Stories about Finance

Jan 10 2019

GM's Oshawa Plant Hit By Work Stoppage As Union Protests Planned Shutdown

While Unifor vowed it will not advocate for a boycott of GM products, the union leader believes Canadian vehicle buyers are already steering away following the Oshawa pla...

Jan 09 2019

China Trade Talks Wrap Up After Extending To Third Day

The S&P 500 Index has fallen about 8% since Trump and Chinese President Xi Jinping agreed on a 90-day truce at a December 1 meeting in Argentina. If a "REAL" deal with ...

Jan 09 2019

Hundreds rally in Vancouver in support of BC anti-pipeline blockade

Coastal GasLink says it has signed agreements with First Nations along the pipeline route. "We are bound by the rule of law in this country", he said . Wickham was in ...

Jan 09 2019

Average price of oil will drop to $67 per barrel in 2019

Oil has gained almost 12 per cent since last Monday, its biggest week-on-week rally since early December 2016. Brent crude LCOc1 futures rose $1.47 to $58.53 a barrel...

Jan 09 2019

Carlos Ghosn makes first court appearance in Japan

Mr Ghosn says he did ask the company to take on collateral temporarily for his foreign exchange contracts, but that it did not lose any money through this move. "The $14....

Jan 09 2019

Sears chairman makes last-minute bid to save 126-year-old company

The Sears board rejected Lampert's $4.4 billion bid Friday to acquire 425 Sears stores along with other assets of the bankrupt retailer - and a last-minute scramble...

Jan 09 2019

Samsung warns of sales and profit decline

South Korea's LG Electronics said on Tuesday (Jan 8) its fourth-quarter operating profit likely plummeted 80 per cent from the same period a year earlier, falling well ...

Jan 08 2019

London Heathrow airport: Drone spotted as flights grounded

It added it first received the reports at about 5:05 p.m. Tuesday. 'As a precautionary measure, we have stopped departures while we investigate. Transport Secretary C...

Jan 08 2019

Tesla Breaks Ground On Shanghai Factory

While Tesla has been forced to reduce prices in China over the past year because of the US-China trade war, the company still has high hopes for the Middle Kingdom. Chief...

Jan 08 2019

Hyundai unveils walking concept vehicle

Furthermore, the legs can fold up into a stowed drive mode, where power to the joints is cut, allowing the Elevate to drive at highway speeds. Hyundai sees this capabil...

Jan 08 2019

PG&E Stock Continues to Tumble Amid Board Changes, Bankruptcy Fears

Fox News senior judicial analyst Judge Andrew Napolitano on the lawsuit against PG&E over the California wildfires . The utility , which provides electricity to about...

Jan 07 2019

December Jobs Report Assuages Investors

Meanwhile, the unemployment rate jumped to 3.9 percent - the highest rate since August - as more people felt confident enough to quit their jobs and look for new ones. Fo...

Jan 07 2019

Alleged 2019 iPhone renders surface, shows off three cameras

Sales were lower than expected a year ago, and the company introduced several trade-in incentives and price-cuts in order to boost sales of the 2018 iPhones. The flash LE...

Jan 07 2019

Remain MPs planning government shutdown to stop no-deal Brexit

May's withdrawal agreement has found opposition from Brexiteers resulting in the prime minister postponing the House of Commons vote before Christmas in face of certain d...

Jan 07 2019

Musk to break ground on Tesla China plant in uncertain times

Tesla Inc will break ground on its Shanghai Gigafactory on Monday, Chief Executive Elon Musk said in a tweet https://twitter.com/elonmusk/status/1082103637990625281, f...

Jan 07 2019

312,000 jobs added in December; unemployment inches higher

The December DOL report closes out what has been a strong year for the US economy . A strong employment report could offer some relief to global markets, which have re...

Jan 07 2019

Annual house price growth slows to weakest pace in nearly six years

The building society said prices in London fell 0.8 per cent a year ago while the so-called "outer metropolitan" region around the capital suffered a 1.4 per cent decline...

Jan 07 2019

Powell tells markets Fed is flexible and aware of risks

Powell's comments relieved fears that the Fed may be making a policy error by tightening too fast. The Dow Jones Industrial Average on Friday closed 746.94 points, ...

Jan 06 2019

Piers Morgan and vegan sausage roll in 2019’s first insufferable Twitter squabble

The roll arrived in 950 stores across the country yesterday is being sold at £1. "We love Dundee - maybe they'll be there one day". In his letter, James Bastone said: "...

Jan 06 2019

Volvo’s Polestar start the TEASE for the electric Polestar 2

Describing the way forward as electric, Polestar confirmed "this year we go all-in with the launch of the electric Polestar 2 ". The Polestar 2 will be built upon Vo...