Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and U.S. sanctions on Iran and Venezuela.
Sony Corp shares surged more than 7 percent in early trade on Tuesday after Reuters reported that Daniel Loeb’s hedge fund, Third Point LLC, was again building a stake in the Japanese electronics conglomerate to push for changes.
Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public.
Shares of Sony Corp were untraded early Tuesday with a glut of buy orders after Reuters reported that Daniel Loeb’s hedge fund Third Point LLC was building a stake in Japanese electronics conglomerate again to push for changes.
The U.S. Trade Representative’s Office on Monday proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for European aircraft subsidies.
Uber Technologies Inc believes it will take a long time for self-driving cars to be used at scale but the technology will save lives, the chief scientist at its self-driving car unit said on Monday.
Twitter Inc said on Monday it paid its Chief Executive Officer Jack Dorsey $1.40 in 2018.
The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrials as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
NEW YORK – A gauge of global equities edged higher on Monday as another drop in Boeing shares and concerns U.S. companies will report a decline in earnings for the first time in three years were offset by rising crude prices that lifted oil shares.
The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrial stocks as investors braced for what Wall Street expects to be the first quarter of contracting earnings since 2016.
Long delays at the U.S.-Mexico border crossing for goods destined for American plants and consumers are hitting the U.S. auto industry, and the gridlock reduced by half the number of northbound trucks that crossed the entry point last week.
Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.
London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter.
Industrials bogged down Wall Street on Monday, pulling the S&P 500 and the Dow lower as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
Saudi Aramco has received over $50 billion in bids for its debut international bond sale, which had been expected to be in the $10 billion region, sources familiar with the matter said.
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