The U.S. Federal Aviation Administration distanced itself on Thursday from suggestions by Boeing that its grounded 737 MAX could resume flying passengers in October, saying regulators do not have a timeline for vetting safety upgrades.
The U.S. government will pay American farmers between $15 to $150 per acre starting from mid- to late-August, Department of Agriculture officials said on Thursday, as part of its $16-billion aid package to compensate those hurt by the trade war with China.
Wall Street fell from record highs on Thursday following a flurry of downbeat quarterly results from Ford Motor and other companies and after European Central Bank chief Mario Draghi’s comments disappointed investors hoping for a more dovish stance on monetary policy.
Oil prices edged higher on Thursday supported by rising tensions between the West and Iran and a big decline in U.S. crude stockpiles, but gains were capped due to lingering worries about slowing economic growth that could reduce fuel demand.
Boeing Co’s top two U.S. customers warned on Thursday of an increasing financial toll from the prolonged grounding of the 737 MAX jet, which prompted a “frustated” Southwest Airlines Co to announce it was ending operations at Newark Liberty International airport.
U.S. stocks backed off record highs and bond yields rose following mixed earnings and rosier-than-expected economic sentiment from the European Central Bank’s governor.
U.S. stocks slid on Thursday after a handful of downbeat earnings pointed to a slowing global economy and as European Central Bank chief Mario Draghi’s comments disappointed investors who were hoping for a more dovish stance.
Bristol-Myers Squibb Co , which is set to buy biotechnology company Celgene Corp for $74 billion, posted better-than-expected second-quarter profit on Thursday on strong sales of blood thinner Eliquis and rheumatoid arthritis treatment Orencia.
Twitter Inc will have a chance to detail its plans to grow users and ad dollars on Friday when it releases its second-quarter earnings before the market opens.
Shares of Tesla Inc sank 14% on Thursday and its bonds traded lower, a day after the electric carmaker said it needed more time to turn a profit, reported lower margins and announced the departure of a key executive.
The U.S. Federal Aviation Administration has no specific timeline for the return to service of Boeing Co’s 737 MAX, which has been grounded following two deadly crashes, the agency’s acting administrator said on Thursday.
Dow Inc forecast current-quarter revenue below analysts’ expectations on Thursday and cut 2019 spending as chemical companies grapple with U.S.-China trade dispute and an oversupply of chemicals used to make plastics.
The acting administrator for the U.S. Federal Aviation Administration said on Thursday that the agency had no specific timeline for the return to service of Boeing Co’s 737 MAX, which has been grounded in the wake of deadly crashes.
New orders for key U.S.-made capital goods surged in June, suggesting some improvement in business investment, but economic growth is still expected to have slowed sharply in the second quarter amid weaker exports and a smaller inventory build.
U.S. stocks slipped on Thursday after a handful of disappointing earnings pointed to a slowing global economy and as European Central Bank signaled monetary policy easing in the future, underwhelming investors who had expected more.
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