Asian stocks retreat, dollar holds near six-week high on hawkish Fed Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve's hawkish policy statement. European markets looked more positive, with financial spreadbetters expecting Britain's FTSE […]
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Buffett to face big crowd as Berkshire grows bigger As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc (BRKa.N) shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as "Woodstock for Capitalists" is […]
VW in talks with Exxon, Gazprom on gas-powered cars Mueller on ORF Volkswagen (VOWG_p.DE) is in talks with Exxon Mobil Corp (XOM.N) and Gazprom (GAZP.MM) to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria's ORF radio. Europe's biggest carmaker is working on […]
U.S. lawmakers grill airline executives after customer disasters U.S. lawmakers threatened United Airlines (UAL.N) and other carriers on Tuesday with legislation aimed at improving customer service after a passenger was hauled down the aisle of a flight last month. Top airline executives testified to the House of Representatives transportation committee […]
Wall Street fears end of boom as automakers' April U.S. sales drop Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down. […]
Wall Street elite find it hard to bank on Trump's breakup talk At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets. […]
Global stocks struggle, dollar gains ahead of Fed decision European stock markets retreated from 20-month highs and the dollar inched up on Wednesday as investors pondered the chances of another rise in U.S. interest rates next month ahead of the Federal Reserve's May statement. Since December, the U.S. central bank […]
Oil rises as OPEC cuts outweigh higher output elsewhere Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya. Benchmark Brent crude oil LCOc1 was up 30 cents […]
AIG's investors, awaiting CEO plan, uneasy ahead of results For nearly two months, American International Group Inc (AIG.N) has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company's future. AIG reports its first-quarter […]
How two cutting edge U.S. nuclear projects bankrupted Westinghouse In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. The delay, which a […]
