Uber Technologies Inc and Lyft have declined to appear at a hearing on Wednesday on ride-hailing industry issues, the chairman of the U.S. House of Representatives panel said, urging them to reconsider.
(Bloomberg) — The black-clad protesters pushing back against China’s influence in Hong Kong aren’t just focusing on Carrie Lam and the police. They’re also targeting mainland-based brands such as Bank of China Ltd., China Mobile Ltd. and Huawei Technologies Co. with fire bombs, metal bars and spray paint.A walk down the primary route used by Hong Kong’s anti-government marchers shows how big a chunk of the city China owns. Mainland-affiliated supermarkets, drugstores, hotels, Pacific Coffee stores and McDonald’s outlets — both franchises are operated by state-owned firms — pepper the vicinity of skyscraper-lined Hennessy Road, the downtown artery connecting the …read more […]
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement.
(Bloomberg) — California utility giant Edison International has sent state regulators a report on a deadly wildfire that broke out last week on the edge of Los Angeles, signaling that the company’s equipment may have been somehow involved in the blaze.Southern California Edison submitted a filing known as a safety incident report with the state Public Utilities Commission on a fire that erupted late Thursday on the city’s northern border, agency spokeswoman Terrie Prosper said. The Saddleridge blaze destroyed 23 buildings and led to the death of a man who suffered a heart attack while hosing down his house.Edison declined …read more […]
Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.-China trade deal did little to assure a quick resolution to the tariff fight.
Though the “Nigerian Prince” scam still suckers people into sending money, scammers have become more sophisticated, making it much easier to fall prey to their schemes.
My mother-in-law received a call from someone claiming to be from her bank. Apparently, they had nabbed someone named “Mitch” (same last name as my in-laws) attempting to withdraw $3,000 from her account.
The caller said they just needed to verify some information…
Fortunately, my mother-in-law was suspicious and wouldn’t provide the necessary details. The scammers turned up the heat. “If you won’t confirm the account information, we’ll have no choice but to let this person go …read more […]
Despite early hype, Marriott International doesn’t intend to take on Airbnb and other homesharing companies with its recently announced homesharing business. The company on Monday reemphasized that it has limited goals for Homes & Villas by Marriott International, a small set of professionally managed luxury properties. It mainly intends to use the rental bookings as […] …read more […]
ProPetro Holding Corp this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.
Midland, Texas-based ProPetro said last week it would cut the number of hydraulic fracturing fleets operated this quarter by as much as 28%, far surpassing analysts’ expectations. Halliburton Co said last week it was cutting about 650 jobs in Colorado, Wyoming, New Mexico and North Dakota as oilfield activity slowed. Most of the affected Halliburton employees were offered a chance to relocate to areas with stronger anticipated activity. …read more […]
Dividend paying stocks like BHP Group (ASX:BHP) tend to be popular with investors, and for good reason – some research… …read more […]
Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday.
Profit reports from big manufacturers and other industrial firms arriving this week will provide investors with a crucial corporate gauge of the U.S. economy’s health and the fallout from trade tensions between Washington and Beijing.
As we kick off another trading week, let’s begin by addressing the “Washington Risk” that’s now dictating the minute-by-minute moves of the stock market every day.
By “Washington Risk,” I mean that the news out of Washington (specifically the current U.S.-China trade negotiations) now has 100% influence on the minute-by-minute movements of the major market averages.
So let’s quickly summarize where I believe everything stands…
First off, we’re starting to hear rumblings that the “Phase 1” trade deal the market celebrated last week may not be as strong as we were led to believe.
Secondly, last week’s deal is now being viewed as a …read more […]
A union representing pilots at Southwest Airlines Co on Monday said it believes the grounded Boeing 737 MAX will likely return to the skies in “probably a February time frame to say the least.”
Boeing’s board is stripping CEO Dennis Muilenburg of his chairman role. Yahoo Finance’s Akiko Fujita and Heidi Chung discuss. …read more […]
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