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Trump, Powell met Monday at White House to discuss economy

U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday in their second meeting since Powell started the job in February 2017, and soon became the target of criticism from the president who appointed him.

Trump says he told Fed’s Powell U.S. interest rates are too high

U.S. President Donald Trump said he complained to Federal Reserve Chair Jerome Powell about high U.S. interest rates in a meeting they held at the White House on Monday morning.

Exclusive: KKR taps CK Infrastructure, buyout groups for Goodpack sale – sources

KKR & Co. has tapped Hong Kong’s CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden’s EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said.

Asian shares mixed as doubts grow on elusive U.S.-China trade deal

Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation.

Exclusive: New York State Attorney General investigating WeWork – sources

The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a mounting series of problems that have turned the workspace provider from a Wall Street darling to a pariah in a matter of weeks.

U.S. Congress seeks answers on patient privacy in Google, Ascension cloud deal

Four Democratic leaders on the U.S. House of Representatives Energy and Commerce committee on Monday wrote Alphabet Inc’s Google and Ascension Health demanding briefings by Dec. 6 on how patient data the hospital chain is storing on the cloud is used.

U.S. watchdog backs Bezos’ protest over key Pentagon launch program

A U.S. watchdog on Monday backed a protest from Jeff Bezos’ space company that challenged the Pentagon’s military space launch procurement strategy, showing support for one of the Amazon billionaire’s disputes with major agency procurement programs.

Oil slips as lack of U.S.-China trade talk progress frays investor nerves

U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.

Carl Icahn urges U.S. SEC to ‘rethink’ proposed rule change for proxy advisers

Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing “even more difficult and expensive to practice.”

T-Mobile CEO Legere to step down next year

T-Mobile US Inc Chief Executive Officer John Legere will step down next year, the company said on Monday, less than three weeks before it goes to trial to determine the fate of its planned $26.5 billion merger with smaller rival Sprint Corp .

CBA insurance arm pleads guilty to cold-calling offences: Australia watchdog

The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country’s corporate regulator said on Tuesday.

Beyond Meat vs Zhenmeat: The battle for China’s meatless market

U.S. plant-based “meat” makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favorites such as dumplings and mooncakes to nab a share of the lucrative market.

Factbox: Who is doing what in China’s plant-based meat business

While China is no stranger to food using vegetarian ingredients to give a meat-like flavor, the buzz around Beyond Meat and Impossible Foods in the U.S. is driving a series of Chinese companies to roll out similar pea or soy-based meat products.

Lawmakers urge U.S. government to tighten export controls to China on security fears

Top Senate Democrat Chuck Schumer and Republican Senator Tom Cotton on Monday urged the U.S. government to swiftly issue rules to make it harder to export sophisticated technologies to China that Beijing can use to boost its military.

Asian shares soft as trade doubts creep back in

Asian shares started Tuesday softer as another day awaiting clearer news on the progress of U.S.-China trade negotiations weighed on jaded investors’ sentiment.

FedEx CEO challenges NYT publisher to public debate after tax story

FedEx Corp Chief Executive Frederick Smith has challenged the publisher of the New York Times & Co and the editor of the business section of the newspaper to a public debate in response to a story about the company’s tax bill.

Boeing to give Southwest board 737 MAX update this week

Boeing Co this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co , an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday.

U.S. grants Huawei new 90-day license extension

The Trump administration on Monday issued a new 90-day extension allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd as U.S. regulators continue crafting rules on telecommunications firms that pose national security risks.

California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota, Fiat Chrysler and other automakers backing U.S. President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions.

Wall Street nudges up as investors await U.S.-China trade clarity

Wall Street’s three main indexes on Monday barely extended the previous session’s closing records as investors waited for concrete progress on U.S.-China trade relations after mixed headlines.

Qantas Airways sets $1.36 billion annual spending target

Qantas Airways Ltd is targeting annual spending of about A$2 billion ($1.36 billion) and expects capacity growth to be little changed in the second half of fiscal 2020, the airline said in a presentation on Tuesday.

Lawsuit against Boeing seeks to hold board liable for 737 MAX problems

A shareholder lawsuit filed on Monday accused Boeing Co’s board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months.

Justice Department asks court to scrap decades-old ‘Paramount’ antitrust decrees

The U.S. Justice Department said on Monday it would ask a court to scrap decades-old ‘Paramount’ consent decrees enacted to protect movie theaters from powerful studios.

Lawsuit claims Burger King’s Impossible Whoppers are contaminated by meat

Burger King was sued on Monday by a vegan customer who accused the fast-food chain of contaminating its meatless “Impossible” Whoppers by cooking them on the same grills as its traditional meat burgers.

