Powell for Federal Reserve chair could support stocks bull market Powell for Federal Reserve chair could support stocks bull market: President Donald Trump’s expected nomination on Thursday of Federal Reserve Board Governor Jerome Powell to be the next chair of the U.S. central bank likely will provide investors with some […]
Trump taps Fed centrist Powell to lead U.S. central bank Trump taps Fed centrist Powell to lead U.S. central bank: President Donald Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank, breaking with precedent by denying Janet Yellen a second term but signaling […]
U.S. and AT&T discuss conditions for approval of Time Warner deal U.S. and AT&T discuss conditions for approval of Time Warner deal: The $85.4 billion deal, unveiled in October 2016, is opposed by an array of consumer groups and competitors on the grounds that it would give the wireless company […]
Oil edges up to near two year highs as market tightens Oil edges up to near two year highs as market tightens: Brent crude LCOc1 settled up 13 cents, or 0.2 percent, at $60.62 per barrel. The benchmark hit $61.70 on Wednesday, its highest intraday level since July 2015. The […]
Venezuela to restructure foreign debt default looms as possibility Venezuela to restructure foreign debt default looms as possibility: President Nicolas Maduro vowed to make a $1.1 billion payment on a bond maturing on Thursday, but also created a commission to study “restructuring of all future payments” in order to meet […]
Bitcoin rockets above $7000 for the first time Bitcoin rockets above $7000 for the first time: Bitcoin has seen eye-watering gains in recent months, having more than doubled in value in the past seven weeks alone. It is on track for a fifth consecutive quarter of increases a run not […]
Singapore police examine Goldmans role in 1MDB deals Singapore police examine Goldmans role in 1MDB deals: Singaporean prosecutors and police are looking at Goldman Sachs Group’s (GS.N) relationship with the scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter. Singapore’s economic crime unit and city […]
Apple market value We may need a bigger chart Apple market value We may need a bigger chart: Apple Inc (AAPL.O) Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were “off the charts,” but it might be […]
Ackman makes new bet against Herbalife with options Ackman makes new bet against Herbalife with options: The activist investor took a $1 billion bet in 2012 that Herbalife’s shares would fall by selling loaned shares which he hoped to buy back cheaper at a later date. Herbalife’s shares have instead […]
Trucks SUVs drive U.S. October new vehicle sales Trucks SUVs drive U.S. October new vehicle sales: Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America’s love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger […]
