Lowe's second-quarter earnings and revenue beat Wall Street expectations.Retailread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
United Airlines on Friday said it will extend its Boeing 737 Max groundings through Nov. 3, amounting to 2,100 cancellations in September and 2,900 in October.
United, which has 14 Max jets in its fleet, had previously removed the planes from its schedule through Aug. 3.
"We are continuing to work through the schedule to try and swap and upgauge aircraft to mitigate the disruption caused by the grounding of the MAX," United said in a statement.
"We continue to automatically book affected customers on alternate flights. If we are unable to place them on a different flight, we will proactively reach out to try and offer other options."
The 737 Max has been grounded worldwide since mid-March, after its anti-stall software was implicated in two deadly crashes in October and March.
Other major airlines including American and Southwest have canceled thousands of flights during the busy summer travel season, and have further removed the Max from schedules through Sept. 3 and Oct. 1, respectively. Those airlines will likely further extend cancellations.
United is scheduled to report second-quarter results after the market closes Tuesday. Delta Air Lines, which does not fly the 737 Max, said Thursday that it's seeing a small benefit as rivals grapple with the grounding.
Boeing deliveries are stopped until aviation regulators approve the jet's return to service. The airplane maker said in June that it would likely take until September or later to introduce a new software fix after the Federal Aviation Administration identified a new software issue a month ago.