Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going “very well” and a news report suggested key differences were being ironed out.
Oil prices surged more than 3% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.
U.S. Supreme Court justices on Wednesday appeared skeptical of Intel Corp’s bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars.
U.S. Supreme Court justices on Wednesday appeared skeptical of Intel Corp’s bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars. The justices heard an hour of arguments in Intel’s appeal of a lower court ruling reviving the proposed class action lawsuit that a judge decided in 2017 had been filed too late. The case is significant for companies because it could expand the time that many plan beneficiaries have to bring lawsuits, which could lead to higher damages. …read more […]
Wall Street gained ground on Wednesday in a broad-based rally as investor sentiment brightened after U.S. President Donald Trump said talks with China on an interim trade deal were going “very well.”
Canada’s Bombardier will hit its 2019 delivery targets for its Global 7500 business jet, as the company redirects manpower from other planes to its flagship corporate aircraft program, an executive said on Wednesday.
Elon Musk said he was overworked when he called a British diver and cave explorer a “pedo guy” in a tweet to his millions of followers, as the Tesla chief executive defended himself on Wednesday at his defamation trial.
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But… …read more […]
BMW is suing two of its suppliers over price fixing on air conditioning components, the German carmaker said on Wednesday.
When we invest, we’re generally looking for stocks that outperform the market average. And while active stock picking… …read more […]
My Twitter feed is always good for a laugh or two every morning. This morning was no different.
“You need to be able to say what your startup does in 2-4 words,” tweeted serial founder David Sacks. “No one has the time or attention span for an elevator pitch anymore.”
I guess Sacks is a very busy guy.
But we’re all busy, right? Heaven forbid a founder should dare to waste my time by taking up more than the requisite five seconds Sacks deigns to give to startup entrepreneurs.
I’m all for efficiency. But some things shouldn’t be rushed. Understanding a founder’s value proposition …read more […]
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]
Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Wednesday the ride hailing company could extend its food delivery service to offer courier services for other retail businesses.
NEW YORK/RIO DE JANEIRO, Dec 4 (Reuters) – Brazilian state-run oil firm Petrobras expects to boost its equity value by roughly 45% by 2021, in large part through cost cuts and the divestment of non-core assets, it said in a presentation released on Wednesday. Capital expenditure from 2020 to 2024 will be concentrated in Brazil’s offshore “pre-salt” formation, with a special emphasis on its Buzios field, said Petroleo Brasileiro SA , as the firm is formally known. The presentation, which was accompanied by comments from Petrobras executives at the firm’s New York Investors’ Day, was the first time …read more […]
L’Oreal’s Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics.
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