Oil prices rose more than 4% on Wednesday, boosted by a wider market pickup on positive news from China, after three days of losses due to fears about a weakening global economy.
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a six-month high.
T-Mobile US retail employees and technicians delivered a letter late Tuesday for Deutsche Telekom CEO Tim Hoettges, seeking assurances that their jobs and paychecks will be safe if the wireless carrier is allowed to merge with Sprint, its smaller rival.
EU regulators are examining Facebook’s proposed Libra cryptocurrency to see if it harms competition, Europe’s antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network’s move into financial services.
In between all the eating and drinking (I make no apology!) I did with family and friends this weekend, I squeezed in a couple of sets of tennis. And I noticed my tennis partner had a new pair of sneakers.
“Nice sneakers,” I commented.
“I got ‘em at a great price,” my partner said. “I tried them on at a discount store at the mall, then bought them on Amazon for 20% cheaper.”
And that is why traditional retail is scuffling, in a nutshell.
Brick-and-mortar stores and e-commerce companies alike are trying to compete with Amazon.
But Amazon’s overwhelming market power begs the question: Is …read more […]
The U.S. economy grew at a modest pace in recent weeks, with manufacturing buffeted by a global slowdown while consumer purchases gave mixed signals on the strength of household spending, the Federal Reserve reported on Wednesday.
Stocks rebounded worldwide on Wednesday, and the U.S. Treasury yield curve steepened as easing geopolitical concerns and upbeat economic data from China helped revive investor risk appetite.
The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc’s Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.
Tyson Foods Inc slowed chicken processing after it recalled millions of pounds of poultry this year over concerns they contained extraneous materials like rubber and metal, Chief Executive Noel White said on Wednesday.
The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc’s Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.
Wall Street’s main indexes rose on Wednesday as fears of a global economic slowdown were calmed by robust economic data from China, while easing tensions in Hong Kong added to an upbeat mood.
WeWork owner The We Company took some steps on Wednesday to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to its all-male board and announcing that its CEO would return a $5.9 million payment for use of the trademarked word “We.”
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a six-month high.
On the surface, the U.S. has much to celebrate. Oil companies here have been pumping record amounts of crude thanks to the shale boom.
But if you look into the five-year price performance of the nine largest U.S.-based oil producers, you’ll see that the best performer – Chevron Corp. (NYSE: CVX) – is down 9.39%.
The worst performer is Devon Energy Corp. (NYSE: DVN) – down 70.76%.
Investors who own these companies are scratching their heads. How can they have such terrible returns when the demand for oil continues to increase?
In 2018, according to BP’s “Statistical Review of World Energy 2019,” the world …read more […]
U.S. President Donald Trump said on Wednesday the United States was not doing business with Chinese tech giant Huawei Technologies and does not want to discuss the issue with China.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
