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

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Your evening briefing. Reuters Business Sponsored by   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. Related Videos WeWork CEO in talks over future role WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, including the possibility of giving up his CEO role at the office-sharing start-up. Fred Katayama reports. Breakingviews TV: We-shuffle WeWork CEO Adam Neumann is facing investor pressure to relinquish his role at the office-share company, Reuters reported – a sign that his iron grip is loosening. It's reminiscent of what happened at ride-share company Uber. But WeWork looks more challenged, Liam Proud argues. Sponsored by IBM: Another security tool? Pass. You don't need new tools. You need new rules. IBM Security creates a connected unified ecosystem that works better together. So, you're more secure. Meet the new rules of security World news that matters. More Newsletters Get Reuters News App Get Reuters TV App               © 2019 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions