Sky high stock market has investors looking to commodities Sky high stock market has investors looking to commodities: Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the S&P 500 .SPX 16 percent this year. It reached an all-time high on Tuesday. By contrast […]
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Online travel sites getting squeezed by Airbnb hotel chains Online travel sites getting squeezed by Airbnb hotel chains: Shares of TripAdvisor (TRIP.O) fell 23 percent on Tuesday, while shares in Priceline (PCLN.O) declined 13.5 percent. Rival Expedia Inc’s (EXPE.O) shares skidded another 2.74 percent and are down 19 percent since […]
EU to discuss tax havens blacklist after Paradise Papers leaks EU to discuss tax havens blacklist after Paradise Papers leaks: European Union states will on Tuesday bring forward a discussion on plans for a tax havens’ blacklists after newly leaked documents revealed investments by wealthy individuals and institutions around the […]
GOP tax bill gets modest changes GOP tax bill gets modest changes: House Republicans on Monday again rejected President Trump’s push to use their tax bill to repeal a critical piece of the Affordable Care Act, instead making only modest changes to their legislation as they attempt to move it […]
United weighs purchase of new Boeing 767 passenger jets United weighs purchase of new Boeing 767 passenger jets: The move would mark a reversal for Boeing Co (BA.N), which stopped making the passenger version of the jet three years ago. The aerospace company has been eyeing ways to restart production […]
Saudi Arabia detains princes ministers in anti-corruption probe Saudi Arabia detains princes ministers in anti-corruption probe: According to a senior Saudi official who declined to be identified under briefing rules, those detained include: – Prince Alwaleed bin Talal, chairman of Kingdom Holding 4280.SE – Prince Miteb bin Abdullah, minister of […]
Future Saudi king tightens grip on power with arrests including Prince Alwaleed Future Saudi king tightens grip on power with arrests including Prince Alwaleed: Prince Alwaleed, a nephew of the king and owner of investment firm Kingdom Holding 4280.SE, invests in firms such as Citigroup (C.N) and Twitter (TWTR.N). He […]
BMW recalling 1 million vehicles in North America BMW recalling 1 million vehicles in North America: One recall covers 670,000 2006-2011 U.S. 3-Series vehicles to address a wiring issue for heating and air conditioning systems that may overheat and could increase the risk of a fire. The second recall covers […]
Wells Fargo faces lawsuits over mortgage and auto loans Wells Fargo faces lawsuits over mortgage and auto loans: The lawsuits include two class action cases alleging violations of federal and state consumer fraud laws, as well as claims brought by former employees who said they were fired for raising concerns […]
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 […]
