Stories about Finance

Jan 31 2019

Tesla posts higher earnings but still falls short

With about three quarters of the Model Y components exactly the same as the Model 3, Musk says Model Y production will cost much less to prepare for than say, the differe...

Jan 31 2019

The Fed Rules in the Market’s Favor

Crude rose as USA sanctions against Venezuela threatened to disrupt the global supply backdrop while gold got a boost from a weakened US dollar. Citing rising uncertain...

Jan 31 2019

Microsoft Revenues Jump 12 Percent to $32.5 Billion

The biggest highlight from this area was Microsoft's Surface hardware business, which saw revenue increase by 39 percent. As has been the case for the last several qu...

Jan 31 2019

Ghosn: charges a 'plot' by Nissan execs to halt Renault merger

In the interview, Ghosn reiterated that he is innocent and said others in the company schemed to force him out with a "plot and treason". "These are known by everybody, w...

Jan 31 2019

Foxconn changing its plans in massive Wisconsin deal hailed by Trump

While Foxconn originally said it would create a 20-million square foot operation for building the LCD screens, creating 3,000 jobs - with plans for another 10,000 at ...

Jan 31 2019

Venezuela crisis: Donald Trump issues TRAVEL WARNING - 'Do NOT travel to Venezuela!'

He fears the corrupt Maduro regime may try to loot the country's offshore assets as his grip on power wavers. Venezuela army defectors have also made a plea to the Unit...

Jan 31 2019

U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska

But the Treasury Department is removing restrictions on Rusal, En+ Group and EuroSibEnergo. The companies have agreed to unprecedented transparency of its activities ....

Jan 30 2019

China Threatens US After DOJ Indicts Huawei On 23 Criminal Charges

The White House has imposed various economic sanctions against Iran, cracking down on the Mid-East nation's oil exports, banking, and so on. The charges contained in ...

Jan 30 2019

Wall Street drops at open on weak Caterpillar, Nvidia forecasts

Stocks opened broadly lower after two major USA companies dropped after saying that weakness in China's economy was weighing on their results. Caterpillar expects onl...

Jan 30 2019

Tyson recalls chicken nuggets over possible rubber contamination

The company alerted the government Tuesday. The problem was discovered after Tyson received consumer complaints of extraneous material in purchased Panko Chicken Nugge...

Jan 30 2019

Utility bankruptcy could be costly to wildfire victims

Faced with potentially ruinous lawsuits over California's wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could drive up ...

Jan 30 2019

Venezuela power struggle heats up with Guaido curbs, protest plans

Attorney General Tarek William Saab made his request to the government-stacked Supreme Court, and also asked it to block Guaido's financial accounts. On 23 January, Gua...

Jan 30 2019

USPS hikes 'Forever' stamp price by record amount

The United States Postal Service (USPS) announced price increases on Sunday, including the biggest increase ever for forever stamps. The Postal Service lost almost ...

Jan 30 2019

Nissan faces investigation by SEC over executive pay

Nissan shares fell 0.8 percent to 920.3 yen, compared with a 0.6 percent decline in the Nikkei average. Japanese prosecutors have charged Mr Ghosn, the former chairman ...

Jan 30 2019

Mail delivery in some parts of US suspended due to cold

University of South Dakota and South Dakota State University cancelled classes for Wednesday. Due to the dangerously cold temperatures, people across the area said they...

Jan 30 2019

Company that inspected Brazil dam works on probe

The most-active iron ore futures on China's Dalian Commodity Exchange soared almost 6 percent on Monday trade to 567.5 yuan ($84.31) a tonne, their highest in 16 months. ...

Jan 30 2019

Brexit: MPs back May's bid to change deal

But the chances of the Commons derailing her plans were also heightened when Labour confirmed it will back a cross-party bid to push Brexit day back from March 29 to as l...

Jan 29 2019

Porsche Taycan to come with free public charging in the US

Porsche won't leave Taycan owners to their own devices when it comes time to charge their electric sedans on the road. Around 300 of these spots will be located on high...

Jan 29 2019

Venezuela's Guaido aims for peaceful transition, free elections: CNN interview

Bolton said Monday's announcement would block US$7 billion (S$9.5 billion) in PDVSA's assets "plus over US$11 billion in lost export proceeds over the next year". He said...

Jan 29 2019

China's top trade negotiator arrives in US for talks

The round of talks Wednesday and Thursday will cover U.S. demands for structural changes to China's economy and Beijing's pledge to buy more American goods. Wilbur Ro...