Wednesday, 2 October 2019

Tesla deliveries miss Wall Street target; shares fall 6%

Reuters.com Newsletter

Tesla deliveries miss Wall Street target; shares fall 6%

Tesla Inc delivered fewer-than-expected vehicles in its third quarter, fueling doubts about the company's ability to turn a profit and sending its shares down nearly 6% in trading after the bell.

U.S. orders speedy checks for cracks on 165 Boeing 737 NG planes

The U.S. Federal Aviation Administration said on Wednesday that aircraft operators must inspect 165 Boeing 737 NG airliners for structural cracks within seven days after the issue was found on a small number of planes.

Wall Street tumbles as trade war threatens U.S. economy

Wall Street's main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after employment and manufacturing data suggested that the U.S.-China trade war is taking an increasing toll on the U.S. economy.

Global stocks fall to lowest in month on U.S. growth worries

World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in U.S. economic growth and weak earnings in Europe fanned fears that the U.S.-China trade war could push the global economy into a recession.

Tesla asked by U.S. regulator about self-driving crashes in parking lots

U.S. regulators are looking into parking lot crashes involving Tesla Inc cars driving themselves to their owners using the company's Smart Summon feature, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.

Short sellers circle cannabis stocks as profits dwindle

Wall Street's love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise their bets against the industry, fund managers and analysts said on Wednesday.

U.S. wins backing for $7.5 billion of tariffs on Europe in Airbus clash

The United States won approval on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.

U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running aircraft subsidy case, an official with the U.S. Trade Representative's office said on Wednesday.

Delta says new U.S. tariffs on Airbus will hurt profits, inflict 'serious harm'

Delta Air Lines Inc warned on Wednesday that new U.S. tariffs on Airbus planes "will inflict serious harm on U.S. airlines" and shrink the company's profits.

Oil slides 2% as U.S. inventories build, weak economic data weighs

Oil prices fell more than 2% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.

Pompeo says U.S. tariffs after WTO ruling could include cheese, wine

U.S. Secretary of State Mike Pompeo said on Wednesday that retaliatory U.S. tariffs following the World Trade Organization ruling over European illegal subsidies for planemaker Airbus could include cheese and wine.

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