Oil futures pared losses briefly Wednesday after U.S. crude inventories fell the most in nearly two years, before trading lower in a volatile session in which supplies from Libya and Iran were expected to increase.
Tesla is putting its focus on China for a new factory, but is Elon Musk spending his money in the right place? Yahoo Finance’s Alexis Christoforous speaks with Gene Munster of Loup Ventures. …read more […]
U.S. House of Representatives Speaker Paul Ryan said on Wednesday tariffs are not the right tool to use in the trade dispute with China, although Beijing engages in unfair trade practices.
U.S. President Donald Trump called Pfizer Chief Executive Ian Read on Tuesday and discussed the company’s July 1 price hikes for 10 to 15 minutes, communicating that the increases had complicated the administration’s drug pricing plans, according to a source familiar with the matter.
The euro rose to a daily high on Wednesday after a report that European Central Bank policymakers were split over when the central bank would raise rates next year.
After spending the last couple of weeks closing the deal to buy TimeWarner for …read more […]
U.S stocks slid on Wednesday amid a broad selloff on escalating trade war tensions after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
U.S. wholesale inventories were a bit higher than initially estimated in May amid strong increases in the stocks of machinery and a range of other goods.
The 12 boys rescued from deep within a flooded cave in northern Thailand made two-finger victory signs from their hospital beds on Wednesday in a moving video from the isolation ward where they’re recuperating from their 18-day ordeal. …read more […]
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.
AT&T Inc. said it’s investing in Magic Leap Inc., the augmented reality headset startup, forming a partnership that will also make it the “exclusive wireless distributor” for Magic Leap products in the U.S. Financial terms of the deal were not disclosed, but a spokesperson for Magic Leap said AT&T’s investment completes the company’s latest fundraising round, which the company said in March totaled $963 million. Magic Leap has raised more than $2.3 billion overall and has been valued at more than $6 billion. …read more […]
U.S. stocks opened lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
U.S. stocks were set to open lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
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