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Stories about Business

Oct 12 2018

European Union says there has been ‘no breakthrough’ in Brexit talks

The 27 European Union leaders meeting next Wednesday in Brussels want to be able to announce "decisive progress" on the Brexit deal to agree to hold another summit in Nov...

Oct 07 2018

September shrug: Only 134K jobs added, but 49-year-low unemployment rate

The historically low US unemployment rate fell again during the month of September, but about 50,000 fewer jobs were added to the economy than experts predicted. The aver...

Oct 07 2018

Judge assigns Elon Musk and the SEC an essay on settlement

Chief Executive Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, hours after a federal judge ordered him and the regulator to justify their s...

Oct 05 2018

Elon Musk mocks SEC just days after Tesla settlement

The tweet came five days after Musk settled SEC charges that he misled investors in tweets on August 7, including that there was " funding secured " to take his Palo Al...

Oct 05 2018

Rupee breaches 74-mark against dollar as RBI keeps policy rate unchanged

Traders remained cautious ahead of the Reserve Bank of India's policy meet scheduled later this week. Five of the six panel members voted to leave the rate unchanged. d...

Oct 03 2018

Nigerian cargoes struggle for buyers as oil prices hit $84

Crude has rallied about 16 percent since mid-August as supply losses from Iran to Venezuela continued to rattle global markets. Global oil benchmark, Brent crude , e...

Oct 02 2018

Amazon boosting workers' minimum wage to $15 an hour

It appears that the company is also eliminating incentive and productivity targets, and will increase the pay of those who were already making $15 an hour. And in January...

Oct 02 2018

Tesla shares soar after Musk gets ousted as chairman

Tesla shareholders, Tesla fans, and Tesla customers all breathed a sigh of relief this week when it announced that founder and CEO Elon Musk had reached a set...

Oct 01 2018

Elon Musk Settles With SEC, Quits As Tesla Chairman

This is only the midpoint of his Musk-sational 2018 narrative . Automotive news website Electrek reported after the opening bell that Tesla had produced 53 000 o...

Oct 01 2018

Tesla shares jump on Model 3 numbers, Musk settlement

In a follow-up company blog post issued August 13, Musk explained that his assertion of having " funding secured " was based on multiple encounters he had with the Saudi ...

Sep 30 2018

Ripple Labs Hints At xRapid Release, XRP Price Surges

McCaleb parted company with the project a few years ago to build Stellar (XLM), an open-source alternative to Ripple . PNC is not the only bank to have tested or d...

Sep 26 2018

Instagram co-founders resign from social media company

Some saw this departure as a potential opening for Snapchat, given that the company's app has always been considered a major Instagram competitor; Facebook has even s...

Sep 24 2018

US oil prices surge as inventory draw adds to supply concerns

Meanwhile, an industry report Tuesday showed US crude stockpiles increased 1.25 million barrels last week, defying expectations for a decline ahead of government data. ...

Sep 20 2018

Latin America Energy, Oil and Gas, News and Information

Crude Oil futures in NY climbed 2.5%, while gasoline futures popped higher by 2.8% Tuesday. Brent crude oil LCOc1 fell $1.56, or 2 percent, to settle at $78.18 per barr...

Sep 18 2018

Coca-Cola could make cannabis-infused drink

Coca-Cola did not respond to questions about Aurora or any other Canadian cannabis companies. In a clarification, Coca-Cola stated on Monday, "We have no interest i...

Sep 18 2018

The implications of US-China trade war

So far, China has either imposed or proposed tariffs on $110 billion of USA goods, representing most of its imports of American products. While Chinese equities had been ...

Sep 17 2018

"Saudi Arabia, UAE Turning OPEC Into A US Tool", Says Iran

Under pressure from U.S. President Donald Trump to lower oil prices , the Organization of the Petroleum Exporting Countries and allies agreed in June to boost produc...

Sep 14 2018

Amazon founder Bezos announces $2B charitable fund

The first will fund existing nonprofits and issue annual awards to organisations doing "compassionate, needle-moving work" to shelter and support the immediate needs of y...

Sep 14 2018

Canada's Freeland to hold NAFTA talks in Washington on Tuesday

Prime Minister Justin Trudeau warned, however, that potential U.S. auto tariffs could be "devastating" for industry in both countries. Republican Tom Reed, a member of ...

Sep 11 2018

Fuel prices rise again, petrol nears Rs 90 in Mumbai

Diesel was priced at Rs 77.47 per litre in Mumbai on Tuesday. An anonymous government official, quoted by PTI in a news report published Monday, said a cut in excise duty...