Wall St. rises as tech shares rebound after Huawei reprieve

Wall St. rises as tech shares rebound after Huawei reprieve
NEW YORK (Reuters) – Shares of technology companies helped push Wall Street forward on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan... Read More

Southwest Airlines mechanics dispute ends just as American’s heats up

Southwest Airlines mechanics dispute ends just as American’s heats up
CHICAGO (Reuters) – Southwest Airlines Co’s mechanics union said on Tuesday its members had overwhelmingly voted to ratify a tentative contract agreement with the airline, ending seven years of labor negotiations fraught with legal disputes and flight disruptions. FILE PHOTO: A Southwest Airline Boeing 737 MAX 8 aircraft lands at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike... Read More

Rare earth firms’ stocks soar on U.S.-China trade war speculation

Rare earth firms’ stocks soar on U.S.-China trade war speculation
SHANGHAI (Reuters) – Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war. A villager shovels cast-off tailings of crushed mineral ore that contain rare earth metals... Read More

Airbus CEO hints at more powerful A321 jet

Airbus CEO hints at more powerful A321 jet
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo TOULOUSE (Reuters) – Airbus Chief Executive Guillaume Faury hinted on Tuesday at the launch of a more powerful new A321 jet, saying the planemaker’s current A321LR was the world’s longest-range single-aisle jet “for the moment.” Industry sources have said... Read More

Fed officials see past misses as trouble for any new inflation approach

Fed officials see past misses as trouble for any new inflation approach
ATLANTA/NEW YORK (Reuters) – The Federal Reserve is discussing whether a better way to get the U.S. economy to hit the central bank’s inflation target is to tolerate much higher price increases in some years to counter the weaker ones. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo One problem:... Read More

Former Tesla bull makes $10 worst case call on China worries

Former Tesla bull makes $10 worst case call on China worries
(Reuters) – One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars. Shares of Tesla edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst Adam Jonas outlined his worst case... Read More

Fed officials see past inflation misses as trouble for any new framework

Fed officials see past inflation misses as trouble for any new framework
ATLANTA (Reuters) – In discussing the best way to manage the U.S. central bank’s 2 percent inflation goal, Federal Reserve officials are considering strategies that may see them tolerate much higher price increases in some years to offset the weaker ones. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo One... Read More

Tech stocks pull Wall Street higher as U.S. eases Huawei restrictions

Tech stocks pull Wall Street higher as U.S. eases Huawei restrictions
(Reuters) – Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies, raising expectations that the two countries would work toward a trade deal. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid Chipmakers, which bore the... Read More