Economy

Oil holds gain near $69 amid declining USA crude inventories

Oil holds gain near $69 amid declining USA crude inventories

Iran's oil flows are expected to fall in the coming months as the second round of USA sanctions, which target the oil sector, resume in early November. petroleum products does represent a step cha...

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Tesla take-private skepticism grows after Elon Musk's funding claim

Tesla take-private skepticism grows after Elon Musk's funding claim

Tesla stock opened at $369.09 on Wednesday, sliding almost 3 percent from its Tuesday closing price of $379.57. On Tuesday, Musk revealed on Twitter that he was considering privatizing the compan...

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Trump says tariffs working far better than anticipated

Trump says tariffs working far better than anticipated

China retaliated in kind. 08/06/2018China announced a list of $60 billion worth of USA imports it plans to apply tariffs on should the Trump administration follow through with its latest trade ...

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China's July exports rise more than expected despite USA tariffs

The Trump administration has accused China of unfair trade practices, and President Donald Trump has long vowed to bring down the United States' trade deficit in goods with Beijing . The escalati...

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Dead fetus found on commercial plane landed in NY from Charlotte

Dead fetus found on commercial plane landed in NY from Charlotte

Tuesday. Port Authority police officers surrounded the jet on the tarmac Tuesday after the plane was removed from the hangar, according to photos from the scene. 'We have no major impact to our oper...

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Oil rallies on expectation inventories will drop

Oil rallies on expectation inventories will drop

U.S. West Texas Intermediate ( WTI) crude futures were at $68.70 per barrel at 0847 GMT, down 26 cents from their last settlement. The American Petroleum Institute (API) recently noted that crude oi...

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White House ups ante, looks at 25% tax on Chinese goods

White House ups ante, looks at 25% tax on Chinese goods

But Trump's tariffs have drawn criticism at home in the United States for driving up costs for consumers and companies that rely on Chinese imports. "Unilateral threats and pressure will only produc...

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Tax Free Weekend in Missouri Set for August 3-5

Tax Free Weekend in Missouri Set for August 3-5

The tax holiday will last until 11:59 p.m. on Sunday, Aug. 5. The weekend offers tax exemptions for clothing , accessories, handbags, shoes, bath towels, blankets, bedspreads, school supplies , bo...

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Chipotle slumps after illness complaints linked to OH outlet

Chipotle slumps after illness complaints linked to OH outlet

The local health department told Business Insider that it had received 518 calls and emails related to the possible illness outbreak . A logo of Chipotle Mexican Grill is seen on one of their...

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Apple is about to become the world's first trillion dollar company

Apple is about to become the world's first trillion dollar company

Adjusting for four stock splits over the years, Apple debuted on the stock market for the equivalent of 39 cents a share on Dec 12, 1980, compared to Thursday's high of US$207.05. The state-controlled...

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Facebook stock dives almost 20% on warning of slow revenue growth

Facebook stock dives almost 20% on warning of slow revenue growth

Facebook (NASDAQ:FB)'s European user base declined by 1 million users and as mentioned above, growth remained static in the USA and Canada. In a sign of just how bullish investor expectations were,...

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European Union gears up for revenge tariffs on $20B of U.S. goods

European Union gears up for revenge tariffs on $20B of U.S. goods

Trump said he expected "something very positive to take place" during the White House talks - after sending a series of tweets blasting Europe for unfair treatment of USA exports. President Donald Tru...

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Trump, Juncker announce deal pulling back from US-EU trade war

Trump, Juncker announce deal pulling back from US-EU trade war

They also agreed to increase trade in services and agriculture, including greater U.S. soy bean exports to the EU. The newly-introduced tariffs had a particular impact on the EU-produced steel and alu...

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Trump planning emergency aid to farmers affected by tariffs

Trump planning emergency aid to farmers affected by tariffs

Mr Trump has said his tariffs - which he described in a Tweet as "the greatest" - are meant to pressure countries to change their policies toward U.S. The administration has also engaged in hardlin...

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Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing

Michigan Lottery: $433 million jackpot for Friday's Mega Millions drawing

The Mega Million jackpot has grown to $433 million, and it's not too late to get tickets. Two tickets matched five numbers. The odds to match all six numbers: 1 in 302,575,350, which is tougher th...

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US Allows Importers to Obtain Exclusions to Tariffs on Chinese Goods

US Allows Importers to Obtain Exclusions to Tariffs on Chinese Goods

The USTR's 205-page list of proposed tariffs published July 10, seen here, includes almost all categories of seafood produced or processed in China as well as many textiles, fruit, minerals, mec...

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Oil prices fall on record USA output, stock build

Oil prices fall on record USA output, stock build

WTI was trading up 0.35% at $67.99 on the news, with Brent crude still trading down 0.82% at $72.30 at 2:24pm EDT. In fact, Russian Federation and Saudi Arabia have both started to increase ...

