Southwest Airlines shares slipped 1 percent in premarket trading on Wednesday after the low-cost carrier trimmed its revenue forecast following the grounding of its Boeing 737 Max planes. The Dallas-based airline expects its revenue per available seat mile, a key industry metric of how much an airline generates for each […]
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Dow Jones Industrial Average to swap Dow Inc. in for DowDuPont
Dow Inc. will replace DowDuPont in the Dow Jones Industrial Average following the chemical corporation’s breakup into three smaller companies, S&P Dow Jones Indices said on Tuesday. The rearrangement of the widely followed blue-chip index of 30 companies would happen on April 2 before the U.S. stock market opens, S&P […]
A Tesla rival in China wants at least $500 million in funding, and it may try a US IPO
Xpeng Motors, a Chinese rival to Tesla, is seeking at least $500 million in funding and separately looking at a public listing, possibly in the United States, its CEO He Xiaopeng told CNBC on Wednesday. Founded in 2014, it is one of the many electric car companies that have sprung […]
Draghi says the ECB stands ready to act and could delay a rate hike again
European Central Bank (ECB) President Mario Draghi made further dovish comments on Wednesday, suggesting there could be another delay in hiking interest rates if required. Speaking at a conference in Frankfurt, Draghi said that “adjusting our rate forward guidance” is an option to fulfill the bank’s inflation target. “Our current […]
Trump has officially recognized Israel’s annexation of the Golan Heights. Here’s what it means
President Donald Trump added a new notch to his belt of shock foreign policy moves Monday night, signing a proclamation officially recognizing Israel’s annexation of the Golan Heights, which it captured from Syria in 1967 and has occupied ever since. Trump initially announced the policy about-face last week via Twitter, […]
Is Italy playing with fire when it comes to China?
Italy’s decision to be the first major European economy to join China’s massive investment and infrastructure project, the Belt and Road Initiative (BRI), can only exacerbate tensions between Italy and its neighbors. On Saturday, President Xi Jinping and the Italian government signed a non-binding agreement for Italy to join China’s […]
Green investing in marine activities is ‘pretty exciting’: Credit Suisse
Green investing in marine-related activities such as sustainable fishing and ocean-based tourism is a “pretty exciting” opportunity, according to one Credit Suisse executive. “It’s pretty exciting. If you calculate … the oceans in an economic term, it is the seventh-largest GDP in the world … It includes sustainable fisheries, it […]
New York county declares state of emergency following a severe outbreak of measles
A county in New York City’s northern suburbs declared a state of emergency Tuesday over a measles outbreak that has infected more than 150 people since last fall, hoping a ban against unvaccinated children in public places wakes their parents to the seriousness of the problem. “It’s an attention grab, […]
Goldman Sachs has a ‘buy’ rating on these stocks in India
Indian stocks have been one of the most resilient among emerging markets in the past year — and Goldman Sachs said equities will likely climb even higher in the coming months. India, the third largest economy in Asia, was the only emerging country in the region with a stock market […]
China’s economy picks up as companies pile on debt, survey finds
Beijing can still engineer growth on paper — at an ever-increasing cost, according to a report released on Wednesday. The latest report by research firm China Beige Book found “an unmistakable first-quarter recovery“ driven by increased credit, running counter to Beijing’s efforts to reduce reliance on debt, or the process […]