Finance

US Consumer Confidence Drops in October

The Conference Board's consumer confidence index slipped to 125.9 this month from a September reading of 126.3. The index was previously reported at 125.1 in ...


Trump struggling to achieve economic growth White House projected

Business investment fell at a 3.0 percent rate in the third quarter, the sharpest contraction in more than three and a half years, after falling at a 1.0 percen...


PSA Peugeot-Citroën Approves FCA Merger, FCA Decides Tonight

As reported by Bloomberg, the talks come several months after Fiat Chrysler and PSA, led by CEO Carlos Tavares, explored a partnership on pooling investment t...


Bank of Canada holds key interest rate at 1.75%

The rate hold was expected, but not a given. The end result would be a drop in the midpoint of the Fed funds rate, now at 1.88%, to below Canadian rates for t...


Hundreds of more jobs will be cut at Ford in Oakville

Oakville also produces the Ford Edge and Lincoln Nautilus . A spokesperson said in an email that the company is putting its "focus on products in the heart...


Molson Coors changes name, cutting up to 500 jobs

Starting in January, the company will also change its name from Molson Coors Brewing Co.to Molson Coors Beverage Company. This move will save Molson Coors aro...


Fed officials cut interest rates for third time

The Fed has now lowered its benchmark rate at each of the last three meetings, essentially to offset the adverse effects of the U.S. "On balance, we still ant...


Alphabet's third-quarter profit misses estimates

Visit Business Insider's homepage for more stories . As a result, analysts say Alphabet shares have underperformed relative to rivals, rising 17% in the las...


Amazon drops monthly fee to boost grocery delivery sales

Amazon has fat profits from its Web Services business and has demonstrated a willingness to lose money on initiatives aimed at driving more customers to its spr...


UK's opposition Labour party agrees to December election

The election bill will now go to the unelected upper House of Lords for debate on Wednesday, but peers are expected to back the plan, paving the way for parliam...


Fiat Chrysler, Peugeot owner PSA in talks to combine

The paper cited unnamed sources familiar with the matter. Tavares said earlier this year that Peugeot would be returning the US, which the brand exited in 199...


OPEC+ will factor in weak USA output at December meeting: Russian Federation

The losses were compounded by the disclosure from Genscape that after building for three consecutive weeks, crude stockpiles at the Cushing, Oklahoma , deliv...


Virgin Galactic takes off in NYSE debut

Virgin Galactic was founded in 2004 by British billionaire Sir Richard Branson to fly passengers on suborbital trips to space (they don't orbit the Earth) a h...


Pentagon picks Microsoft over Amazon for $10 bn tech contract

Now begins the long journey of building out the technology and infrastructure to support the services that are required of the JEDI contract. And specifical...


Popeyes chicken sandwich is back; Here’s when, how to grab ‘the Sandwich’

Popeyes' highly anticipated (and ridiculed and sexy ) chicken sandwich , which sold out just two weeks after its debut, is officially returning to store...


Luxury goods group LVMH in $14.5bn Tiffany takeover talks

Still, Tiffany's US sales have been stagnating as China's slowing economy has weighed on spending by Chinese tourists , who make up a substantial portion of lu...


Pakistan will be among top places for investment before 2020’s end: PM

The report , which analysed 294 regulatory reforms implemented between May 2018 and May 2019, found that over 115 countries improved on their ease of busines...


Tesla's Q3 Results Soar High, the Company Returns to Profitability

But Tesla has yet to prove that it can be consistently profitable while managing the start of production for Model 3 sedans at its new factory in Shanghai a...


Best Buy Touts Free Next-Day Delivery For Holidays

In a news release, company officials note that "no membership or minimum purchase" is required for the latter deal - a not-so-subtle shot across the bow at Amaz...


Cabinet approves BSNL-MTNL merger, employees to get VRS package offer

The government has planned to offer an "attractive" VRS package for the employees of both the companies. In an effort to revive the beleaguered state-owned te...


Facebook Could Use Fiat-Pegged Stablecoins for Libra

On Sunday, it said that this initiative can now be used for the cryptocurrencies which all are based on the national currencies which include dollar. Wrapping...


Caterpillar's stock sinks after profit and revenue miss, lowered outlook

Independence Bank of Kentucky now owns 2,193 shares of the industrial products company's stock worth $277,000 after purchasing an additional 293 shares during t...


Air New Zealand Drops Los Angeles To London Fifth Freedom Flight

The planes are equipped with 275 seats and have a higher proportion of Business Premier and Premium Economy seats. The return trip leaves NY at 7:05 pm to arr...


Hong Kong formally scraps extradition bill that sparked protests

But Beijing had prepared all kinds of contingency plans for different scenarios in Hong Kong , including Lam's administration losing total control of the situa...


Google has achieved breakthrough in quantum computing

Google's scientists ran the experiment repeatedly, incorporating a new qubit until the supercomputer simulating the quantum computer couldn't keep up, acco...


WeWork board weighs up $10bn rescue plan from Japan's SoftBank

Marcelo Claure , the SoftBank executive who has been named executive chairman of the office space provider, addressed WeWork staff on Wednesday, telling them...


Infosys shares may slip on Tuesday, say analysts

The whistleblowers added that they had emails and voice recording to prove their allegations. In response, Infosys in a statement on Monday said the complai...


Hong Kong government withdraws unpopular bill

Taiwan's Ministry of Justice also stressed that it had repeatedly prodded Hong Kong authorities not to give up its judicial jurisdiction, keep Chan behind bar...


Nike CEO who oversaw controversial Kaepernick ad campaign is stepping down

While Nike positioned Donahoe's appointment as a natural move for the company as it steps up its digital-focused efforts, some insiders speculated that controve...


People rejected Abhijit Banerjee's Left-leaning ideology: Piyush Goyal

You all know that his thinking is totally Left-leaning". "Those people whose second wives are foreigners are mostly getting the Nobel prize". Banerjee gave an i...


Qantas Seeks Edge Over Singapore Air with World's Longest Long-haul Flight

The plane took off from New York's JFK airport and took 19 hours and 16 minutes to finish the 16,200-kilometer journey. The data will be used to study healt...


Pork, turkey products sold at Walmart recalled due to salmonella concerns

Here's what you need to know. The sausage was produced on April 19, 2019, April 27, 2019, May 7, 2019 and May 9, 2019. However, these products are sold under ...


Commons speaker facing calls to allow Brexit 'meaningful vote'

Slack also said negotiations with Northern Ireland's Democratic Unionist Party, which the government still considers to be its partner in Parliament, are ongoin...


Toyota to preview production-ready, ultra-compact BEV at Tokyo Motor Show

Intended as a mobility option for short-distance travel, the Ultra-compact BEV two-seater vehicle is aimed at sectors including business people visiting local c...


Facebook's Libra cryptocurrency should be prevented - German finance minister

On Oct. 17, Cointelegraph auf Deutsch revealed that out of 2000 addressed Germans, matured 16 and over, just 27 percent could ever consider utilizing Facebook'...