U.S. futures rise, Ford’s stock drops, and other topics trending on Jan.13
Автор: SprinkleBit
Загружено: 2020-01-13
Просмотров: 13
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Stock futures were higher Monday as Wall Street awaits details of the U.S.-China phase one trade agreement expected to be signed Wednesday and prepare for the start of fourth-quarter earnings season.
Treasury Secretary Steven Mnuchin told Fox News that details of the trade pact would be made public when the two sides put their signatures on the accord at a White House ceremony.
Ford's sales in China declined for the third straight year, falling 26.1%, and the automaker said sales pressure will continue into 2020.
Sales in China for Ford dropped 37% in 2018, following a 6% decline in 2017. The company sold 567,854 vehicles during 2019 in China, its second-biggest market.
Boeing faces a $5.4 million penalty for installing faulty parts on 178 of its 737 MAX aircraft, according to the Federal Aviation Administration.
Separately, ousted Boeing CEO Boeing Dennis Muilenburg will leave the aerospace giant and planemaker with $62 million in compensation and pension benefits.
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