Finance

Technology companies helped power stocks higher on Wall Street in late-afternoon trading Monday after the U.S. and Mexico averted a trade war and potentially damaging tariffs. Interested in Stock Market? Add Stock Market as an interest to stay up to date on the latest Stock Market news, video, and analysis from ABC News. The latest […]

American Airlines is pushing back the planned return of its Boeing 737 Max jets until early September, two weeks longer than the airline had previously expected. American over the weekend removed its 24 Max jets from the flight schedule through Sept. 3. The plane has been grounded around the world since mid-March, after the second

President Trump renewed his criticism of the Federal Reserve on Monday, saying that the Fed erred in lifting interest rates last year and put the United States at a disadvantage to China. Mr. Trump, in an interview on CNBC, said the Fed “made a big mistake: They raised interest rates far too fast.” The president

A group of shareholders of Saks Fifth Avenue’s parent has made a cash offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson’s Bay Executive Chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investment SA and Abrams Capital Management. The proposal values the company at

The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are rising Monday as investors welcome a deal between the U.S. and Mexico that avoids the imposition of tariffs. General Motors gained 2.3% and Ford rose 2.5% after President Donald Trump suspended plans to impose tariffs on goods imported from Mexico, including

Asian financial markets advanced Monday after China released better-than-expected trade data for May, though worries remain over trade negotiations between Washington and Beijing. Reopening after a market holiday, Hong Kong’s Hang Seng picked up 2.2% to 27,559.86 and the Shanghai Composite index was 0.8% higher at 2,849.22. Japan’s Nikkei 225 advanced 1.2% to 21,134.42, while

CEDAR RAPIDS, Iowa, June 9 (Reuters) – Nineteen Democratic presidential candidates delivered rapid-fire sales pitches to Iowa party leaders on Sunday, touting their ability to energize voters, win the White House and deliver on longtime party goals such as universal healthcare. At the biggest gathering so far of 2020 presidential candidates, the Democrats had five

France’s finance minister, Bruno Le Maire, says the French government’s priority as a shareholder in automaker Renault SA is to fortify its alliance with Nissan. Le Maire told reporters during a news conference Sunday after a meeting in Japan of the Group of 20 major economies that protecting jobs and Renault’s factories and technology was

The Latest on the trade dispute between China and the United States, and related developments (all times local): 2:32 p.m. President Donald Trump says he’ll make a decision about ramping up tariffs on China after he speaks with Chinese President Xi Jinping at a summit this month in Japan. Speaking Thursday in France, Trump said:

Fiat Chrysler is recalling nearly 343,000 Ram pickup trucks worldwide because the air bags may not inflate in a crash. The recall covers the Ram 1500 mainly from the 2019 model year, although the company has a small number of 2020 models. Fiat Chrysler says a software error can inadvertently disable the air bags and