Oil ended about 1% higher on Monday after a volatile trading session as traders focused on when Saudi Arabia would be able to restore full output following the Sept. 14 attack on its facilities.

Hundreds of thousands stranded after travel firm Thomas Cook collapses

Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world's oldest travel firm Thomas Cook , sparking the largest peacetime repatriation effort in British history.

'Absolutely gutted': demise of Thomas Cook wrecks travelers' plans

Holidaymakers hit by the collapse of Thomas Cook , the world's oldest tourist firm, desperately scrambled for information on Monday on how to get home, as Britain mounted its largest repatriation effort since World War Two.

Thomas Cook's Nordic unit to carry on after parent company's collapse

Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.

GM-UAW contract talks focus on temp workers

The use of temporary workers is a key bargaining issue in negotiations between General Motors Co and the striking United Auto Workers union over a new four-year contract.

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