Stories about Finance

Aug 08 2018

Elon Musk tweets about going private and shares 'skyrocket'

Taking Tesla private would certainly qualify. The US Securities and Exchange Commission allows companies to use social media outlets like Facebook and Twitter to ann...

Aug 06 2018

China threatens tariffs on $60 billion in U.S. goods

White House press secretary Sarah Huckabee Sanders says that "instead of retaliating, China should address longstanding concerns about its unfair trading practices ", in...

Aug 06 2018

Oil prices mixed after inventory-fueled spike

According to two officials, the USA hasn't been able to persuade China to reduce Iranian oil purchases, but Beijing has reportedly agreed not to increase its oil imports ...

Aug 05 2018

US employers add 157000 jobs, jobless rate hits 3.9 percent

This refutes the notion that the slower overall gain in jobs for the month reflected the impact of tariffs. The unemployment rate fell one-tenth of a point to 3.9% in J...

Aug 05 2018

UK rates raised to highest since 2009 despite Brexit worries

The Reserve Bank of India (RBI) today hiked the repo rates, or interest rates at which the country's central bank lends money to banks. Benson Hersch, CEO at the ASTL, ...

Aug 05 2018

Iran receives more airplanes ahead of renewed U.S. sanctions

Francis Fannon, the assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, according to a State Department spokesp...

Aug 04 2018

Wall Street eyes more gains from Apple, its $1 trillion stock

Today Apple Inc . surpassed the $ 1 trillion dollar mark in value, showing once again that it is the dominant force when it comes all the companies out there today. St...

Aug 04 2018

Chinese tariffs on LNG, oil aim at USA energy dominance agenda

The threat came a day after Chinese officials appealed for dialogue based on "mutual respect", with Foreign Minister Wang Yi urging the US on Thursday to remain "cool-hea...

Aug 03 2018

Missouri sales tax holiday weekend is around the corner

New Mexico is one of 14 states that offers a tax-free holiday for back to school shopping. Missouri's sales tax holiday weekend is just days away. "The people of OH...

Aug 03 2018

Bank of England hikes interest rates to highest level since 2009

The hike was done by the Monetary Policy Committee (MPC). "Policy needs to walk - not run - to stand still", he said as he explained a new BoE estimate of neutral int...

Aug 03 2018

Apple is officially worth more than $1 trillion

Apple has become the world's first public company to be worth $1 trillion. Wynn Resorts slumped 6.5 per cent after reporting a 14.9 per cent decline in revenues from i...

Aug 02 2018

Tesla reports wider Q2 deficit than expected but predicts Model 3 boost

The all-electric automaker said that it had made $4 billion in auto, battery and leasing revenue during the second quarter of the year, a sharp increase over the same q...

Aug 02 2018

US sanctions two Turkish officials over detention of American pastor

He also said his foreign minister, Mevlut Cavusoglu, would hold talks with U.S. Secretary of State Michael Pompeo on the sidelines of an ASEAN meeting in Singapore. Bruns...

Aug 01 2018

Apple beats earnings expectations with $53.3B in revenue, stock up 3%

The company said it expects fourth-quarter revenue of between $60bn (£45.7bn) and $62bn (£47.2bn). Apple has posted Q3 18 results , and the results won't be a ...

Jul 30 2018

Concerns linger in Europe after US-EU trade truce

The American Farm Bureau, local trade associations, and groups representing soybean, cotton, sorghum, milk, and pork producers issued statements after the Department of...

Jul 28 2018

Amazon second-quarter profit trounces estimates

For the three months ending June 30, Seattle-based Amazon reported net income of $2.53 billion, or $5.07 per share, blowing past the $2.48 per share Wall Street analy...

Jul 28 2018

Twitter Loses Users, But Will Advertisers Follow?

The knee-jerk rationale is to associate the MAU drop with Twitter's crackdown on bots and fake accounts, but the social network admits that it doesn't include inactive or...

Jul 28 2018

Facebook sued after stock plunge ‘shocked’ market

Facebook has also faced public image problems because of the way Russian Federation used the site to try to influence the 2016 US presidential election. "Our community a...

Jul 28 2018

Trump administration announces $12 billion 'bailout' for farmers

Juncker, after Trump imposed tariffs on steel and aluminum imports, said in March that "this is basically a stupid process, the fact that we have to do this". Meanwhile, ...

Jul 28 2018

Trump proposes scrapping gas licenses for export to Europe

Amid growing pressure on the USA president from business groups, lawmakers in his own party and their constituents, Malmstrom, the EU's top trade official, warned earlier...