Markets
Wall Street pegs Boeing's 737 Max bill at more than $25 billion
The company has already booked $9 billion in costs related to the grounding.
China is an opportunity for investment: Ray Dalio
Bridgewater Associates founder Ray Dalio argues low interest rates and monetary policy makes owning cash a bad investment, investors should be diversified across different countries and that he is a globalist when it comes to China and is therefore not concerned with China’s domestic policies.
At Davos, Kudlow touts huge wage gains among blue-collar workers: ‘Booster rocket to this economy’
Overall, wages have accelerated this year by an average of 3.6 percent, as unemployment has held steady at 3.5 percent.
US-China trade war: Suits, skirts sugar tariffs reduced by US
The break for importers is coming less than a month after the Jan. 15 signing of a pact by President Trump and Chinese Vice Premier Liu He that de-escalated a nearly two-year trade war between the world’s two largest economies.
Ray Dalio on China: 'This ain't your grandfather's communism'
"We’re almost at an anticapitalist move here," Dalio said, referring to the U.S.
Global fiscal expansion not on horizon: UBS chairman
UBS chairman Axel Weber argues the U.S. will experience growth under 2 percent in the beginning of the year due to headwinds caused by residual trade uncertainty, that the Federal Reserve has little room to maneuver in the event of downturn and that countries have to focus on structural policies at the World Economic Forum in Davos.
Johnson & Johnson misses revenue estimates as blockbuster drugs disappoint
Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of expectations.
Activist hedge fund Elliott sells stakes in Hyundai companies: report
The hedge fund's campaign demanding $6 billion in dividends and board seats was thwarted in March.
Costco’s sea cucumbers sign of global growth opportunity
The membership warehouse retailer is getting its groove back.
Stocks rebound following China virus driven selloff
The S&P 500 three-day winning streak was snapped on Tuesday
Toyota recalls 2.9M vehicles; air bags may not inflate
Owners will be notified by mid-March.
Fairway planning to file for Chapter 7 bankruptcy, close all its stores: report
The liquidation could be announced as soon as Wednesday