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Stories about Finance

Jan 15 2019

PG&E seeks bankruptcy protection; Newsom urges utility to 'honor promises'

Shares of PG&E plunged 55% in initial premarket trading following the filing and was still down 40% shortly after 5 a.m. PT. Shares of PG&E Corp. had plummeted more t...

Jan 15 2019

Newmont's $10B offer would create world's biggest gold miner

The combined company could log gold production of 6 million to 7 million ounces over a decade and recognize $100 million in annual pre-tax savings. "The formation of ...

Jan 13 2019

No recession in 2019: Fed chairman

He said he didn't know the exact level. "Especially with inflation low and under control we have the ability to be patient and watch patiently and carefully as we. "It ...

Jan 11 2019

Jeff and MacKenzie Bezos are divorcing after 25-year marriage

Shaw. Bezos and MacKenzie announced in a statement on the billionaire's Twitter that they had chose to continue their "shared lives as friends ". Jeff Bezos , CEO of...

Jan 11 2019

CBBC Newsround: Walking auto that could save lives

The vehicle is an EV, but no driving range is offered. Wheels with robotic legs allow users to drive , walk or even climb over the most treacherous terrain, and make th...

Jan 07 2019

'No L-Pocalypse': Dreaded Subway Shutdown Averted

In December, Governor Cuomo toured the L train tunnels with engineering experts from Columbia and Cornell Universities . Under the new plan, work will take place only ...

Jan 06 2019

Apple suppliers take a hit after iPhone sales slump warning

Forte says that in spite of the soft iPhone performance, the good news is the rest of the product portfolio is up 19 percent, and that could bode well for the futur...

Dec 31 2018

Israel irate after Jordan minister steps on regime's flag

The image of the flag was affixed to the floor just inside the entrance of the premises to protest the conflict between Israel and Palestine in the West Bank, as well as ...

Dec 31 2018

Porsche Taycan To Come in Three Trims, Start At Around $90,000 US

With the upcoming new electric Porsche, the Taycan , Porsche looks to take the lead back. The names - the Taycan for the base model, Taycan 4S for the all-wheel driv...

Dec 29 2018

Arizona to get $37.1M under settlement with Wells Fargo

Two years ago, Wells Fargo agreed to pay $190 million to settle federal government claims that the bank created phony customer account, and improperly referred and charge...

Dec 29 2018

Dow notches record point surge in dramatic rebound

The S&P was up four percent Wednesday while the Nasdaq rose 4.8 percent. Equity futures were giving back some gains following the biggest one-day Dow point gain in his...

Dec 28 2018

Council of Economic Advisers Chair: Federal Reserve Chairman's Job Is Safe

CNN has previously reported that Trump was frustrated with Mnuchin because he pushed for Federal Reserve Chairman Jerome Powell's appointment. All modern economies...

Dec 28 2018

Chinese Firms Urge Employees to Boycott Apple in Support of Huawei

The report noted that Apple knows that any sudden signal to move production out of China would result in a similar smear campaign that was waged against Samsung could...

Dec 28 2018

Dow Drops 366 Points as Reality Sets In

The Dow Jones Industrial Average jumped more than 1,050 points (4.98 per cent), and all but one member of the Standard & Poor's 500 advanced, pushing that index up by 4...

Dec 27 2018

Crucero Rescues Fishermen Lost 23 Days At Sea

The fishermen then reportedly ran out of fuel after trying to find their nets and began to run adrift. They had only enough food and water for seven days, and when they...

Dec 27 2018

Dow Jones surges 1,100 points, Wall Street rebounds from worst-ever Christmas

Trump defended Mnuchin, telling reporters on Tuesday that the Treasury chief is a "very talented, very smart person". The S&P 500 came within 2 points of falling 20 per...

Dec 26 2018

Last-minute shoppers pour into Lexington shopping centers ahead of Christmas

It will reopen on Wednesday, December 27, but shut down again on New Year's Day . 7-Eleven. Most stores are open 365 days a year, including Christmas Day . Most peopl...

Dec 24 2018

Crude hovers near multi-month lows with market in doldrums

The weekly inventory cycle is complete and WTI crude oil is on the bull. February WTI futures are on the march north, posting a session gain of more than $1.50 per barrel...

Dec 24 2018

Jennie-O recalls more ground turkey due to potential salmonella contamination

Customers who have purchased these products should throw them out or return them to their place of purchase, according to the USDA. The Public Health Agency of Canada a...

Dec 23 2018

Federal Reserve hikes Rate And Lowers The 2019 Projections To Two Rises

U.S. President Donald Trump on Thursday said border security must be part of legislation to fund the U.S. government, a position that raises the threat of a partial feder...