Auto parts supplier Prevent sues Volkswagen for suppressing competition

Volkswagen parts supplier Prevent Group on Monday filed a lawsuit alleging the German automaker used anticompetitive tactics to stop larger suppliers like the company from acquiring smaller rivals in the United States.

Stocks climb on Huawei extension, buoying U.S. Treasuries

Global equity markets edged higher on Monday, lifting prices of U.S. government debt, as a 90-day extension allowing U.S. companies to do business with China’s Huawei eased the latest spike in investor angst over U.S.-Sino trade tensions.

With stores burned and looted, Walmart seeks police protection in riot-hit Chile

Walmart has sought court orders for police protection in protest-wracked Chile after more than 120 of its supermarkets were looted or burned.

Amazon offers ad-supported free music streaming service

Amazon.com Inc said on Monday it has introduced an ad-supported free version of its music streaming service Amazon Music, taking on rival Spotify Technology which has nearly 140 million users for its free version.

Coty takes $600 million bet on reality star Kylie Jenner’s beauty brands

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner’s make-up and skincare businesses, as it looks to tap into the reality TV star’s huge social media reach, sending its shares up as much as 5%.

WeWork’s 2025 junk bond falls to record low

Shared-office operator WeWork’s 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%.

U.S. car safety agency head: NAFTA successor ‘big win’ for industry

The acting top U.S. auto safety official said on Monday he was confident the U.S. Congress will ratify the trade treaty intended to replace NAFTA, boosting the auto industry and enabling automakers to build safer cars at lower prices.

Airbus dominates second day of Dubai show as Boeing wins MAX order

Gulf airlines Emirates and Air Arabia spent a combined $30 billion at list prices on Airbus jetliners as the Dubai Airshow burst into life on Monday, while Boeing won a symbolic first official order for the 737 MAX since its grounding in March.

ByteDance CEO urges TikTok diversification as U.S. pressure mounts: internal note

The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to an internal staff note seen by Reuters, as it faces political pressure in the United States.

Wall Street nudge up as investors await U.S.-China trade clarity

Wall Street’s main indexes were very slightly higher on Monday after closing at records on Friday and investors digested mixed headlines on U.S.-China trade relations.

Fed’s Mester: U.S. monetary policy ‘in a good spot’

The current level of interest rates is appropriate for the U.S. economy and the Federal Reserve should now pause as it monitors how the economy evolves, Cleveland Fed President Loretta Mester said on Monday.

Boost founder says willing to pay up to $2 billion to buy brand from Sprint

Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to buy back the prepaid wireless brand from Sprint Corp , he told Reuters on Monday, a significant potential premium to what satellite TV provider Dish Network agreed to pay for Sprint’s entire prepaid wireless business.

U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae

Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a “phase one” trade deal between the United States and China is signed.

Wall Street at record levels after U.S. extends Huawei reprieve

Wall Street hovered around record levels on Monday after Washington’s move to grant an extension for U.S. companies to do business with China’s Huawei helped ease some concerns around U.S.-China trade relations.

Major FirstGroup shareholders call for U.S. asset sale

Two major FirstGroup shareholders on Monday called for the British bus and train operator to sell its U.S. assets as part of a portfolio overhaul which already includes the planned sale of North American intercity bus service Greyhound.

Trump says ‘cordial’ talk with Fed’s Powell covered negative interest rates, trade

U.S. President Donald Trump said he met with U.S. Federal Reserve Chairman Jerome Powell on Monday and discussed a wide range of topics including negative interest rates, monetary policy easing, dollar strength and U.S. trade with China and the European Union.

Emirates announces $16 billion order for 50 Airbus A350 planes

Dubai state-owned airline Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices.

Dollar slips, stocks ease on fresh doubts on trade deal

The dollar slipped and global equity markets traded little changed on Monday, halting a rally that lifted a key index to just under a new high, after a media report cast fresh doubts on reaching phase one of a U.S.-China trade deal.

Airbnb teams up with the IOC to provide Games accommodation

Short-term home rental company Airbnb Inc has joined the ranks of leading sponsors of the Olympic Games with a nine year deal to help provide accommodation for the world’s biggest sporting event and cut the cost for host cities.

Airbnb signs Olympics deal up to 2028

Airbnb has struck a deal to support the Olympic Games up to 2028, the short-term home rental company announced on Monday.

Former drug executive Shkreli’s appeal denied by U.S. Supreme Court

Former pharmaceutical executive Martin Shkreli will remain in prison after the U.S. Supreme Court on Monday rejected his effort to overturn his conviction and seven-year sentence for securities fraud and conspiracy.