Investing.com -- Finding winners in a trade war is challenging as economic activity may take a hit, inflation could get a new lease of life and China-sensitive sectors like IT hardware come under pressure, but it isn't all doom and gloom, Morgan Stanley (NYSE:MS) says pointing to possible tailwinds to US industrials and metals as sectors that are best equipped to navigate a trade war storm. Ove ...
(Reuters) -A federal judge on Friday declined to block Elon Musk's government cost-cutting department from accessing the U.S. Department of Labor's systems, an initial setback for the government employee unions resisting his efforts to shrink the federal bureaucracy. The temporary ruling by U.S. District Judge John Bates in Washington, D.C., is the first step in a lawsuit against the Labor Depar ...
SEATTLE (Reuters) - Boeing (NYSE:BA) warned on Saturday of layoffs in its Space Launch System moon rocket program, saying it expects to have about 400 fewer positions in line with revisions to NASA's Artemis program and cost expectations. The Seattle-based aerospace manufacturer said it will issue 60-day notices of involuntary layoffs to the affected employees in the coming weeks. "We are workin ...
By Patricia Zengerle (Reuters) - U.S. President Donald Trump's administration announced on Friday that it had approved military sales to Israel worth some $7.4 billion, despite a Democratic lawmakers' request that the sale be paused until he received more information. The Department of Defense announced that the State Department had approved a package for Israel worth an estimated $6.75 billion t ...