Business News
Google wins U.S. approval for new radar-based motion sensor
Alphabet Inc’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli.
Year: 2019
Business News
Wall Street struggles for direction in rocky start to 2019
Wall Street struggled for direction after stumbling out of the starting gate on Wednesday as investor fears over a global economic slowdown dampened the spirit of bargain hunters on the first trading day of the new year.
Business News
Drug companies greet 2019 with U.S. price hikes
Drugmakers kicked off 2019 with price increases in the United States on more than 250 prescription drugs, including the world’s top-selling medicine, Humira, although the pace of price hikes was slower than last year.
Business News
Oil jumps 4 percent; demand concerns still weigh
Oil prices rose about 4 percent in choppy trading on Wednesday, supported by gains in U.S. equity markets, but concerns remained about rising crude production and weakening global economic growth which could hurt demand for oil.
Business News
Bank, energy stocks lift Wall Street higher in choppy session
Wall Street edged higher in a choppy session on Wednesday, as gains in energy and bank stocks helped offset a drop in the healthcare sector and worries about a global economic slowdown.
Business News
GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source
General Motors Co hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday.
Business News
Stocks sag while bonds, yen rally to open new year
Stocks around the world treaded water to ring in the new year while safe-haven assets including bonds, gold and the Japanese yen rallied on Wednesday as Chinese and European economic data bolstered concerns of a slowdown in global growth.
Business News
GM hit 200,000 U.S. electric vehicles sold in 2018: source
General Motors Co reached 200,000 cumulative U.S. electric vehicles sold late last year, triggering a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said on Wednesday.
Business News
Wall Street erases losses as bank, energy stocks lead pullback
Wall Street was little changed on Wednesday, clawing back from losses of more than 1 percent earlier, as gains in energy and bank stocks helped offset worries about a global economic slowdown.
Business News
Netflix poaches Activision’s Neumann for CFO role
Netflix Inc said on Wednesday it had appointed media finance veteran Spencer Neumann from Activision Blizzard as its chief financial officer.
Business News
Oil jumps 4 percent, but demand concerns still weigh
Oil prices rose 4 percent in choppy trading on Wednesday, but concerns remained about rising crude production and weakening global economic growth which could hurt demand for oil.
Business News
Tesla shares drop on price cut, disappointing Model 3 deliveries
Shares in Tesla Inc dropped as much as 9 percent on Wednesday after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits and fell short on deliveries of its mass-market Model 3 sedans in the fourth quarter.
Business News
Prosecutor drops insider trading case against former Deutsche Boerse CEO
The Frankfurt prosecutor’s office has dropped an insider trading case against former Deutsche Boerse Chief Executive Carsten Kengeter in exchange for payments of almost 5 million euros ($5.68 million).
Business News
Wall Street erases losses, helped by bank and energy stocks
U.S. stocks were flat on Wednesday morning, clawing back from losses of more than 1 percent earlier, helped by energy stocks as oil prices reversed earlier losses and bank stocks as 10-year U.S. treasury yields moved off a near year-low.
Business News
Oil rises 3 percent, but demand concerns still weigh
Oil prices rose 3 percent on Wednesday, tracking U.S. equity markets that also pared some earlier losses, but traders said concerns about rising crude production and weakening global economic trends were likely to keep rallies contained.