Southwest Airlines expects it will have to remove the grounded Boeing Co 737 Max jets from its flying schedule beyond the current October 1 re-entry date following the discovery of a fresh safety issue, Chief Executive Gary Kelly told employees on Monday. Last week, Boeing said that it would take until at least September to […] Read more
The meeting between Chinese and American leaders in Osaka may have pressed the pause button on their escalating trade war, but pundits on both sides remain doubtful about how long a ceasefire can avert a looming showdown between the two economic superpowers. In a make-or-break meeting on Saturday that stole the limelight at the Group […] Read more
Stocks in Asia Pacific dipped on Friday as investors watched for developments from the G-20 summit in Osaka, Japan, where U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade standoff. In Japan, the Nikkei 225 slipped 0.29% to close at 21,275.92, with shares of index heavyweight and […] Read more
The Conservative Party must unite under its next leader — whoever that may be — in order to avoid the “threat” of a “hard-left” government led by the Labour party, the U.K.’s international trade minister told CNBC Thursday. “We’ll have to come together (as a party) because the real threat to the United Kingdom’s security […] Read more
More than 500 Wayfair employees signed on to a petition and are trying to rally support for a walkout Wednesday to protest the company’s apparent sale of $200,000 of mattresses to a detention camp for migrant children along the Mexican border. The company sold the mattresses on June 13 to a charity group that works […] Read more
Xi Jinping will be visiting Japan for the first visit since becoming China’s president, when he heads to Osaka this weekend to attend the Group of 20 summit. While Xi got off to a strained start with Japanese Prime Minister Shinzo Abe, the two have made significant progress in turning around their countries’ tense bilateral […] Read more
When Federal Reserve officials meet this week, they are expected to clear the way for a July interest rate cut by downgrading their economic forecast, tweaking the language in their statement and reducing their interest rate forecasts. The Fed is expected to remove the word “patient” from its statement, signaling that it is ready to […] Read more
Universal’s newest Harry Potter ride, Hagrid’s Magical Creatures Motorbike, opens Thursday in Orlando, Florida. Within an hour of debuting, the ride has a 10-hour wait. The $300 million investment from Universal takes parkgoers on a mile-long journey through the infamous Forbidden Forest on Hagrid’s iconic motorbike. “Developing your blog is a balancing act between appeasing […] Read more
The lawsuit alleges National Beverage President Joseph Caporella fired an employee who objected to false statements about the chemicals in LaCroix cans. National Beverage said, “false statements were made in litigation brought by a former employee seeking to extract a monetary recovery from the company. We intend to vigorously defend our company and our brands […] Read more
French Finance and Economy Minister Bruno Le Maire has said the country has a strategy to reinforce a fragile alliance between Renault and Nissan. “What is at the heart of this strategy is the reinforcement of the alliance between Renault and Nissan” Le Maire told CNBC on Sunday. “Then we will see if consolidation is […] Read more
