Fed officials in muddle over permanent vs temporary inflation lull Fed officials in muddle over permanent vs temporary inflation lull: Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price […]
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Around the world, a muted launch for Apple’s iPhone 8 Around the world, a muted launch for Apple’s iPhone 8: Apple Inc’s (AAPL.O) launch of the iPhone 8 kicked off with less fanfare on Friday than new models in previous years in the United States, Asia, Australia and Britain, as […]
Trump Republicans to showcase tax cut for businesses Trump Republicans to showcase tax cut for businesses: U.S. President Donald Trump and top Republicans in Congress are about to show how aggressively they intend to cut the corporate tax rate, while trying to avoid the appearance of favoring the wealthy. The […]
Apple’s iPhone 8 sees muted launch in Asia Apple’s iPhone 8 sees muted launch in Asia: Apple Inc’s (AAPL.O) launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debuts, as fans held out for the premium iPhone X due out in early November. Hundreds of […]
Daimler joins rush to add more North American auto plants Daimler joins rush to add more North American auto plants: U.S. automakers are facing mounting pressure amid slowing demand in the country, as automakers from Asia and Europe aggressively ramp up vehicle production in North America, including a new investment by […]
Chevron CEO Watson to step down, Wirth likely successor Chevron CEO Watson to step down, Wirth likely successor: Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters […]
Oil prices fall two percent after end-of-week rally Oil prices fall two percent after end-of-week rally: Oil prices fell nearly 2 percent ahead of monthly contract expiration on Monday, pulling back from last week’s rally built on signs the global market is starting to rebalance from chronic oversupply. Brent crude […]
Stability concerns focus d of Yellen speech Stability concerns focus at Fed ahead of Yellen speech: The stock market’s steady rise, still low long-term bond yields and a sagging doat Fed aheallar are girding the Fed’s intent to raise interest rates again this year despite concerns about weak inflation, according […]
Chevron drops appeal over landmark Australian tax ruling Chevron drops appeal over landmark Australian tax ruling: Chevron Corp (CVX.N) has withdrawn an appeal to Australia’s High Court over a disputed A$340 million ($268 million) tax bill, leaving in place a landmark court ruling on related-party loans that could affect other […]
Fed, split by inflation, should forge on with rate hikes Fed, split by inflation, should forge on with rate hikes: A Federal Reserve policymaker on Wednesday staked out the hawkish argument for carrying on with U.S. interest rate hikes even while weak recent inflation readings have split opinions among her […]
