[an error occurred while processing the directive]

Stories about Finance

May 20 2019

Baidu posts first quarterly loss since IPO, top exec quits

Baidu has also invested billions in self-driving cars and artificial intelligence, which might pay off in the long term, but are now cost centres. Baidu's American d...

May 20 2019

Starbucks' China rival Luckin surges in market debut

The coffee chain sold 33 million shares at $17 apiece on Thursday evening, raising $571.2 million and giving it a valuation of more than $3.9 billion. For the first t...

May 18 2019

Five seater self-flying air taxi unveiled

It said the craft, which is electric powered, is capable of travelling up to 300km in just 60 minutes. "Today we are taking another huge step towards making urban air m...

May 17 2019

Asian markets feel pain as trade war escalates. Europe gets a break

Communications companies were also higher. The Stoxx Europe 600 Index gained 0.5%.Germany's DAX Index advanced 0.9%.The MSCI Emerging Market Index added 0.3%.The MSCI Asi...

May 16 2019

Weed killer firm must give USA cancer couple $3b

The verdict is the third courtroom loss for the agro-chemical company Monsanto in California since last August. Glyphosate , the basic component in Roundup, was found ...

May 14 2019

US Supreme Court greenlights lawsuit over App Store monopoly

Apple suffered a significant defeat at the Supreme Court on Monday, when the justices ruled that consumers could forge ahead with a lawsuit against the iPhone giant ov...

May 14 2019

Uber slides at open following last week's rocky debut

Even at the low end of the price range, Uber's listing was the ninth-largest U.S. IPO of all time and the biggest on a U.S. exchange since Alibaba Group Holding Ltd.'s US...

May 13 2019

Ships sabotaged as Iran warns it is ready to fight

Thome Ship Management also said that Norwegian-registered product tanker MT Andrea Victory was "struck by an unknown object on the waterline" that caused a hole in the hu...

May 12 2019

Maserati Set To Lose Its Ferrari Power?

Camilleri said revenues from Ferrari's engine business were down this quarter as a result of fewer sales to Maserati. The Ferrari engine is a major selling point for the...

May 12 2019

Mazda developing two straight-six engines

According to the document, Mazda plans to boost the amount of revenue it brings in on every sale with its "new-generation lineup". The key slide in the presentation m...

May 10 2019

Hackers steal $40m from Bitcoin vault

To cancel bitcoin transactions , you need to convince at least half of the dozen or so major bitcoin mining pools to agree to working with an alternate version, starting...

May 09 2019

GM selling plant to electric truck maker, Trump tweets

But the complex wouldn't be sold directly to Workhorse, per se - instead, Workhorse's founder is leading an independent entity that would purchase the facility, with Work...

May 06 2019

Billionaire Warren Buffett gives new hint about his successor

Its annual shareholder meeting is Saturday. Warren Buffet is 88 and won't be the CEO of Berkshire Hathaway ( BRKB ) forever. Since then, it seems that it may have rac...

May 06 2019

Tesla Announces Plan to Raise $2 Billion from Investors

Concurrent with the filings , Tesla published an S-3 citing its ability to issue debt securities or common stock "from time to time, in one or more offerings". Goldman S...

May 04 2019

Apple: Service revenues up; iPhone sales way down

Discussing the challenges the company faces, Counterpoint said "It is increasingly hard for Apple to grow ASP's and China remains a declining market for the company...

May 04 2019

Economy Surges in April, Adding 263,000 Jobs

The U.S. economy added 263,000 jobs in April while the unemployment rate fell to 3.6 percent, making March the 103rd straight month of job growth, according to Department...

May 04 2019

Burger King's new combos are anything but 'Happy' meals

The Real Meal includes ordering options like the Pissed Meal, Blue Meal, Salty Meal, YAAAS Meal and DGAF Meal. Well, Burger King released a brand new meal which will fi...

May 03 2019

Trump to Fed: Slash Rates Now

This should not come as a surprise though the market had clearly been expecting a more dovish outlook and thus more equities-supportive rhetoric from the Fed. Soon after ...

May 02 2019

Sushma asks USA for Iran oil import waiver

On Tuesday, National Iranian Oil Co offered 1 million barrels of heavy crude on the Iran Energy Exchange (IRENEX) in an attempt to attract new, private buyers. Bank of Am...

May 01 2019

Barr's testimony to House on Mueller in doubt amid dispute

Barr offered to testify before the Senate Judiciary Committee on May 1 and the House Judiciary Committee on May 2 after the release of Mueller's report. Graham maintained...