Stocks rise as big banks prepare for Q1 results and trade relief
Technology, banks, and industrial shares advance while investors await JPMorgan Chase Wells Fargo and PNC Financial quarterly reports. Investors gauge impact of US China trade tensions and potential reentry into Pacific talks as yields climb and bond prices fall. Bed Bath & Beyond tumbles after a weak fiscal-year forecast.
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BNY Mellon Investment Management
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BNY Mellon
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Bed, Bath & Beyond
Trump Eyes Rejoining TPP After Earlier Pullout
President Trump asked trade officials to examine the possibility of the United States rejoining the Trans-Pacific Partnership. He assigned Robert Lighthizer and Larry Kudlow to assess a potentially better deal as lawmaker pressure grows and other TPP members moved forward in Santiago without the U S.
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Feds boot Tesla from investigation in Autopilot crash
The NTSB removed Tesla as a party to the March 23 Mountain View California crash probe after the company released investigative material prematurely. Apple software engineer Walter Huang, 38, died in the Model X crash on U S 101. Tesla disputed claims of Autopilot causing the crash and said Huang failed to keep hands on the wheel.
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Volkswagen names Herbert Diess CEO and outlines six business groups
Volkswagen replaces Matthias Mueller with Herbert Diess and unveils a six group management structure plus China to speed decisions as the industry shifts to autonomous and electric mobility. The reshaping follows Mueller’s tenure through the emissions scandal recovery and signals a push toward Moia services and battery models.
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