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Boeing Inc. (BA) is facing a class action from a Canadian pilot claiming the company engaged in an “unprecedented cover-up” with the U.S. Federal Aviation Administration related to the 737 Max that damaged the professional and personal lives of more than 400 Max-certified pilots.
American steel importers asked the highest court in the land to review a March ruling from the U.S. Court of International Trade that upheld the constitutionality of Trump imposing a 25% tariff on imported steel and a 10% duty on imported aluminum. Yahoo Finance's Zack Guzman & Heidi Chung, along with Payne Capital Management Senior Wealth Adviser Michelle McKinnon discuss.
With a trade war between the U.S. and China that has been raging on since March 2018, the economic effects are becoming clearer.
hugely popular Prime Day will run for 48 hours this year, the online retailing giant announced on Tuesday, in a nod to both the Black Friday-like popularity of the annual event and Amazon's willingness to offer discounts to reel in and keep customers. Amazon's fifth annual Prime Day will begin at midnight ET on Monday, July 15, the company said. Shoppers have to be Amazon Prime subscribers to take advantage of any deals.
Yesterday, India’s Economic Times reported that Walmart-owned Flipkart (WMT) will go public in the US. The newspaper said that the board has decided on a listing in 2022. Walmart bought a 77% stake in this Indian e-commerce startup last year at a whopping $16 billion.
Disney is in talks to invest in a media subsidiary of Indonesian group Media Nusantara Citra (MNC), an MNC executive told Reuters. "If the two companies can agree, Disney would invest $200 million for 10 years," the executive said, asking not to be named due to the confidentiality of the talks. MNC founder Hary Tanoesoedibjo, a business partner of U.S. President Donald Trump, declined to comment on whether the company was in talks with Disney.
In the first quarter of 2019, streaming platform Hulu added 3.8 million subscribers in the US, more than twice as many as Netflix's (NFLX) 1.74 million. Hulu’s subscriber base has now increased to 28 million, up from ~25 million in January 2019.
Markets are expecting the Federal Reserve to cut rates this year after gradual increases since 2015. While broader markets rose after the Fed took a dovish approach in last week’s meeting, does the central bank have the pill to address a slowdown?
On June 20, AT&T;’s 14-day relative strength index score was 59, which indicates that the company’s stock isn't oversold or overbought. T-Mobile and Sprint’s 14-day RSI scores were 62 and 64, respectively.
(Bloomberg) -- Norway’s $1 trillion wealth fund revoked its more than decade-long exclusion on Walmart Inc. after the U.S. retailer tightened control over potential human rights abuses in its supply chain.Walmart has made “positive developments” in monitoring its suppliers, the fund’s Council on Ethics said in a statement released Tuesday.“Furthermore, the company engages actively in selected, high-risk areas in order to help bring about improvements in working conditions,” the council said in a letter. “There seem to be fewer reports of poor working conditions in Walmart’s supply chain now than there were before.”The fund also decided to revoke exclusions to Grupo Carso SAB de CV, General Dynamics Corp., Nutrien Ltd., Rio Tinto Ltd. and Rio Tinto Plc, as well as Wal-Mart de Mexico SAB de CV, according to a statement.General Dynamics was let in from the cold after discontinuing the production of cluster munitions while Grupo Carso is no longer involved in tobacco, according to the fund. The exclusion of Nutrien was revoked after it ceased purchases from Western Sahara and Rio Tinto was taken off the list after it agreed to sell its Grasberg mine in Indonesia, reducing the risk of “severe environmental damage.”Norway’s sovereign wealth fund, the world’s largest, takes into account ethical rules encompassing human rights, some weapons production, corruption, the environment, coal and tobacco when deciding on its investments.Runar Malkenes, a spokesman at Norway’s central bank, said the recommendations to revoke the exclusions were made over time, but the bank found it “appropriate” to publish all seven decisions at the same time. It’s part of the council’s mandate to regularly reassess exclusions, he said in an email. To contact the reporter on this story: Sveinung Sleire in Oslo at firstname.lastname@example.orgTo contact the editor responsible for this story: Jonas Bergman at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The issue was Rio Tinto's stake in the mine, which according to the Norwegian finance ministry at the time, discharged very large amounts of tailings directly into a natural river system.
The world's most popular cryptocurrency just surpassed $11,000, but inherent flaws make it a terrible long-term investment.