For Boeing's proposed twin-aisle jetliner, known internally as NMA, Boeing's Test& Evaluation group is developing the technology to replace costly and labor intensive physical safety tests used for decades- such as using machines to bend the wings to extreme angles and shaking the fuselage until it cracks- with computer modeling, according to three people...
NEW YORK, June 14- The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks. Bets for a rate cut were amplified by comments from Fed Chairman Jerome Powell on June 4, who...
Gold prices retreated on Friday as upbeat U.S. retail sales somewhat eased fears that the economy was slowing down in the second quarter.
Oil rose after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions.
The dollar index climbed to its highest level in a week on Friday after encouraging retail sales data for May eased fears that the U.S. economy is slowing sharply, ahead of the Federal Reserves meeting next week.
WASHINGTON, June 13- Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc's $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers. The former U.S. vice president's remark comes at a time when Amazon has been repeatedly criticized...
The White House Office of Management and Budget told the U.S. Congress it will meet a two-year deadline to ban federal contracts with companies that do business with Chinese telecom giant Huawei.
Affluent millennials like the coasts.
June 10- Salesforce.com Inc agreed on Monday to buy big data firm Tableau Software Inc for $15.3 billion, adding muscle in its fight with Microsoft Corp for a bigger share of the market that helps businesses target customers with tools to analyze and visualize data. The business of analyzing data is fast becoming a battleground, with tech behemoths Alphabet...
Uber unveiled its newest Volvo self-driving car as it works to eventually deploy vehicles without drivers under some limited conditions.
Gold prices gained momentum on Wednesday as the dollar dipped on speculation the U.S. central bank would cut interest rates this year amid concerns about waning global economic growth.
June 11- Amazon.com Inc said on Tuesday it would end its restaurant food delivery service in the U.S. later this month, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services. "As of June 24th, we will be discontinuing the Amazon Restaurants business in the U.S. Amazon Restaurants was launched in 2015 in Seattle and was...
The U.S. dollar index was flat on Tuesday as investors focused on the U.S.-China trade war and economic data for signals of growth and whether the U.S. Federal Reserve is likely to cut rates in the coming months.
Gold prices dipped slightly on Tuesday as investors booked profits following robust gains over the past weeks, while rising hopes of a trade deal between China and the United States lifted equities.
As the U.S. and China are deadlocked in a trade and technology dispute, experts say Taiwan's value as a bargaining chip has increased.
Gary Shapiro of the Consumer Technology Association called tariffs an "economic fence" and said they are "not a good strategy" to deal with China.
WASHINGTON, June 10- The U.S. Supreme Court on Monday agreed to a hear a bid by a unit of British oil major BP Plc to avoid a lawsuit by private landowners in Montana seeking to force the company to pay for a more extensive cleanup of a Superfund hazardous waste site than what federal environmental officials had ordered. The justices took up Atlantic Richfield Co's...
Gold prices dropped 1% on Monday, slipping from a 14-month peak, after U.S. President Donald Trump's decision not to impose trade tariffs on Mexico spurred risk sentiment and lifted the dollar from recent lows.
The larger trade surplus came as China's dollar-denominated exports increased by 1.1% in May, while imports imports fell 8.5%.
Canada-China relations got rocky after Canadian authorities arrested Meng Wanzhou, Huawei's chief financial officer, in December.