Stories about Economy

Oct 12 2018

UK Brexit minister Raab confident of Brexit deal in autumn

Avramopoulos also said the bloc's no-deal contingency plans on security were driven by "goodwill", stressing the bloc would want to continue cooperating with Britain clos...

Oct 12 2018

Financial Times reports: UK PM Theresa May says Brexit deal is close

Talk of a draft deal having been agreed in Brussels on the Irish backstop was rubbished by Whitehall insiders, who urged caution. Britain's Prime Minister Theresa Ma...

Oct 12 2018

Tech stocks lead Wall Street slump as investors shun risk

The biggest driver for the market over the last week has been interest rates, which began spurting higher following several encouraging reports on the economy. Amazon d...

Oct 07 2018

Unemployment drops to 3.7 percent; 134,000 jobs added in September

Average hourly earnings climbed 2.8% from a year earlier, matching projections, while the jobless rate fell more than projected to 3.7%, the lowest since 1969 . And wome...

Oct 07 2018

Kanye West Says Leave Elon Musk Alone In Rant To College Students

Tesla and Mr. Musk agreed to pay $20-M each to the regulator under the settlement, and Mr. Musk to step down as the company's Chairman but remain CEO as part of the ...

Oct 05 2018

United States dollar surges to 15-month high against Singdollar

The policy repo rate under the liquidity adjustment facility (LAF) remained unchanged at 6.5 per cent. Brent crude also breached the four-year high of USD 86 dollar per...

Oct 02 2018

Elon Musk steps down as Tesla Chairman after Controversial Tweet

Musk said in an email to employees on Saturday the company was " very close to achieving profitability" but for that it has to stabilize a brutal ramp-up in output who...

Oct 02 2018

Amazon raising minimum wage for US workers to $15 per hour

That could be good news for numerous Internet giant's workers across North Carolina. Amazon said 17,000 British employees would benefit from the rises, as well as 250,0...

Oct 01 2018

SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

Musk did not found Tesla but provided early financing. Tesla will also pay a $20 million fine. The SEC had charged Musk with securities fraud, alleging that he mi...

Sep 30 2018

Ethereum (ETH) Reclaims Its Position from Ripple (XRP)

Ethereum (ETH ), EOS , Cardano (ADA) are down by more than 9%. Within a few minutes, ETH shot up from around $230 to $250. This morning, XRP once again "flippened" E...

Sep 26 2018

Instagram founders resign to explore "curiosity and creativity again"

With roughly 1 billion monthly active users and growing, Waral calculated that Instagram will take in more than $10 billion in revenue over the next 12 months. "In a ...

Sep 24 2018

Trump bullies OPEC...again

Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 2.1 mil...

Sep 24 2018

Jet Airways Flight with bleeding passengers returns to Mumbai

Releasing a statement, Jet Airways said, "Jet Airways Mumbai-Jaipur flight today made an air turn back due to loss in cabin pressure". All the affected passengers are...

Sep 22 2018

Oil prices drop as escalating trade war clouds demand outlook

Oil prices were up early Tuesday morning amid reports that Saudi Arabia would be comfortable letting oil prices rise above $80 a barrel. Benchmark Brent crude already...

Sep 20 2018

OPEC crude basket rises to $76.02

WTI futures gained 2.5 percent in the previous session. Brent crude oil spot prices averaged 73 US dollars per barrel in August, down nearly 2 dollars from July. India ...

Sep 18 2018

Coca-Cola looking into cannabis-infused drinks

And the company is interested enough in selling CBD beverages that it also held talks with Aphria, another Canadian marijuana producer about two months ago, insiders to...

Sep 18 2018

US$200 billion in Chinese goods officially 'Tariffed!'

USA trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior securities market official said. The...

Sep 17 2018

Oil prices claw back some ground, but demand worries drag

Following Chinese President Xi Jinping's call for a boost to national energy security amid trade tensions, the country's crude oil output rose in August for the first...

Sep 14 2018

U.S., Canadian trade negotiators set for second day of…

Canada's politically powerful dairy farmers are likely to resist changes to the price controls and high tariffs that protect them from foreign competition. Freeland is ...

Sep 14 2018

Bezos: 'Secure and Confident' Trump Would be 'Glad' to be Scrutinized

Earlier this month, US Senator Bernie Sanders, a self-described democratic socialist, proposed a bill in Congress called the "Stop BEZOS" Act, which would make large cor...