Monday, 18 November 2019

Wall Street nudges up as investors await U.S.-China trade clarity

Reuters.com Newsletter

Wall Street nudges up as investors await U.S.-China trade clarity

Wall Street's three main indexes on Monday barely extended the previous session's closing records as investors waited for concrete progress on U.S.-China trade relations after mixed headlines.

Stocks climb on Huawei extension, buoying U.S. Treasuries

Global equity markets edged higher on Monday, lifting prices of U.S. government debt, as a 90-day extension allowing U.S. companies to do business with China's Huawei eased the latest spike in investor angst over U.S.-Sino trade tensions.

With stores burned and looted, Walmart seeks police protection in riot-hit Chile

Walmart has sought court orders for police protection in protest-wracked Chile after more than 120 of its supermarkets were looted or burned.

Lawsuit against Boeing seeks to hold board liable for 737 MAX problems

A shareholder lawsuit filed on Monday accused Boeing Co's board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months.

Auto parts supplier Prevent Group sues Volkswagen for suppressing competition

Volkswagen parts supplier Prevent Group on Monday filed a lawsuit alleging the German automaker used anticompetitive tactics to stop larger suppliers like the company from acquiring smaller rivals in the United States.

Amazon offers ad-supported free music streaming service

Amazon.com Inc said on Monday it has introduced an ad-supported free version of its music streaming service Amazon Music, taking on rival Spotify Technology which has nearly 140 million users for its free version.

Coty takes $600 million bet on reality star Kylie Jenner's beauty brands

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%.

WeWork's 2025 junk bond falls to record low

Shared-office operator WeWork's 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%.

Justice Department asks court to scrap decades-old 'Paramount' antitrust decrees

The U.S. Justice Department said on Monday that it would ask a court to scrap decades-old 'Paramount' consent decrees enacted to protect movie theaters from powerful studios.

Lawsuit claims Burger King's Impossible Whoppers are contaminated by meat

Burger King was sued on Monday by a vegan customer who accused the fast-food chain of contaminating its meatless "Impossible" Whoppers by cooking them on the same grills as its traditional meat burgers.

U.S. car safety agency head: NAFTA successor 'big win' for industry

The acting top U.S. auto safety official said on Monday he was confident the U.S. Congress will ratify the trade treaty intended to replace NAFTA, boosting the auto industry and enabling automakers to build safer cars at lower prices.

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