Oil prices slide over worries Middle East rift will undermine output cuts Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market. Persistent gains in U.S. production also dragged […]
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Toyota Sold All Its Tesla Stock, And Plans To Ignite 2020 Games By Flying Car It's not unusual to find that Toyota Motor Corp. has been quietly steering for the future, but some of its latest moves seem to have even jaded investors feeling revved up. For starters, Toyota has […]
U.S. financial council reimagined as boon, not bane, for Wall Street The Financial Stability Oversight Council (FSOC), which brings together all U.S. financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens. President Donald Trump has […]
Chinese state media says U.S. should take some blame for cyber attack Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry "ransomware" attack that has infected more than 300,000 computers worldwide in recent days. The U.S. […]
Abercrombie & Fitch fields takeover interest U.S. teen apparel retailer company Abercrombie & Fitch Co (ANF.N) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday. Abercrombie's shares are trading at a 17-year low, making it a vulnerable acquisition […]
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 […]
Apple tops $800 billion market cap for first time Apple Inc (AAPL.O) became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. The iPhone maker's shares have gained 33 percent this year […]
Amazon trounces rivals in battle of the shopping bots Amazon trounces rivals in battle of the shopping bots:- Earlier this year, engineers at Wal-Mart Stores Inc (WMT.N) who track rivals' prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly […]
Asia stocks rise for third day on earnings, dollar stalls on Comey sacking Asian stocks edged higher for a third consecutive day on Wednesday as investors focused on strong corporate earnings and the dollar gave back some of its recent gains. U.S. President Donald Trump's abrupt dismissal of FBI Director James […]
U.S. Commerce Ross says 3 percent GDP growth not achievable this year U.S. Commerce Ross says 3 percent GDP growth not achievable this year:- The U.S. economy will fall short of the Trump administration's goal of 3 percent growth this year and will only achieve that when its regulatory, tax, trade and […]
