Business News
Oil pulls back on concerns U.S. inventories are building
Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market.
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Business News
Fuel shippers request FERC to expedite hearing on Colonial Pipeline rates
Chevron, Valero and Delta Air Lines urged U.S. regulators to expedite a hearing on the fee structure of the largest fuel pipeline in the United States that they allege is costing them millions of dollars.
Business News
New York regulator approves Winklevoss, Paxos dollar-linked tokens
New York state on Monday approved Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stablecoins to get the nod from the region’s regulator.
Business News
U.S., Europe optimism helps global stock index dodge trade war dread
An index of global stock markets rose on Monday for the first time in eight trading sessions on optimism about policy from Italy to the United States, dodging anxiety about the U.S.-China trade war.
Business News
Hedge fund Tiger Global ups stake in Fiat Chrysler to $1 billion: filing
U.S. hedge fund Tiger Global Management has raised its stake in Fiat Chrysler Automobiles to 873.3 million euros ($1 billion), a recent filing with the Dutch regulator showed.
Business News
Wall Street rises on tax optimism, despite Apple drag
U.S. stock indexes rose on Monday, lead by industrials, on optimism for further tax relief, although a drop in Apple kept gains in check.
Trading Ideas
Why Tilray, Inc. Is Jumping Again Today
What’s behind the incredible momentum for this Canadian marijuana stock? Anticipation. …read more […]
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Stormy Daniels Says Trump’s Threats Are Based on a ‘Giant Lie’
President Donald Trump can’t just walk away from a $130,000 hush deal with Stormy Daniels after having conducted a six-month public relations campaign to discredit and bully the adult film actress, her lawyer said. Trump and his former lawyer, Michael Cohen, both filed court papers in recent days saying they wouldn’t seek to enforce the October 2016 contract to keep Daniels quiet about a sexual tryst she says she had with Trump, or challenge claims that it wasn’t valid. Daniels’s lawyer, Michael Avenatti, said in a filing Monday that their change of heart was evidence Trump and Cohen …read more […]
Business News
VW investors sue for billions of dollars over diesel scandal
Investors took Volkswagen to court on Monday to seek compensation for the hit to the carmaker’s share price from its diesel emissions scandal, with plaintiffs holding out hopes for billions of dollars in damages.
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Ford says ‘no’ to Trump’s latest demand
Ford is saying ‘no’ to President Trump’s demand that it move production of the Ford Focus Active to the US. This as Apple is warning the tariffs on China will drive up prices. Yahoo Finance’s Alexis Christoforous, Rick Newman and Maylan Studart have the latest on the trade fight. …read more […]
Business News
Oil up as U.S. drilling growth stalls, Iranian sanctions bite
Oil prices rose on Monday as growth of U.S. drilling braked and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November.
Business News
CBS sets Moonves payoff at $120 million pending probe
CBS Corp said on Monday it will pay $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
Business News
Volvo Cars drops IPO due to trade tensions and auto stocks downturn
Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks.
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Aurora Cannabis-ICC Labs Deal Fuels Marijuana Stock Momentum
Pot stocks continued charging higher Monday after Aurora Cannabis Inc. reached a deal to acquire South America-focused ICC Labs Inc. The C$290 million ($220 million) deal is the latest in an acquisition spree that has seen Aurora buy at least 10 companies in the past two years. Aurora shares gained as much as 4.1 percent, while ICC added 5.6 percent at 9:30 a.m. in Toronto. …read more […]
Business News
Wall Street higher as tax cut hopes keep trade war fears at bay
U.S. stock indexes were higher on Monday, boosted by the consumer discretionary sector and as hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-U.S. trade war.