Business News

• Huawei shipments could fall by up to a quarter this year: analysts May 25, 2019
  China's Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.
• Wall Street Weekahead: Trade protection doesn't have to exclude growth stocks May 25, 2019
  The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.
• Amazon facial recognition ban won just 2% of shareholder vote May 25, 2019
  Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.
• Boeing at two-week high as approval for 737 MAX to fly seen by late June May 24, 2019
  Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.
• Musk's SpaceX raised over $1 billion in six months: filings May 24, 2019
  Billionaire entrepreneur Elon Musk's SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.
• Wall St. edges higher after Trump sparks U.S.-China trade hopes May 24, 2019
  Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.
• Global stocks climb on muted trade hopes, dollar slips May 24, 2019
  World equity markets rebounded on Friday from the previous day's sharp fall, after U.S. President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal.
• United Airlines shakes up Avianca leadership after shareholder default May 24, 2019
  United Airlines launched a management overhaul at Colombia's Avianca Holdings on Friday, removing top shareholder German Efromovich from controlling the cash-strapped airline, according to regulatory filings.
• Oil rises more than 1% but sets biggest weekly loss of 2019 May 24, 2019
  Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.
• United Airlines extends cancellations of Boeing 737 MAX flights into August May 24, 2019
  United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes.