Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financial stocks as Bank of America’s results reinforced expectations of a strong U.S. earnings season.
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminium. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement. …read more […]
Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling.
* Update: Here’s how to get around Amazon’s error. Use smile.amazon.com. TechCrunch confirmed this workaround works. …read more […]
CNBC’s Kate Rogers reports that users are experiencing issues on Amazon’s website as the e-commerce giant’s Prime Day sales event starts. …read more […]
The chairman of Germany’s Thyssenkrupp has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate.
Cathie Wood, of ARK Genomic Revolution ETF(NYSE: ARKG) explains the multi-trillion dollar opportunity in the Genomics Revolution: CAR-T, CRISPR, and DNA Sequencing
Britain unveiled a model of a sleek proposed fighter jet named Tempest on Monday, raising questions about the future of European defense cooperation, given that Germany and France launched their own fighter jet program a year ago.
Brazil’s government will go ahead with the auction of one of state-owned utility Eletrobras’ power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday.
Shares of Tesla Inc fell 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week.
Yahoo Finance’s Seana Smith, Andy Serwer, Julia La Roche and Dan Howley discuss Elon Musk’s latest Twitter outburst. …read more […]
Strong quarterly results and price hikes by analysts have pushed PayPal’s share price higher. …read more […]
A community activist who has pushed for more police transparency said Monday that he’s asked Chicago police for the body camera footage from all the officers at the scene where one of them fatally shot a black man over the weekend. William Calloway said a brief video released by police showing the view from one officer’s body camera does not answer crucial questions, starting with the reasons the officers approached 37-year-old Harith Augustus on Saturday afternoon just before he was shot. Calloway also said that a police spokesman’s explanation that the Augustus was “exhibiting characteristics of an armed …read more […]
The Federal Communications Commission has the three votes needed to approve a draft order sending Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co to an administrative hearing, an official said on Monday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
