The United States won approval on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.
Delta Air Lines Inc warned on Wednesday that new U.S. tariffs on Airbus planes "will inflict serious harm on U.S. airlines" and shrink the company's profits.
Wall Street's main indexes were on track for their sharpest one-day declines in nearly six weeks on Wednesday after a report on private sector hiring suggested that fallout from the U.S.-China trade war is contaminating the U.S. economy.
The U.S. Federal Aviation Administration said on Wednesday that aircraft operators must inspect 165 Boeing 737 NG airplanes for structural cracks within seven days after the issue was found on a small number of planes.
Oil prices fell more than 2% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.
U.S. Secretary of State Mike Pompeo said on Wednesday that retaliatory U.S. tariffs following the World Trade Organization ruling over European illegal subsidies for planemaker Airbus could include cheese and wine.
Florida has signed on to a consent agreement that the Justice Department reached with Sprint Corp and T-Mobile US Inc to allow the companies to merge, according to a court filing on Wednesday.
The United States' top trade body is likely to release a list of European goods subject to new tariffs Wednesday afternoon, after the World Trade Organization's landmark ruling on illegal aircraft subsidies, industry sources said.
Analysts on Wednesday trimmed their profit estimates for Exxon Mobil Corp after the largest publicly traded oil producer pointed to weaker third-quarter results in a regulatory filing due to weaker oil prices and chemicals margins.
The U.S. National Highway Traffic Safety Administration (NHTSA) said Wednesday it is aware of reports of minor crashes involving Tesla Inc's Smart Summon feature that allows people to retrieve a parked vehicle remotely by using an app.