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DOJ Takes AT&T-Time Warner Merger Appeal To DC Circ.

DOJ Takes AT&T-Time Warner Merger Appeal To DC Circ.

AT&T argued, during the trial, that it needed to grow to survive in the era of Google, Amazon and Netflix. The logos for Time Warner and AT&T appear in June above trading posts at the New York Stock...

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Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Fox offered £14 per share to value Sky at £24.5 billion ($32 billion), 12% more than Comcast's rival £22 billion offer. Sky's shares have risen 95 percent since Fox made its first bid in 2016, and ...

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Tory vice chairs quit over Brexit

Tory vice chairs quit over Brexit

However, Mrs May's ability to squeeze concessions out of Brussels is likely to be undermined if the Commission and the 27 other member states doubt her ability to get her proposals through Parliamen...

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Trump says gas prices are up, OPEC 'doing little to help'

Trump says gas prices are up, OPEC 'doing little to help'

Saudi Arabia cut pricing for August sales of its light oil grade to Asia as the world's biggest crude exporter is increasing production to assure buyers there is sufficient supply following US Pres...

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Saudi Arabia says ready to boost oil production, taking aim at Iran

Saudi Arabia says ready to boost oil production, taking aim at Iran

The move lower is attributable to Saudi Arabia's willingness to increase demand at the request of US President Donald Trump . Saudi Arabia said it would "use its spare capacity when needed to d...

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European Union 'possibly as bad as China' on trade with US, Trump says

European Commission spokesman Margaritis Schinas said the US investigation into the possibility of auto tariffs "lacks legitimacy, factual basis and violates global trade rules", just like last month'...

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Amazon Prime Day on July 16; to become bigger this year

Amazon Prime Day on July 16; to become bigger this year

Amazon ( AMZN ) on Tuesday said it will start its fourth annual "Amazon Prime Day " on July 16 - an online event that the company says a year ago was the busiest shopping day in its history. You can ...

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Want a replica LeBron James Lakers jersey? That'll be $75

Want a replica LeBron James Lakers jersey? That'll be $75

McGee doesn't have quite the same history with James, but he did apparently get on the latter's bad side enough to have been blocked by James on Instagram. "The acquisition of LeBron James means tha...

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China and India want to buy more U.S. oil to counter Opec

China and India want to buy more U.S. oil to counter Opec

Iran's share of OPEC production increased slightly last month, possibly a sign that the country's crude exports have not yet been affected by the USA decision to ditch a landmark global nuclear accor...

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Trump wants those who 'invade' sent right back

Trump wants those who 'invade' sent right back

The United States Border Patrol on Sunday allowed reporters to briefly visit the facility where it holds families arrested at the southern U.S. border, responding to questions over the Trump administr...

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President Trump continues criticism of Harley Davidson on Twitter

President Trump continues criticism of Harley Davidson on Twitter

U.S. President Donald Trump accused Harley-Davidson Inc. of using new tariffs on trade as cover for an existing plan to shift some production abroad and threatened the motorcycle manufacturer with a...

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Saudi Arabia persuades Iran and OPEC to agree increase in oil production

During the meeting, the group is expected to raise crude output after more than a year of cutting it to stabilize once-falling prices. The initial public offering of Saudi oil giant Aramco-which has...

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Cryptocurrencies fall as South Korean crypto exchange says US$32m stolen

Cryptocurrencies fall as South Korean crypto exchange says US$32m stolen

Melissa Lee went on to ask the question about "when" the market is expected to recover from the bear market, and the Litecoin founder has made a decision to take a more diplomatic stance and distance ...

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Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production

Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production

The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if US President Donald Trump carries out his threat to penalise European cars. The White House has inv...

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Supreme Court Decides Wayfair Online Sales Tax Case

Supreme Court Decides Wayfair Online Sales Tax Case

Bean. A level playing field is what North Dakota businesses wanted with their online competitors. That has long meant cheaper online purchases with no sales tax to pay , especially on big-ticket it...

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FTSE flounders, pound falls on trade and Brexit fears

FTSE flounders, pound falls on trade and Brexit fears

Iran faces renewed US sanctions that will impact its oil industry and Iraq has production constraints. Oil prices rose on Monday in volatile trade as this week's OPEC meeting raised the specter of...

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Trump threatens China with new tariffs on $200 billion in goods

Trump threatens China with new tariffs on $200 billion in goods

Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China on April 24, 2018. In contrast, the United States exported only about $130 billion worth of goods to ...

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German authorities arrest Audi CEO Rupert Stadler in ‘dieselgate’ investigation

Stadler's arrest was confirmed by a spokesperson of the greater Volkswagen Group, adding that the presumption of innocence applied to his case. The Munich prosecutors said Stadler's arrest was n...

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