U.S. talks tough on trade deficit as NAFTA discussions begin U.S. talks tough on trade deficit as NAFTA discussions begin: The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing trade deficits with Mexico and Canada and […]
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Americans’ debt level notches a new record high Americans’ debt level notches a new record high: Americans’ debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, […]
Oil prices dip on weak Chinese refining activity Oil prices dip on weak Chinese refining activity: Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, […]
Audits show lax oversight by Wisconsin agency counting Foxconn jobs Audits show lax oversight by Wisconsin agency counting Foxconn jobs: The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to […]
North Korea talk drags stocks lower; gold, yen rise North Korea talk drags stocks lower; gold, yen rise: Stocks around the world fell sharply on Thursday and investors moved into the yen, gold and other safe-haven assets amid more aggressive talk between the United States and North Korea. The S&P […]
Hedge fund Pine River loses $2 billion in 12 months to July Hedge fund Pine River loses $2 billion in 12 months to July: Hedge fund firm Pine River Capital Management’s flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data […]
As short sellers target Chinese companies in Hong Kong, hostility mounts As short sellers target Chinese companies in Hong Kong, hostility mounts: Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who […]
Amazon shadow looms large ahead of retail earnings Amazon shadow looms large ahead of retail earnings: As old and new Amazon.com (AMZN.O) competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer. So far this quarter, […]
Asia stocks edge higher, dollar languishes on U.S. politics, mixed data Asia stocks edge higher, dollar languishes on U.S. politics, mixed data: Asian stocks inched up on Friday after a technology-led drop on Wall Street, while U.S. Treasury yields and the dollar were pressured by news Special Counsel Robert Mueller […]
Oil dips on high OPEC supplies, defying falling U.S. crude stocks Oil dips on high OPEC supplies, defying falling U.S. crude stocks: Oil dipped on Thursday as a rally that has pushed up prices by almost 10 percent since early last week lost momentum despite renewed signs of a gradually […]
