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Stories about Finance

Jul 18 2019

U.S. housing market stuck in a rut despite lower mortgage rates

The annual pace of new housing starts in the US slipped 0.9 percent from May (1.265 million units) to June (1.253 million units) but remains 6.2 percent higher versus t...

Jul 18 2019

Near historic lows: Fed's Powell doubles down on rate cut signal

Kaplan said USA economic data has pointed to relatively strong economic growth despite the impact of worldwide trade tensions, a global slowdown and the waning effects of...

Jul 17 2019

Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

There are other changes in the lineup. The Model 3 , meanwhile, now starts at $38,990 for the Standard Range Plus variant with a 240 mile range, a top speed of 140 mil...

Jul 17 2019

Corvette C8 Will Debut As A Stingray, Check Out Its New Logos

The Corvette's V8 has been traditionally installed under the hood, but will now be centrally positioned behind the passenger compartment. While Chevrolet has not rele...

Jul 16 2019

China's Economic Growth Cools Further

BEIJING, July 15 (Reuters) - Growth in China's new home prices cooled in June as sales shrank for a second month, but building starts and investment quickened, providing...

Jul 15 2019

Donald Trump is not a fan of Bitcoin and Libra

The strong comments from the most powerful United States financial regulator underscored the growing regulatory hurdles facing the proposed cryptocurrency , which has ...

Jul 14 2019

Telstra outage: EFTPOS machines and ATMs down across the country

The outage is also having a significant impact on the major banks, with Commonwealth Bank, NAB, Westpac and ANZ all reporting problems. Whilst the CommBank app and ...

Jul 13 2019

At least 35 injured from turbulence on Air Canada flight

Linda Woodhouse, an Albertan who is moving to Australia, said people had just begun to wake up and move around when the airplane experienced several seconds of minor turb...

Jul 12 2019

Greece’s new cabinet sworn in after New Democracy party’s win

Tsipras presided over austerity policies under Greece's third worldwide bailout as it struggled in the global financial crisis. The economist and engineer served as dep...

Jul 11 2019

Tropical development likely, details still a question mark

For a depiction of areas at risk, please see the National Weather Service storm surge watch/warning graphic, available at hurricanes.gov. The system could track along...

Jul 10 2019

New electric Mini Cooper SE revealed … and confirmed for SA!

The new Mini Cooper SE has been revealed as the brand's first fully electric model. and it's headed to South Africa in "limited quantities" in the first quarter of 2021...

Jul 09 2019

Tesla to offer self-driving chip upgrade for older models

Tesla will likely start installing the chip it created to one day make its cars autonomous on vehicles that don't already have it near the end of this year, CEO Elon Mus...

Jul 09 2019

Volkswagen, Ford reach outline agreement to share electric, autonomous tech

Back in January , the two auto makers announced plans to share technology and platforms, starting with new commercial vehicles like vans and medium-sized pickup trucks ....

Jul 09 2019

European Stocks Set To Open Lower Following Powerful US Jobs Data

As markets enter the second half of 2019, analysts and investors are closely watching the Fed , putting new emphasis on the central bank's meeting at the end of the mont...

Jul 08 2019

Mazda 3s recalled over fears wheels could fall off

A small gap may exist between the wheel studs and the hub assembly. While the occasional clank in suspension of a brand new vehicle might be quite infuriating, it gets wo...

Jul 06 2019

Thousands of fish dead in Kentucky River following Jim Beam warehouse fire

The state warns fishers to not eat affected fish. "At this point the only thing left burning is the distilled spirits, so it's a clean burn and there is less impact to ...

Jul 05 2019

European Union top jobs remain unfilled

They include picking a replacement for Jean-Claude Juncker as president of the EU's powerful executive arm, the European Commission, and for Donald Tusk as head of the ...

Jul 04 2019

RBA cuts cash rate to 1 per cent — RATES SLASHED

The RBA is anticipated to lower the cash rate by another 25bp in July despite the trade truce between the U.S. and China, Australia's largest trading partner, as Govern...

Jul 03 2019

EU leaders agree on France's Christine Lagarde to lead ECB

The presidency of the EU's executive arm is the key sticking point because it requires the approval of an unruly and fragmented European Parliament . If she swaps Washi...

Jul 02 2019

Japan to tighten curbs on tech material exports to this country

The report said the Korean companies could take this opportunity to streamline their inventories, as the chip and display industries are in a supply glut. The materials...