Friday, January 17, 2020

 


Canadian Press
For major shippers, 2019 ended on a sour note

For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated as 2019 came to a close.

Global shipping and logistics provider Expeditors International said Friday that it expects fourth quarter operating income to fall between $177 million and $183 million.

CEO Jeffrey Musser cited trade disputes and slowing growth for a number of economies. The report comes a day after the railroad CSX reported a 7% decline in the freight it hauled during the final mon (full story)

 
Early gains on Wall Street add to strong start to the year
Stocks are opening slightly higher on Wall Street, building on the big gains from a day earlier that sent major indexes to their latest record highs. Technology companies and banks led the way higher Friday. Google parent company (full story)
US industrial production fell 0.3% in December
WASHINGTON — U.S. industrial production fell 0.3% in December, as unseasonably warm weather reduced demand for heating from utilities. (full story)
US agency examining Tesla unintended acceleration complaint
DETROIT — The U.S. government's auto safety agency is looking into allegations that all three of Tesla's electric vehicles can suddenly accelerate on their own. (full story)

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Associated Press
US agency examining Tesla unintended acceleration complaint

DETROIT (AP) — The U.S. government's auto safety agency is looking into allegations that all three of Tesla's electric vehicles can suddenly accelerate on their own.

An unidentified person petitioned the National Highway Traffic Safety Administration asking for an investigation into the problem. An agency document outlining the allegations shows 127 owner complaints to the government that include 110 crashes and 52 injuries.

The agency says the allegations include about 500,000 Tesla Model 3, Model S and (full story)

 
Early gains on Wall Street add to strong start to the year
Stocks are opening slightly higher on Wall Street, building on the big gains from a day earlier that sent major indexes to their latest record highs. Technology companies and banks led the way higher Friday. Google parent company (full story)
US industrial production fell 0.3% in December
WASHINGTON (AP) — U.S. industrial production fell 0.3% in December, as unseasonably warm weather reduced demand for heating from utilities. (full story)
US housing construction jumps 16.9% in December
WASHINGTON (AP) — Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates and a strong labor market helped lift the prospects of the housing industry. (full story)

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