Market Pulse - Usa
Tesla to raise prices after rowing back on store closures
In another sudden reversal, Tesla is increasing the price of most of its electric cars after deciding to scale back its store closure programme, which is therefore now expected to yield fewer savings.
US close: Stocks close higher as investors ignore Boeing selloff
US stocks closed higher on Monday, with the Dow shaking off a triple-digit fall seen earlier in the session as a result of falling Boeing stocks in the wake of yet another tragedy involving one of its 737 Max 8 jets.
Deutsche Bank lowers Experian to 'sell' on 'less supportive' market
Analysts at Deutsche Bank downgraded shares of consumer credit reporting company Experian to 'sell' on Monday, citing a "less supportive" market.
US open: Dow opens lower as Boeing flies lower
Wall Street trading began on a mixed note on Monday, with the Dow being dragged down around 30 points on the back of heavy losses for Boeing.
US retail sales edge past forecasts in January, details of report stronger
US retail sales edged up at the start of the year following an exceptionally weak reading for the month before and some analysts said a detailed analysis showed weakness was being "substantially" overstated.
China and Indonesia ground Boeing 737 Max 8 jets after Ethiopia crash
Boeing shares are plummeting by 12% in pre-market trading after China and Indonesia decided to ground their 737 Max 8 jets made by the American aerospace giant in the wake of a catastrophic Ethiopian Airlines crash at the weekend that killed all 157 people on board.
Barrick withdraws bid for Newmont, forms joint-venture instead
North American natural resources outfits Barrick Gold and Newmont Mining have agreed to form a joint-venture, combining their mining operations, assets, reserves and talent in the US state of Nevada.
Nvidia to buy Israel's Mellanox in $6.9bn deal
Nvidia has agreed to buy Israeli chipmaker Mellanox Technologies for $125 per share in cash, which represents a total enterprise value of around $6. 9bn.