Wednesday, 27 November 2019

Oil slips after U.S. crude build and record production

Oil slips after U.S. crude build and record production

Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week, while gasoline stocks surged and production hit another record.

Stocks near record highs on trade hopes, dollar gains

The U.S. dollar rose and a gauge of global equities pushed closer to an all-time high on Wednesday after a batch of U.S. economic data brightened the economic outlook and investors remained bullish on the prospect of a U.S.-China trade accord.

U.S. Justice Department closes antitrust probe over wireless carrier-switching technology

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers.

U.S. economy picks up in third-quarter; data surprise on the upside

U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment may be drawing to a close.

Boeing 777X fuselage split during September stress test

The fuselage of Boeing Co's upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, Boeing said on Wednesday.

Mexican official floats prospect of labor tweak for trade deal

Adjustments could be made to how labor disputes are handled in the new United States-Mexico-Canada Agreement (USMCA) trade deal to help push through its ratification in the United States, Mexican deputy foreign minister Jesus Seade said on Wednesday.

U.S. economy growing modestly, labor market still tight: Fed report

The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in a report on Wednesday.

Top U.S. retailers absorb tariff pressure ahead of holiday shopping season

Prices for electronics sold online at top U.S. retailers were up slightly heading into the critical U.S. shopping season, but sites including Walmart Inc and Amazon.com Inc have held prices steady for many other popular holiday products despite the pressure from tariffs on Chinese imports.

Gamblers back Tesla in Ford tug of war as orders reach 250,000

Orders for Tesla Inc's electric pickup Cybertruck are inching closer to the record set by the company's Model 3 sedans in 2016, with company head Elon Musk signaling 250,000 customers have now lined up to buy the new vehicle less than a week after its launch.

Strong data, trade optimism propel Wall Street to record levels

Wall Street's main indexes hit record highs on Wednesday ahead of the Thanksgiving holiday, as fresh data pointed to a resilient domestic economy, while investors remained optimistic about a resolution to U.S.-China trade tensions.

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