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Tesla filing shows U.S. third-quarter sales dropped 39%

Tesla Inc's third-quarter revenue fell 39% in the United States, a regulatory filing showed https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459019038256/tsla-10q_20190930.htm on Tuesday.



5 years ago

World stocks cling to gains on trade optimism, mixed earnings knock Europe

World stocks hovered near a 15-month high on Tuesday underpinned by cautious hopes over a China-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.



5 years ago

Trump, Xi meeting date is still fluid: White House official

U.S. President Donald Trump and Chinese President Xi Jinping are expected to finalize a trade agreement on the sidelines of next month's Asia-Pacific Economic Cooperation summit in Chile, but the date is still fluid, a White House official said on Tuesday.



5 years ago

China woes persist as pressure point for U.S. corporate profits

The U.S.-China trade war persists as an impediment to the growth of U.S. companies, even as the two countries appear close to clinching a limited agreement.



5 years ago

Boeing CEO tells U.S. lawmakers at hearing: 'We've made mistakes'; faces tough questions

Boeing Co Chief Executive Dennis Muilenburg was pressed by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages that described erratic behavior of the software in a simulator.



5 years ago

Tesla filing shows U.S. sales tumbled 39% in third quarter

Tesla Inc's third-quarter revenue tumbled 39% in the United States, its first drop in more than two years, but sales in China and other regions surged, the electric car maker's break down of sales by geography showed on Tuesday.



5 years ago

S&P 500 squeezes higher on robust Merck, Pfizer earnings

The S&P 500 touched a new record high on Tuesday as investors cheered strong earnings from big drugmakers Merck and Pfizer, while a disappointing profit from Google parent Alphabet kept the Nasdaq firmly in the red.



5 years ago

Kellogg profit gets boost from snacks, frozen foods

Kellogg Co's quarterly revenue and profit beat Wall Street expectations on Tuesday, as demand for its Pringles and Cheez-It snacks, as well as frozen foods cushioned the impact of sluggish sales for its cereals in North America.



5 years ago

GM expects to spend more on EVs than gas-powered cars in next five years: CEO

General Motors Co expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday.



5 years ago

Volkswagen brings electric cars to Rwanda for ride-hailing service

Volkswagen is importing a batch of electric powered Golf models into Rwanda for a local ride-hailing service, establishing a bridgehead in the country that it hopes to expand to other nations as it seeks to increase market share globally.



5 years ago

Factbox: When will the Boeing 737 MAX fly again?

Boeing Co's best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in on Oct. 29, 2018. A total of 346 people died in the two crashes.



5 years ago

U.S. consumer confidence slips, housing stabilizing

U.S. consumer confidence fell for a third straight month in October amid concerns about the short-term outlook for business conditions and job prospects, but remained at levels consistent with continued growth in consumer spending.



5 years ago

Exclusive: U.S.-China trade deal may not be ready for signing in Chile - U.S. official

The United States and China are continuing to work on an interim trade agreement, but it may not be completed in time for the U.S. and Chinese leaders to sign it in Chile next month, a U.S. administration official said on Tuesday.



5 years ago

Exclusive: U.S.-China trade deal might not be ready for signing in Chile - U.S. official

An interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected but this does not mean that the accord is falling apart, a U.S. administration official said on Tuesday.



5 years ago

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

Coindesk | Leigh Cuen | Oct 29, 2019 Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO was driven by customer demand. Out of

5 years ago