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Stories about Finance

Oct 15 2018

Saudi Arabia government pledges ‘greater action’ if United States retaliates for Khashoggi disappearance

At Saudi Arabia's request, it's establishing a joint working group with Turkey to investigate Khashoggi's fate, Ibrahim Kalin, Erdogan's spokesman, told reporters on ...

Oct 15 2018

'The Fed has gone crazy': Trump points finger for Wall Street tumble

Even Amazon ( AMZN ) dropped 6%. Trump has repeatedly touted Wall Street records as proof of the success of his economic programme. "The president likes low interest...

Oct 14 2018

Russia And Saudi Arabia React Unhappy With Trump On Oil Prices

Iran has questioned whether the market needs more oil and says its output is holding steady at about 3.8 million bpd. Oil prices rose Tuesday due to evidence of falling...

Oct 13 2018

Fed's interest rate increases 'don't have to go as fast'

His predecessors have taken care not to directly attack the central bank's rate policy out of concern that such criticism could backfire. Trump's comments echo his prev...

Oct 12 2018

United States stocks tumble for a second day

The Nasdaq composite , which has a high concentration of technology stocks, tumbled 316 points, or 4.1 percent, to 7,422. The S&P 500 is also down more than 5 percent ov...

Oct 12 2018

Saudi Arabia can not replace Iran's oil in market: minister

White House spokeswoman Sarah Sanders said National Security Advisor John Bolton, Secretary of State Mike Pompeo and Trump's aide and son-in-law Jared Kushner had all...

Oct 12 2018

Pakistan Announces Intention to Approach IMF and ‘Friendly Countries’ For Bailout Package

The rapid build-up in debt in China in recent years also is a concern, although Chinese authorities have taken steps to rein in debt growth, he said. Lagarde described ...

Oct 11 2018

China slashes banks' reserve requirements as trade war imperils growth

Zhang Yi, chief economist at Zhonghai Shengrong Capital Management, said the cut suggested the central bank was anxious about the impact of "external shocks" to markets...

Oct 09 2018

MIT alumnus William Nordhaus wins Nobel Prize in economic sciences

The Nobel economics prize was created by the Swedish central bank "in memory of Alfred Nobel" and first awarded in 1969, unlike the other prizes which were created in h...

Oct 08 2018

Unemployment Drops to Its Lowest Level Since the 1960s

The smaller survey of households from which the jobless rate is derived regards persons as employed regardless of whether they missed work during the reference week and...

Oct 07 2018

Tesla confirms that Model 3 production hit its ambitious target last quarter

Widely seen as the driving force behind the company, Musk's talent for promotion has helped Tesla vault much bigger manufacturing operations like General Motors and Ford ...

Oct 07 2018

Tesla boss mocks United States agency days after reaching settlement

The SEC deal requested Musk step down as chairman of Tesla , though he could remain as its chief executive, and pay a $20m (£15.3m) fine. Also as part of the sett...

Oct 04 2018

Oil trades near four-year peak ahead of U.S. sanctions on Iran

Brent crude , the worldwide oil benchmark, surged on Friday to a fresh 4-year high above $83/bbl as the market braces for the impact of the USA energy sanctions on Iran ...

Oct 04 2018

I told Saudi king he wouldn't last without United States support: Donald Trump

Earlier in the session, crude had been pushed lower as Saudi Energy Minister Khalid al-Falih said the kingdom had raised output to 10.7 million barrels per day in October...

Oct 03 2018

Amazon raises wages for lower-paid workers

The change applies to all "full-time, part-time, temporary (including those hired by agencies), and seasonal employees" who are based in the US. The company also said it ...

Oct 02 2018

California's Net Neutrality Law Is Facing a Justice Department Lawsuit

The law was signed by California Governor Jerry Brown on Sunday. "California should focus on ensuring that its [attorney general] can deploy that existing authority...

Oct 02 2018

Tesla shares spike on SEC truce, strong Model 3 report

Coming under pressure from his lawyers and investors of Tesla , tech billionaire Elon Musk has agreed to step down as chairman of the company for three years and pay...

Oct 01 2018

Canada and Trump administration at impasse — NAFTA negotiations

If the US and Mexico try to advance a bilateral deal without Canada they may face delays in Congress, where key lawmakers have called for the three-nation format to c...

Sep 30 2018

Elon Musk's fortune takes a $1.5bn hit after SEC lawsuit

Musk said in a blog post he had been approached by the Saudi Arabian sovereign wealth fund multiple times about investing in Tesla , making him confident he would be a...

Sep 29 2018

After SEC moves to oust Musk, Tesla shares fall 12 percent

That was the question Wall Street was asking on Friday as the electric vehicle company's share price plummeted following news that the US's top financial regulator was ...