Year: 2019

U.S. President Donald Trump said on Monday that businessman Herman Cain has withdrawn his name from consideration for a seat on the Federal Reserve Board.

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French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros ($529.03 million).

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Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter.

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Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.

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The United States demanded a cut off of Iranian oil exports to major importers like China and India who had been granted exemptions from sanctions, sending crude prices to six-month highs on fears the U.S. action could lead to a supply crunch.

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President Donald Trump said on Monday that businessman Herman Cain had withdrawn his name from consideration for a seat on the Federal Reserve Board.

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Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner.

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Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week.

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U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.

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Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, changing leadership after years of cost-cutting that has hurt some of its biggest brands.

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U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check.

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U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.

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Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported.

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The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic.

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U.S. President Donald Trump said on Monday that Saudi Arabia and other OPEC nations could “more than make up” for any drop in Iranian oil supplies to global markets now that his administration has decided to end waivers that allowed some nations to buy Iranian oil without facing U.S. sanctions.

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