Asian stocks wary ahead of risk events this week, dollar struggles Asian stocks inched higher on Wednesday but investors remained noticeably risk averse, with gold and sovereign debt set for a second day of solid gains ahead of several major political and economic events later this week. With UK elections, […]
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Business
Tesla, Sunrun expected to resume Nevada rooftop solar sales U.S. solar companies Tesla Inc (TSLA.O) and Sunrun Inc (RUN.O) on Monday said they would resume selling rooftop panels in Nevada because legislators passed a bill reinstating a policy the state had abandoned 18 months ago. Assembly Bill 405, which supporters […]
San Francisco investigating whether Uber, Lyft are public nuisances San Francisco has issued subpoenas to Uber Technologies Inc and Lyft Inc for a broad scope of records on driving and business practices as part of an investigation to determine whether the ride-services companies have become a public nuisance. City Attorney […]
U.S. services, factory data point to moderate economic growth U.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labor market strength despite a deceleration in job growth last month. The moderation in services industries production, […]
Oil prices slide over worries Middle East rift will undermine output cuts Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market. Persistent gains in U.S. production also dragged […]
U.S. judge may tap Feinberg to run $1 billion Takata compensation fund A federal judge may tap attorney and longtime compensation adviser Kenneth Feinberg to oversee claims for nearly $1 billion that Takata Corp (7312.T) will pay out to victims of defective air bag inflators linked to numerous deaths and […]
Toshiba shares rise on report Broadcom chosen as chip unit buyer Shares in Toshiba Corp (6502.T) rose as much as 4 percent in early Tuesday trading after Asahi newspaper reported it is considering giving U.S. chipmaker Broadcom Ltd (AVGO.O) the exclusive rights to negotiate to buy its prized chip unit. […]
Dollar hits seven-month low, stocks, oil retreat as caution reigns Escalating tensions in the Middle East, the impending testimony of the former FBI director, British elections and a European Central Bank meeting this week, all took their toll on Asian stocks, oil and the dollar on Tuesday. Oil fell back […]
Toyota Sold All Its Tesla Stock, And Plans To Ignite 2020 Games By Flying Car It's not unusual to find that Toyota Motor Corp. has been quietly steering for the future, but some of its latest moves seem to have even jaded investors feeling revved up. For starters, Toyota has […]
GOP running out of time for legislative achievements President Donald Trump and his GOP allies on Capitol Hill have made it through nearly half their first year in power without a single major legislative achievement. If that’s going to change, it will have to start soon, a reality that Republican […]
