Markets
U.S. manufacturing sector's activity continues to expand in December
IHS Markit and CIPS's composite United Kingdom purchasing managers index ( PMI ), which reflects output across the private sector, came in at 48.5. The services index rose to a four-month high of 52.4 from 51.9 while the manufacturing index dipped to 50.3 from 51.7 in November, hitting a three-month low. [Full Article...]
Intel acquires Habana Labs for $2 billion
Havana, which previously raised $ 75 million in venture capital last November, will remain an independent business unit after the purchase and will continue to be led by its current management team, and will inform the Intel data platform group. [Full Article...]
Lyft announces the new auto rental service & # 39; Lyft Rentals & # 39
The company offers up to $20 in credit to cover the cost of picking up and dropping off the rental from the pickup lot. Choose free add-ons like ski racks, vehicle seats, and tire chains. People as young as 22 will be able to rent, as opposed to the industry standard of 25. For Lyft, the rental service gives it an additional and seemingly appealing product offering that further differentiates it ... [Full Article...]
Five teens held over man's death in Hong Kong protests
The Committee to Protect Journalists (CPJ) said in a report on Monday that press freedom in Hong Kong has come under an accelerating squeeze despite China's pledges to maintain an open society. Tensions flared in one mall after police arrested about eight protesters. Hong Kong media have speculated that Lam's talks with Xi could yield fresh directives on the city's political crisis, including a ... [Full Article...]
Train chaos in Maidenhead on day of new timetable introduction
GWR had promised that its biggest timetable change since 1976 would bring "faster, more frequent services with thousands more seats across the region". For those travelling further afield journey times the changes will see some services cut, those some frequencies will also be increased and new routes added across the country following infrastructure investment and upgraded carriages. [Full Article...]
Asian shares jump on 'phase one' Sino-US trade deal
US Trade Representative Robert Lighthizer said on Sunday a deal was "totally done", notwithstanding some needed revisions, and would almost double US exports to China over the next two years. The details are a little sketchy, but it looks as if China agreed to billions of dollars in agricultural purchases from the U.S., while U.S. President Trump vowed to not pursue a new round of tariffs that... [Full Article...]
Saudi Aramco shares up 1.6% in third consecutive day of gains
Aramco stocks attained 38.7 riyals, roughly $10. "This rally is unlikely to be sustained", Capital Economics said in a comment on Thursday. Analysts at Bernstein last week put its value at $1.36trn, citing corporate governance concerns due to the fact that the government owns 98.5pc of the firm. [Full Article...]
Boeing considers cutting production of 737 Max
Boeing management increasingly sees pausing production as the most viable option. Boeing's top-selling model is on shaky ground with consumers, according to a survey this month of 2,135 Americans by BofA Securities. The report came just days after a senior FAA official told legislators that Boeing is pushing for an unrealistically quick return of the Max and that there is a perception the comp... [Full Article...]