Finance

USA close: Stocks record small gains following Fed announcement

He forecast only moderate growth in the next two calendar years, and a majority of Fed members expecting that interest rates will remain unchanged until at leas...


Saudi Aramco starts trading after record $25.6 billion IPO

Demand during the bookbuilding period for Aramco's IPO reached £80 billion, with most of that generated by Saudi investment. In that historic IPO, the Saudi g...


Chevy's 2021 Tahoe and Suburban add OTA updates and big screens

The automaker notes that the rides are the best-selling full-size SUVs in the industry. GM's vice president, Tim Herrick, of global product programs, that gro...


ADB Trims India's GDP Growth Forecast To 5.1% In Current Fiscal

The Reserve Bank of India (RBI) in its monetary policy announcement last week revised its FY2019-20 outlook to 5 per cent from 6.1 per cent. In India, a credi...


Away CEO Steph Korey stepping down amid criticism of 'toxic' culture

The news comes after days of public backlash due to leaked documents showing Korey routinely intimidated employees on public Slack channels. Haselden is the l...


Employees of a Baltimore based company get bonus of a lifetime

John Properties broke all records. The lucky workers were not expecting the gift from founder-chairman Edward St John, 81, as they had celebrated on Saturday...


France unveils new pension plan but crippling strikes set to continue

The new pension system will only apply to people born after 1975. "The time has come to build a universal pension system", Philippe said."There is no hidden...


Paul Volcker, the man who tamed the Fed, dies at 92

Having served under four different presidential administrations, Volcker's long career in government included posts in the Department of Treasury, the Federal ...


China November exports unexpectedly fall, but imports rebound

The Dow Jones Industrial Average fell 47.52 points to 27,862.08 while the S&P 500 eased 3.07 points to 3,132.89 and the Nasdaq Composite Index slid 1.41 points ...


Amazon Blames Trump for Losing $10B Contract

The Pentagon's chief information officer Dana Deasy in August said the DoD would not rush to a decision regarding the JEDI contract, which was only between M...


Chinese state offices, public institutions to soon remove all foreign tech

The US has also blacklisted other Chinese technology firms implicated in human rights abuses of Muslim minorities in China's Xinjiang region. They added the sub...


Saudi Aramco's IPO proceeds soar to nearly US$30 bil

Aramco priced its IPO at 32 riyals per share, the top of its indicative range, the company said in a statement, raising US$25.6 billion (S$34.8 billion) and bea...


Chinese government to replace foreign hardware and software within three years

The directive is likely to be a blow to U.S. multinational companies like HP, Dell and Microsoft. The directive comes after the Trump administration recently ba...


AOC criticized for tweet slamming Amazon's NYC plans

The Journal also reported Friday that Facebook is in talks to lease more space in Manhattan, not far from Amazon's new offices. Less than a year after ...


Saudi Aramco Expected to Beat Apple as 'Most Valuable Company'

Would you buy Saudi Aramco stock? While the responses give an indication of institutional demand, they provide just a small window into global appetite as t...


How major USA stock indexes fared Friday

All three major USA stock indexes gained ground, hovering within 1% of record highs set last week. Around 8:30 a.m. ET, Dow Jones Industrial Average futures...


Truck tailgates may open unexpectedly

Ford pickup trucks with a mechanical tailgate release handle are not affected. In affected vehicles with an electric tailgate latch-release switch mounted in ...


KFC's fried chicken scented firelog available at Walmart.com, while supplies last

You're surrounded by loved ones, and the delicious smell of Colonel Sanders ' fried chicken is wafting through the house. So now, they're bringing it back excl...


Without Bullish Surprise, US Stocks Set to Finish Week Lower

The lack of fresh trade news may have kept a lid on prices, while strong US economic data may have underpinned the market. Apple rose 1.5%. The sector has much ...


Musk's 'pedo guy' tweet humiliated me, caver tells United States court

Unsworth at the time said Musk's offer was nothing but a PR stunt - a claim he maintained during the trial - and had suggested he " stick his submarine wher...


No discussion yet on China tariffs

Woodward told hosts Eugene Puryear and Sean Blackmon that "at least as far as the electorate is concerned", Trump has found that "being tough on China plays...


Rate pause shifts sop onus on government

The six-member Monetary Policy Committee headed by Governor Shaktikanta Das chose to wait and see how the five rate cuts already delivered this year pan out b...


Trump stuns Wall Street, foreign capitals with new trade fights

The Trump administration has threatened to impose tariffs on more Chinese imports starting that day. "I like the idea of waiting until after the election for ...


Elon Musk: By ‘pedo guy’, I just meant diver was creepy

Unsworth. Vernon Unsworth is suing the Tesla founder for defamation. When Wood asked if Musk was worth about $20 billion, Musk said, "I think my SpaceX ...


Alberta unemployment increased in November, according to StatsCan

Despite November's strong showing, the US economy remains in a larger downward trend of slowing job growth. Mining employment is down by 19,000 jobs since May...


Uber's first safety review contains thousands of sexual assault reports

During the two-year-span, eight riders were killed, seven were drivers using the Uber app and four were third parties - likely bystanders, the data showed. The ...


OPEC nears deal to reduce output target

His remarks did not affect oil prices significantly however, because markets considered it "more of a housekeeping move that will narrow the gap between (produc...


Elon Musk Defends His ‘Pedo Guy’ Tweet During Trial

Previous year in June, the 12-membered junior soccer team entered the Tham Luang cave along with their coach but got trapped due to monsoon flooding. Musk, mean...


Huawei Challenges US Restrictions (Again)

Glen Nager, Huawei's outside counsel, argued that the Huawei/ZTE ban "exceeds the FCC's statutory authority" because "nothing in the Universal Service provi...


Canadian economy resilient despite global uncertainty

Stephen Poloz, governor of the central bank, made the announcement Wednesday morning, leaving the rate unchanged for the ninth meeting in a row. The central b...


Ford to use McDonald’s coffee waste to make headlights and other parts

Auto manufacturer Ford has one unique idea which will see them recycle old coffee waste from McDonald's (which I can only imagine works out to a lot ) into v...


RBI Keeps Rates on Hold Despite Economy Fears

The fact that the Reserve Bank of India (RBI) surprised market participants and left interest rates unchanged provided a goodish lift to the Indian rupee. Imp...


US Stock Market Overview - Stocks Slide on US-China Trade Concerns

Negotiators have continued to work on the trade deal. The two sides, according to the Bloomberg report , are still in talks over the number of tariffs that...


Oil prices rise as Saudi Arabia pushes for further supply cuts

Brent for February settlement gained 22 cents, or 0.4 percent, to $61.14 a barrel on the London-based ICE Futures Europe Exchange. Saudi Arabia is pushing the...


Brazil's Bolsonaro asks Trump to be more understanding on tariffs

The World Trade Organisation formally authorised the USA on Monday (14 October) to impose tariffs on up to $7.5 billion worth of European Union exports after an...


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