February 26, 2019

Mexico president seeks investigation of losses at Pemex plants

Mexico’s president said on Tuesday his government would push for an investigation into the hundreds of millions of dollars squandered by state oil company Pemex after […]
February 26, 2019

FCA to invest $4.5 billion in Michigan to expand new Jeep SUV models

Fiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of Jeeps to compete more effectively in […]
February 26, 2019

Tech stocks help S&P inch higher, Home Depot weighs on Dow

The S&P 500 eked out gains on Tuesday, boosted by technology sector, but losses in consumer discretionary shares including Home Depot and Discovery kept the Dow […]
February 26, 2019

Fed’s Powell sees solid but slower U.S. economic growth in 2019

The U.S. economy will grow at a solid though slower pace in 2019 and the Federal Reserve will remain “patient” in deciding whether to further raise […]
February 26, 2019

Instant View: Powell – Fed remains patient deciding on further hikes

Rising risks and recent soft data shouldn’t prevent solid growth for the U.S. economy this year, but the Federal Reserve will remain “patient” in deciding on […]
February 26, 2019

Macy’s new restructuring to cut 100 senior positions, save $100 million annually

Macy’s Inc said on Tuesday it would cut 100 senior management positions as the department store operator seeks to cut costs and improve profitability after reporting […]
February 26, 2019

Wall Street dips at open as Home Depot, Caterpillar drag

U.S. stocks edged lower at open on Tuesday, weighed down by losses in Home Depot and Caterpillar while investors awaited Federal Reserve Chair Jerome Powell’s testimony […]
February 26, 2019

Tesla’s Musk calls SEC ‘broken’ in new Twitter spat

Silicon Valley billionaire Elon Musk laid into the U.S. Securities and Exchange Commission again on Tuesday, after it accused the Tesla Inc chief executive officer of […]
February 26, 2019

Standard Chartered resets growth targets with cost cuts, divestment plans

Standard Chartered PLC has unveiled plans to double returns and dividends in three years by cutting $700 million in costs and boosting income, even though the […]
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