Oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth.
Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential break-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday.
Marathon Petroleum Corp said on Friday the top U.S. refiner’s board supported Gary Heminger staying on as chief executive officer amid calls for his ouster from two top 10 shareholders.
We live in a culture of debt. In fact, many people will tell you that taking on large amounts of debt is completely normal. Overall household debt in the U.S. had taken a downturn for a while, but in 2013 it began to grow again and now stands at more than $13.67 trillion. Mortgages alone are responsible for 71% of household debt. (That being said, in almost all cases, mortgage debt should be the last debt you pay off.) If you are like many Americans, you may be buried under a mountain of debt that can seem insurmountable…but there is …read more […]
Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC).
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank’s September rate cut because the economy is strong and said he thinks the Fed should “hold firm” on interest rates.
Precious metals isn’t a topic we discuss much here. But I simply couldn’t resist today. The outlook for gold and silver is just too good, and it’s getting better.
To me, the fundamental bullish case for precious metals is simple. Governments, people and businesses around the world have big piles of unpayable debt. And, unfortunately, most of the borrowed money isn’t being spent productively.
We’ve reached the stage where countries and companies are borrowing at an accelerated rate just to pay the interest on their debt. Look how extreme it’s gotten. This chart shows global debt as a percentage of gross domestic …read more […]
Shares in a slew of Chinese stocks traded in the United States and index providers slumped on Friday, after reports the Trump administration is considering delisting Chinese firms from U.S. stock exchanges.
President Donald Trump’s administration is considering the possibility of delisting Chinese companies from U.S. stock exchanges, a source briefed on the matter said on Friday, in what would be a radical escalation of trade tensions between the two countries.
Apple Inc plans to give feature-length films extended theatrical releases before making them available on its streaming TV service, the Wall Street Journal reported on Friday.
U.S. stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.
Barclays has agreed to pay about $6.3 million to settle U.S. charges it violated a federal anti-bribery law by hiring family and friends of foreign officials in the Asia-Pacific region to help win or retain investment banking business.
U.S. consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for the third quarter.
Austrian sensor maker AMS raised its takeover offer for Osram to 4.5 billion euros ($4.9 billion) on Friday, ratcheting up the pressure on a private equity consortium also vying to buy the German lighting group.
Wells Fargo & Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to turn around the fortunes of the scandal-plagued bank, sending its shares up more than 4%. Scharf, who joins the fourth-largest U.S. bank effective next month after a 2-year stint leading Bank of New York Mellon , will become Wells Fargo’s third CEO in as many years.
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