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{{ad('main')}} Here is what you need to know. Brexit could get delayed. Members of UK Parliament on Thursday voted to delay the UK's departure from the European Union by at least three months. The other 27 European Union member states must agree to an extension. Tesla unveils its Model Y SUV. Tesla says the sport-utility crossover SUV starts at $47,000 and will have a range of 300 miles a charge and the ability to accelerate from zero to 60 mph in 3.5 seconds. Boeing pauses 737 Max deliveries. "We continue to build 737 Max airplanes while assessing how the situation, including potential capacity constraints, will impact our production system," a Boeing spokesman, Chaz Bickers, said, according to Reuters. Uber is getting its IPO plans in order. The ride-hailing giant is planning to hold its initial public offering in April — just one month behind its rival Lyft's anticipated debut on the public markets, Reuters says. There are signs iPhone sales are stabilizing in China. "After losing share in 4Q18, iPhone installed base shows market share recovering after price cuts in early 2019," the Morgan Stanley analyst Katy Huberty wrote. "Combined with stabilizing iPhone supply chain data points, we now see an upward bias to our iPhone estimates in the March quarter." Volkswagen's CEO apologizes for Holocaust reference. Volkswagen CEO Herbert Diess apologized for saying "Ebit macht frei" at an internal event on Tuesday — the phrase echoed "Arbeit macht frei," or "Work sets you free," the expression inscribed on the gates of the Auschwitz concentration camp. Ebit was a reference to the accounting term earnings before interest and taxes. Ulta beats across the board. The beauty-supply retailer reported earnings, revenue, and same-store sales that topped Wall Street estimates. Goldman Sachs is cutting about 5% of its sales and trading staff. The layoffs affect employees who deal with clients trading stocks, bonds, and currencies, a person with knowledge of the matter told Business Insider. Stock markets are the world were higher. China's Shanghai Composite (+1.04%) was out front in Asia, and Britain's FTSE (+0.53%) paced the advance in Europe. The S&P 500 was set to open up 0.24% near 2,815. US economic data is heavy. Empire Manufacturing will be released at 8:30 a.m. ET before industrial production and capacity utilization cross the wires at 9:15 a.m. ET. Then, at 10 a.m. ET, Jolts Job Openings and University of Michigan consumer confidence are due out. Data concludes with TIC flows at 4 p.m. ET. The US 10-year yield was little changed near 2.63%. |
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