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Saudi Arabia’s PIF slashes exposure to Tesla: FT

A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has slashed its exposure to Tesla Inc, the Financial Times reported on Monday, citing people with direct knowledge of the matter, sending the electric car maker’s shares down…

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Shutdown costs pegged at $3 billion as government reopens

WASHINGTON (Reuters) – The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President Donald Trump’s demand for border wall funding, congressional researchers said on Monday as 800,000 federal employees returned to work after a 35-day unpaid furlough. The nonpartisan Congressional Budget Office (CBO) said the…

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Boeing wins $2.46 billion U.S. defense contract: Pentagon

FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo WASHINGTON (Reuters) – The Boeing Cowon a $2.46 billion U.S. defense contract for the production and delivery of 19 P-8A Poseidon…

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Canada union calls for boycott of GM Mexico-made vehicles

TORONTO (Reuters) – The union representing autoworkers at General Motors’ Oshawa, Ontario plant called on Canadian and U.S. consumers on Friday to stop buying GM cars made in Mexico, the latest tactic in its campaign to get the automaker back to the bargaining table. The General Motors assembly plant in Oshawa, Ontario,…

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Consumer confidence in focus as shutdown fears fade

NEW YORK (Reuters) – U.S. fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the U.S. economy is slowing even though government leaders had reached agreement to end the longest shutdown ever. Traders work on the floor of the New York Stock Exchange…

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