Business & Finance News
A prominent Republican on the U.S. Senate Agriculture Committee on Thursday complained about Smithfield Foods Inc receiving aid from the U.S. Agriculture Department meant to help U.S. farmers hurt by Chinese trade tariffs given that it is a unit of a Chinese company.
U.S. stocks gained on Thursday as Microsoft’s strong earnings helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.
U.S. stocks followed Europe higher on Thursday after investors ventured into risky bets again with encouragement from some strong earnings and the dollar rose against the euro after remarks from Europe’s Central Bank chief fueled fears about the monetary union.
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before – lock in prices for their barrels that will find a home overseas.
With U.S. stocks well down from their record highs in September and key elections less than two weeks away, President Donald Trump has stepped up his criticism of the Federal Reserve’s interest rate increases and of Jerome Powell, the man he picked to lead the central bank.
Saudi Arabia’s investment forum was designed to showcase the kingdom’s new future away from oil, but it was black gold and old allies that rescued this week’s event from the furor over the killing of journalist Jamal Khashoggi.
U.S. President Donald Trump’s favorite report card on his presidency may be failing him at a critical moment.
United Parcel Service Inc on Thursday will unveil an urban delivery test in Seattle that uses electric bicycles geared to carry packages in large preloaded boxes to save time and cut pollution, the company said.
Retail billionaire Philip Green, one of Britain’s most prominent businessmen, was named in parliament on Thursday as having taken legal action to try to prevent publication of allegations of sexual harassment against him.
U.S. stocks gained on Thursday, as Microsoft’s strong earnings helped Nasdaq-listed companies stage a rebound from the tech-heavy index’s worst decline since 2011 in the previous session.
Activist hedge fund Trian Fund Management said on Thursday that it wants to replace PPG Industries’ chief executive with his predecessor and suggested that the U.S. paints and coatings company be broken up.
Oil prices rose on Thursday alongside U.S. stock markets as Wall Street recovered from the worst meltdown since 2011 the previous day, allaying some fears that a slowdown in global economic growth would hit demand for oil.
European and U.S. markets attempted a rebound on Thursday after Wall Street’s worst day since 2011 and heavy losses in Asia gave global stocks another boot towards their worst month since the financial crisis.
Elon Musk’s rocket company SpaceX is looking to borrow $500 million in the leveraged loan market through Goldman Sachs, which is leading talks with potential investors this week, Bloomberg reported on Thursday.
Twitter Inc shares jumped as much as 22 percent on Thursday, putting them on track for their biggest one-day gain, as the social media company easily beat Wall Street’s revenue and profit estimates by selling more ads even though it lost users after purging millions of fake accounts.
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