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Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point

12 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Doubts increase that first quarter will be earnings low point
NEW YORK (Reuters) – As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid In Read More

U.S. lawmaker seeks Boeing whistleblowers, some MAX 737 orders in jeopardy

14 hours ago DieselGasoil Comments Off on U.S. lawmaker seeks Boeing whistleblowers, some MAX 737 orders in jeopardy
WASHINGTON/JAKARTA (Reuters) – A U.S. lawmaker on Friday urged current or former Boeing Co and Federal Aviation Administration (FAA) employees to come forward with any information about the certification program for the 737 MAX, which has suffered two fatal crashes in five months. Boeing and the FAA are under global regulatory scrutiny over software and Read More

Some Boeing 737 MAX orders in jeopardy, U.S. pilots try software fix

15 hours ago DieselGasoil Comments Off on Some Boeing 737 MAX orders in jeopardy, U.S. pilots try software fix
JAKARTA/CHICAGO (Reuters) – Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said the deal was already in doubt. Still, Garuda is the first airline to publicly announce plans to Read More

US sanctions Venezuelan development bank in response to arrest of Guaido's 'terrorist' aide

17 hours ago DieselGasoil Comments Off on US sanctions Venezuelan development bank in response to arrest of Guaido's 'terrorist' aide
The US Treasury has imposed sanctions on Venezuela’s Economic and Social Development Bank and on four other institutions affiliated with it, calling in its statement for the release of Juan Guaido’s Chief of Staff Roberto Marrero. While the move came as official US retaliation for Caracas’ targeting the associates of the wannabe president, US Treasury Read More

US sanctions Venezuelan Economic and Social Development Bank in response to Guaido's aide arrest

18 hours ago DieselGasoil Comments Off on US sanctions Venezuelan Economic and Social Development Bank in response to Guaido's aide arrest
The US Treasury has sanctioned Venezuelan Economic and Social Development Bank and four other institutions affiliated with it calling for the release of Roberto Morrero in its statement. While the move came as an official US retaliation for Caracas targeting the associates of the wannabe president, the Treasury Secretary Steven T. Mnuchin painted the Bank Read More

In foreboding sign for U.S. economy, factory sector softens

18 hours ago DieselGasoil Comments Off on In foreboding sign for U.S. economy, factory sector softens
WASHINGTON (Reuters) – U.S. manufacturing activity unexpectedly cooled in March, a troubling sign for the economy although the housing market showed signs lower interest rates were giving it a boost. A man walks his dog past a mural depicting factory workers in the historic Pullman neighborhood in Chicago November 20, 2014. REUTERS/Andrew Nelles Financial data Read More

U.S. Treasuries signal trouble, stocks fall after weak data

18 hours ago DieselGasoil Comments Off on U.S. Treasuries signal trouble, stocks fall after weak data
NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March Read More

Wall Street stumbles as investors spooked by signs of economic slowdown

18 hours ago DieselGasoil Comments Off on Wall Street stumbles as investors spooked by signs of economic slowdown
NEW YORK (Reuters) – Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 and 2 percent as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global economic downturn. Traders work on the floor Read More

Wall St. tumbles as weak factory data fuels slowdown worries

19 hours ago DieselGasoil Comments Off on Wall St. tumbles as weak factory data fuels slowdown worries
(Reuters) – Wall Street’s main indexes tumbled about 2 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to an inverted yield curve, stoking fears of an economic slowdown. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell Read More

Global growth rebound hopes hit by weak factory data

19 hours ago DieselGasoil Comments Off on Global growth rebound hopes hit by weak factory data
LONDON/TOKYO (Reuters) – Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown. FILE PHOTO: A worker is seen at a factory at the Keihin industrial zone Read More