Shunned from bond market, U.S. Virgin Islands faces cash crisis For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. Pipes underneath the emergency room collapsed in May, causing waste water to back up through the drains. Now workers and visitors – even patients […]
Business News USA
Venezuelan oil supply to Phillips 66 falls amid quality issues Venezuelan oil supply to Phillips 66 falls amid quality issues:-Â Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at […]
News Corp quarterly revenue beats on higher ad revenue News Corp (NWSA.O) reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its digital real estate business and growth in its advertising revenue. Shares of the company, controlled by […]
Old guard retail back in the cross hairs A glance at the U.S. stock market's main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers. After all, the $1.16 trillion S&P 500 retail index .SPXRT has climbed […]
Fed Williams pushes new approach to U.S. inflation goal One of the Federal Reserve's experts on navigating a world of low inflation and economic growth said on Friday the U.S. central bank should seriously consider ditching its old policy framework for a new approach to hitting its price-level goal. In […]
Paul Singer Elliott Management raises $5 billion in 24 hours letter Paul Singer's hedge fund firm Elliott Management Corp raised more than $5 billion in about 24 hours this week, citing a major potential investment opportunity at a time when Singer said financial markets could face a disruption after being […]
GE CEO warns against U.S. protectionism, wants level playing field General Electric Co Chief Executive Jeff Immelt warned the Trump administration on Thursday to avoid protectionist policies while calling on it to level the playing field for American companies with tax reform, revived export financing and improved trade agreements. In […]
Delta apologizes for forcing family off flight Delta Air Lines apologized on Thursday after a couple said they were kicked off an overbooked flight with their two toddlers so their seats could be given to waiting passengers, the latest U.S. airline to apologize over incidents on board their flights. Delta […]
Goldman Blankfein says London could stall due to Brexit BBC London's progress as a financial center could stall because of the upheaval Brexit will bring to the industry, Goldman Sachs (GS.N) Chief Executive Officer Lloyd Blankfein was quoted as saying by the BBC. When asked whether London's long-term expansion over […]
Fed holds interest rates steady, downplays economic weakness The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish […]
