U.S. stock futures are trading broadly higher this morning. The major market indices are gaining ground following their worst weekly performance in more than two years.
Helping to improve sentiment on Wall Street are reports that the U.S. and China are holding talks to avoid a trade war. Leading these talks are Liu He, China’s economic czar, and U.S. Treasury Secretary Steven Mnuchin....More>>>
Big, bold and fully updated, the new Ford Expedition has the goods to take the sales crown away from the Chevrolet Tahoe.
Just as minivans replaced the family station wagon in the 1980s, so too did big SUVs vanquish those vans in the 1990s. Since then, however, the Great Recession and occasional gas price shocks have returned the largest SUVs to their original role in the market: expensive....More>>>
China just moved a step closer to acquiring one of America’s oldest stock exchanges, despite security concerns raised by some in Congress.
This week a U.S. panel that examines foreign deals for potential national security concerns cleared the purchase of the 134-year-old Chicago Stock Exchange by a China-led group of investors.
The Chicago Stock Exchange said the Committee....More>>>
The “x”citement might be over for the iPhone X.
Shares of Apple and its suppliers tumbled this week after multiple industry analysts predicted weak demand for the new flagship iPhone. Apple’s (AAPL) stock slid by as much as 4% in premarket trading Tuesday.
The radically redesigned iPhone X was supposed to give Apple a boost following a couple years of sinking....More>>>
Russia isn’t just trying to sell its new airliner abroad. It might build it there, too.
State-owned military-industrial giant Rostec, which is responsible for exporting Russian technology, said Sunday that it has started talks to jointly produce a commercial plane overseas — potentially in the United Arab Emirates.
The short statement, which coincided with the start....More>>>
Hindalco Industries share price gained a percent intraday on Thursday as its subsidiary Novelis is going to double its automotive aluminum capacity in China.
“Novelis Inc, the world leader in aluminum rolling and recycling, will invest approximately $180 million to double its automotive aluminum body sheet capacity at its Changzhou facility in China,” the aluminium major....More>>>
ESPN presidentJohn Skipperwas hiding a substance abuse problem for many years. On Monday, he stopped hiding.
Skipper’s resignation, which took effect immediately, stunned the sports and media worlds. ESPN hosts and staffers wished him well and privately wondered who will take over the TV sports empire.
Disney CEO Bob Iger has given himself 90 days to figure that out. Tuesday....More>>>
Chinese developers may have had a stellar 2017 compared with recent years but bond investors are increasingly concerned their windfall won’t be enough to withstand the tighter funding conditions this year that could lead to cash crunches.
Last year saw a broad based improvement in finances for China’s property sector, helped by fast-rising property prices. Profit margins rose....More>>>
China’s growing military might is prompting other nations in the region to spend more on weapons.
That trend is in evidence Tuesday at the start of the Singapore Air Show, where a host of countries and companies are showing off their defensive hardware.
Australia is displaying a pair of converted Boeing (BA) airliners that are used for tracking the skies and seas around the....More>>>
IMAX China (OTC:IMXCF) (OTC:IXCNY) [HKG:1970], the market leader in theater screening technology in China and the exclusive licensee of the IMAX brand in the country, is currently trading at a discount of more than 30% to its IPO price in 2015, while its forward P/E multiple is at the lower end of where listed peers are trading. The stock’s valuation should experience....More>>>