Stories about Finance

Dec 02 2018

Asia stocks advance, dollar struggles on signs of more cautious Fed

With investors likely to scale back on USA rate hike expectations beyond December, this is good news for global stocks but very bad news for King Dollar. "Now investors a...

Dec 02 2018

Floyd Mayweather, DJ Khaled hit with heavy fines in cryptocurrency crackdown

Luckily for Khaled & Floyd , they have reached a settlement with the SEC to avoid any serious charges, but it definitely hurt their bank accounts. The SEC has establ...

Dec 02 2018

Deutsche Bank Headquarters Raided by 170 Police Officers Over Money Laundering

The raid was a new blow to the financial institution that has been hammered by a string of scandals linked to its pre-2008 crisis attempts to compete with Wall Street...

Dec 02 2018

US, China declare 90-day halt to new tariffs, White House says

According to Chinese media the leaders have reached a consensus that trade talks should continue and have agreed not to impose any additional tariffs, at least for now. ...

Dec 02 2018

Fed: Rate hike 'warranted soon'

Analysts think a rate hike next month is likely, but economists admit three rate increases for next year are beginning to look less certain, especially if stock market vo...

Dec 01 2018

Trump hints at auto tariffs in tweet

He was referring to the automaker's plan to shut down 5 factories. In a pair of Wednesday tweets, the president pointed to the 25% levies that are placed on pickup-truc...

Dec 01 2018

New North American Trade Pact Signed

While Trump hailed the revised trade pact, Trudeau was more measured, saying there was still work to be done and calling on Trump - using his first name - to remove ste...

Dec 01 2018

Powell Comments Suggest Fewer Rate Hikes Next Year

With a December increase broadly expected, that meeting may stand out more for the fresh economic projections that policymakers will issue, providing a clearer view of ho...

Nov 30 2018

Fed officials express caution about pace of future hikes

Powell "gave the market , and presumably President Trump, exactly what he wanted, which was an admission that the previously proposed path of future rate hikes was proba...

Nov 30 2018

Ex-employee says Facebook has a 'black people problem'

On Tuesday, an ex-Facebook employee publicly released a lengthy statement coming down hard on the company for failures in how it treats black employees and black users ...

Nov 30 2018

Oil prices fall as OPEC meeting remains ‘clouded by uncertainty’

These events have led to a drastic decline in crude prices, with Brent Crude now hovering between $59 and $60 per barrel. Russian Federation is becoming increasingly co...

Nov 30 2018

Canada on track for Friday signing of USMCA once details finalized: Freeland

After a protracted and tenuous negotiation period, leaders from the U.S., Canada and Mexico officially agreed on a revised trade pact Friday - but the one thing they ...

Nov 30 2018

Canada signs onto revamped NAFTA on sidelines of high-stakes G20 summit

Freeland, speaking to reporters in Buenos Aires before a Group of 20 summit, said Canada was on track to sign the U.S. -Mexico-Canada Agreement on Friday. The president...

Nov 30 2018

Trump effect? Fed's Jerome Powell turns dovish, says rates near neutral

The 10-year Treasury yield fell with the dollar after the release of Powell's speech in NY. Ian Shepherdson of Pantheon Macroeconomics said markets were reading too muc...

Nov 30 2018

May and Corbyn agree to televised Brexit debate, but disagree over where

MSPs are set to reject the UK government's draft Brexit deal after four of Holyrood's parties united to pen a joint motion against it. The House of Commons will hav...

Nov 30 2018

Trump studying new tariffs on imported cars to stop GM closing plants

Kudlow, who met with Barra on Monday, said Trump felt betrayed by GM. The administration has for months been considering imposing dramatic new tariffs on imported veh...

Nov 30 2018

No easy remedy for US-China tensions

Both sides discussed how to further cooperate in areas such as the promotion of trade and investment, agri-food exports, and educational exchanges. "And I would expect th...

Nov 30 2018

Microsoft wins $480M contract to supply US Army with HoloLens

Winning this latest contract - the aim of which is to " increase lethality by enhancing the ability to detect, decide and engage before the enemy " - is likely to face si...

Nov 30 2018

Canada senate vote brings end to postal strike

Canada Post has stated that it could take weeks to clear the buildup of packages at sorting centres in Vancouver, Montreal and Toronto. Not including added benefits th...

Nov 30 2018

Microsoft temporarily surpassed Apple to become the world's most valuable company

Microsoft has continued to face intense pressure from Apple, which reached a record high of more than $ 1 trillion earlier this year. Apple stock is on pace to have ...