Stories about Finance

Jun 03 2018

Crude oil prices slightly higher following trade war fears

US Crude Oil inventories fell by 3.6-M bbls in the week ended 25 May, said, exceeding expectations for a decline of 525,000 bbl. Oil prices eased slightly on Thursda...

Jun 03 2018

GM Cruise just got a huge investment to accelerate driverless auto development

Barra, GM's chairman and chief executive , said in a statement. As part of the deal, General Motors has itself pledged to invest a further $1.1 billion into GM Crui...

Jun 03 2018

Crackdown on high-interest lending

The FCA said it was also consulting on banning the sale of extended warranties when a rent-to-own contract is signed, which could save consumers up to 7.7 million pounds ...

Jun 03 2018

Fiat, Chrysler brands looking at major changes but not dead yet

All new models for the Jeep , Maserati and Alfa Romeo brands launched in the next five years will have some version of electrified powertrains, while eliminating die...

Jun 03 2018

Topeka Sears closing in September

The company said eligible employees will receive severance and can apply for jobs at other Kmart or Sears stores . "The additional 100 store closures announced today...

Jun 03 2018

Waymo Orders Up to 62,000 Chrysler Pacificas for Autonomous Service

Separately, Japanese telecom giant SoftBank said Thursday it will invest $2.25 billion in General Motors' autonomous vehicle program in exchange for a stake in the ve...

Jun 02 2018

Volkswagen warns tariffs could start trade war

Soon after, Trudeau announced retaliatory tariffs on US steel, aluminum, and other goods, calling the Trump administration's tariffs "totally unacceptable". The EU ...

Jun 02 2018

Google retreating from military AI project

Google cloud boss Diane Greene Google Diane Greene, CEO of Google Cloud, informed employees of the company's decision on Friday, unnamed sources told Gizmodo . The news...

Jun 02 2018

Coming To A Fund Near You: China A-Shares

MSCI Inc ., one of the largest providers of indexes for use by issuers of exchange traded funds, is considering capping the weights of two of the largest emerging marke...

Jun 02 2018

Socialist takes over as Spain’s prime minister after corruption scandal

The Madrid stock exchange was up 2 percent after Sanchez won the vote and earned a standing ovation from his party's lawmakers. The former economics professor and caree...

Jun 02 2018

Vermont Could Pay You Up To $10K If You Move There

The bill, which is scheduled to take effect on January 1, 2019, has budgeted grants for almost 100 new remote workers in the first three years of the program , and 20 ...

Jun 02 2018

OECD Raises GDP Forecast for Slovenia

Other countries have threatened retaliatory trade barriers. Against that backdrop, the overall OECD unemployment rate was seen falling to five percent by the end of 201...

Jun 02 2018

Warren Buffett Almost Invested $ 3 billion in Uber

Dara Khosrowshahi, who took over as Uber's chief executive in November after the departure of the embattled founder Travis Kalanick, has been featured on advertising slot...

Jun 02 2018

Euroskeptics cheer as Italian populists take power

Savona will be in government as European affairs minister, a less powerful role but one which will still allow him to negotiate with Brussels and speak on EU issues. An...

Jun 02 2018

Euro rallies as Italy concerns fade, investors eye data

The euro was last at $1.1628 from Monday's $1.1608, its lowest since early November. The ECB could just hint at an extension to QE while taking another six weeks to s...

Jun 01 2018

How Trudeau’s Push for a ‘Skinny Nafta’ Deal Hit a Trump Wall

But we see no sign of that in this action today by the U.S. administration. Mr. Trump also defended his decision to hit Canada , Mexico and the European Union with hef...

Jun 01 2018

Deutsche Bank Is Sick but Not at Death's Door

The report sent Deutsche's shares down by 7% yesterday to their lowest-ever closing level. But the bank isn't teetering on the brink of collapse. Ratings agency S&P Glo...

Jun 01 2018

Canada Retaliates With Tariffs on $12.8 Billion of U.S. Goods

USA leaves us no choice but to proceed with a WTO dispute settlement case and the imposition of additional duties on a number of United States imports. The European Unio...

Jun 01 2018

Spain ousts Rajoy as PM, turns to Socialist leader Sanchez

There have been three other such votes since Spain returned to democracy following the death of long-time dictator Francisco Franco in 1975, including one against Rajoy p...

Jun 01 2018

U.S. stocks reverse course and surge as Italy worries ease

The Dow Jones industrial average rose 240 points, or 1 per cent, to 24,600. The Dow is down 85.31 points, or 0.3 per cent. The S&P 500 ended 1.2% lower, while the Nasda...